The area south of Union Station is seeing one the largest waves of development ever in Toronto's history. As proximity to transit, vibrant cultural amenities, and a highly educated and skilled workforce become more of a priority for employers, we are seeing more businesses either move back downtown or expand their existing operations there.

WaterPark Place is a two-tower office development which has been standing at Bay and Queens Quay for quite some time now, but one which is seeing a third phase being added after more than two decades of waiting. As is obvious from the name of the coming 30-storey third tower, RBC WaterPark Place III will be anchored by RBC. We have recent photos of the construction site on Queens Quay courtesy of Forum member TOCondoGarden.

RBC Waterpark Place III construction,TorontoRBC Waterpark Place III construction, photo by TOCondoGarden

RBC Waterpark Place III Construction, TorontoRBC Waterpark Place III Construction, Photo by TOCondoGarden

As you can see above, with the extensive excavation process now long behind us, the building is starting to make its slow rise in to the skyline. Work on the podium and lower floors of most towers tends to be an intricate and time consuming process making way for the mostly similar upper floors which rise much faster. Designed by WZMH Architects, RBC WaterPark Place III when complete will add 030,000 sq.ft of AAA office space to the area and will feature an above ground PATH connection to Union Station, Canada's largest transit hub.

In anticipation of new projects fuelling Toronto's growth like WaterPark Place and the nearby Southcore Financial Centre—as well the numerous residential towers under construction including Ice Condos, seen below rising in the background—Union Station is undergoing its own renovation and expansion to handle the increasing transportation demand. You can check out the details on Union's expansion here.

RBC Waterpark Place III, Ice Condos, Construction, TorontoWaterpark Place with Ice Condos, Image TOCondoGarden

Developed by Oxford Properties with Ellis Don handling the construction, the intentions are for RBC WaterPark Place III to achieve the highly coveted LEED Gold status by incorporating a number of enviromental initiatives into the construction process and design. Here is a rendering of what we can expect from the completed building.

RBC Waterpark Place III, TorontoRBC WaterPark Place III Rendering, Image courtesy of Oxford Properties

The 460 foot high building will not wrap up construction untill Q3 of next year, so in the meantime you can check out our UrbanToronto dataBase page to see many more renderings of the finished project, or join in on the discussion the our Forum.