TORONTO — Ground has been broken on the T3 Bayside project, which is expected to deliver over 250,000 square feet of mass timber office space to Toronto’s eastern waterfront.
With the groundbreaking, international real estate firm Hines, has begun speculative construction on the workplace component of the Bayside Toronto waterfront master-planned community. T3 stands for “timber, talent and technology.”
The first of two twin, heavy timber office buildings at Bayside Toronto, T3 Bayside will be constructed using an innovative and sustainable mass timber structure, and feature amenities that are designed with the goal of delivering a completely differentiated tenant experience, indicates a release. Once complete, the two buildings will feature over 500,000 square feet of office space. The buildings were designed by 3XN after the studio emerged as the winner of an international design competition.
T3 Bayside is the most recent addition to a global series of mass timber workplaces built by Hines. Phase one will bring 251,000 square feet of commercial office space to the waterfront in early 2023 and feature 30,000-square-foot floorplates. CBRE Limited has been awarded the marketing and leasing of Phase One.
Hines was named the master developer of Bayside Toronto following an international competition by Waterfront Toronto. Hines brought developer Tridel on as its exclusive residential development partner. Hines and Tridel are responsible for the successful launch of four residential projects: Aqualina, Aquavista, Aquabella and Aqualuna, adds the release.
Once complete, Bayside Toronto will include two million square feet of new residential housing, including market condominiums and affordable housing, office space, shopping and restaurant destinations and cultural venues, along with a public realm.
“The work we do focuses on building complete communities,” said George Zegarac, president and CEO of Waterfront Toronto, in a statement. “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.”