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Waterfront Toronto's 'innovation centre' plans unveiled

from The Globe and Mail

Waterfront Toronto has taken the wraps off designs for a proposed "innovation centre," a nine-storey building being touted as the next stage of redevelopment of the eastern harbour. Toronto-based Menkes Developments Ltd. would build and own the project. Under the proposed deal, it would buy the city-owned site near Sugar Beach for an undisclosed amount after it finds a lead tenant and begins construction, which is expected to happen at the end of next year. Waterfront Toronto, which is responsible for developing former industrial lands on the harbour, selected Menkes to develop the site in a competition. more

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