Hines and Waterfront Toronto Break Ground on T3 Bayside… - Hines

Hines and Waterfront Toronto Break Ground on T3 Bayside Alongside Federal and Provincial Ministers and Mayor John Tory

New project will deliver over 250,000 square feet of contemporary, mass timber office space to Toronto’s eastern waterfront

(TORONTO) – Hines, the international real estate firm, has begun speculative construction on the workplace component of their Bayside Toronto waterfront master-planned community with the groundbreaking of T3 Bayside, which stands for Timber, Talent and Technology. The occasion was commemorated with a small gathering at the site, which included remarks from The Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities; The Honourable Laurie Scott, Ontario Minister of Infrastructure; Mayor of Toronto, John Tory and representatives from Hines and Waterfront Toronto.

The first of two twin, heavy timber office buildings at Bayside Toronto, T3 Bayside will be constructed using an innovative and highly sustainable mass timber structure, and feature market-leading amenities, all designed with the goal of delivering a completely differentiated tenant experience. At full completion, the two T3 Bayside buildings will feature over 500,000 square feet of next generation office space.

“With the groundbreaking of T3 Bayside today, we deliver on the commitment we made to Waterfront Toronto and to the City of Toronto to bring employment use to the water’s edge,” says Avi Tesciuba, senior managing director, Hines. “We are humbled and proud of the role Bayside has played in kick starting a whole wave of development along the eastern waterfront as we deliver a truly mixed-use community that will also include affordable rental housing, a day care facility and a recreation center.”

T3 Bayside is the latest in a global series of creative, mass timber workplaces built with Hines’ visionary concept. Phase One will bring 251,000 square feet of commercial office space to Toronto’s eastern waterfront in early 2023, and feature 30,000-square-foot floorplates. The buildings were designed by internationally renowned firm 3XN, after the studio emerged as the winner of an international design competition. CBRE Limited has been awarded the marketing and leasing of Phase One.

“The work we do focuses on building complete communities,” added George Zegarac, President and CEO of Waterfront Toronto. “We are building a waterfront where everyone can access the water, lush green park spaces to enjoy, places for all kinds of families to call home. T3 Bayside is a great example of the innovative approach we have taken over the past two decades to promote environmental sustainability as part of the foundation of our development projects.”

Hines was named the master developer of Bayside Toronto, following an international competition by Waterfront Toronto. Hines brought Canada’s leading condominium developer Tridel on as its exclusive residential development partner at Bayside. Hines and Tridel are responsible for the successful launch of four residential projects: Aqualina, Aquavista, Aquabella and Aqualuna. 3XN’s notable design for Aquabella marked the Danish firm’s first project in North America and was quickly followed by a striking, undulating form for Aqualuna.

Once complete, Bayside Toronto will include two million square feet of new residential housing, including market condominiums and affordable housing, modern office space, shopping and restaurant destinations and cultural venues, along with a newly activated and engaging public realm.

Official Statements from Guest Speakers

"The start of construction on T3 Bayside is another step closer to the building of more beautiful, sustainable and prosperous communities along the waterfront. Through the Toronto Waterfront Revitalization Initiative and through our continued investments in public infrastructure, Canada's infrastructure plan is resulting in thousands of projects, creating jobs across the country and building stronger communities."

The Honourable Catherine McKenna, Minister of Infrastructure and Communities

“These are unique and unprecedented times, and we remain committed to building infrastructure and getting shovels moving across Ontario. The construction of the tall timber buildings will make way for future investments and opportunities in the Waterfront area, while also creating jobs and contributing to our economic recovery and renewal for many years to come.”

The Honourable Laurie Scott, MPP, Ontario’s Minister of Infrastructure

“I am proud that our city is supporting projects like T3 Bayside that will not only enhance our Waterfront but contribute to our growing economy by creating new jobs and office and retail space. I want to thank all partners involved for bringing this project to fruition and for helping us with the revitalization of our city’s waterfront. By working together, we can continue to make Toronto one of the most livable cities in the world.”

John Tory, Mayor of Toronto

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 205 cities in 24 countries. Hines has approximately $133.3 billion of assets under management, including $71 billion for which Hines serves as investment manager, including non-real estate assets, and $62.3 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totaling over 459 million square feet. The firm’s current property and asset management portfolio includes 539 properties, representing over 232 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

About Waterfront Toronto

Waterfront Toronto was established by the Government of Canada, the Province of Ontario and the City of Toronto in 2001 to oversee and lead the renewal of the city’s waterfront. Our mandate is to deliver a revitalized waterfront that brings together the most innovative approaches to sustainable urban development, excellence in urban design, real estate development, and leading technology infrastructure.

Working with the community, and with public and private-sector partners, Waterfront Toronto creates complete neighborhoods anchored by parks and public spaces, and diverse, sustainable, mixed-use communities that offer a high quality of life for residents, employees, and visitors alike. We are transforming the waterfront for the use and enjoyment of the people of Toronto, Ontario and Canada, to foster economic growth and to redefine how the city, province and country are perceived by the world.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

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5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

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852 3651 6198

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1 212 230 2300

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China
852 3651 6198

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Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

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London W1G 9YQ
United Kingdom
44 20 7292 1900

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
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Brazil

Av. das Nações Unidas, 12901
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Toronto, ON M5H 3T4
Canada
416 595 1949

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86 21 6087 2200

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

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Voukourestiou 19
Athens 106 71
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30 210 364 7895

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353 1 7999900

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Italy.info@hines.com

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Tokyo 107-0051
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81 3 6890 3205

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35 F, John F. Kennedy
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352 264 337 1

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52 55 52428809

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Rokin 69D
Amsterdam 1012 KL
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31 208 960 510

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Forbindelsesvej 4
2100 Copenhagen O
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44 7815 285 191

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507 028 20 7375

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48 22 351 2400

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Paseo de la Castella 110 - 2º B
Madrid 28046
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34 91 703 00 23

South Korea

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Seoul 07326
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82 2 6138 4401

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900