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Construction to begin on Aqualuna
The building is one of two which will soon be under construction at Bayside, which is now entering Hines’ final construction phase.
Aqualuna will be a 468,000-square-foot, 240-suite condominium comprised of two 16-storey towers to be built in partnership with Tridel. After going through a minor variance committee hearing in mid-July, Hines expects to begin construction in August.
Aqualuna will feature a sixth-floor amenity terrace and pool with views of Lake Ontario as well as direct access to an indoor lounge. The ground floor will have approximately 18,000 square feet of retail space.
Seventy-eight per cent of the units are sold and occupancy is scheduled for October 2024.
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“The only other phase left is an affordable rental building that’s controlled by the city,” said Tesciuba, who is responsible for all real estate activities in Canada for Hines, which is headquartered in Houston.
There are no firm timelines in place to start construction on the apartment building. While Hines would like to be part of that project, the City of Toronto is leading and funding the project and will make the decisions on how it progresses.
The building is one of two which will soon be under construction at Bayside, which is now entering Hines’ final construction phase.
Aqualuna will be a 468,000-square-foot, 240-suite condominium comprised of two 16-storey towers to be built in partnership with Tridel. After going through a minor variance committee hearing in mid-July, Hines expects to begin construction in August.
Aqualuna will feature a sixth-floor amenity terrace and pool with views of Lake Ontario as well as direct access to an indoor lounge. The ground floor will have approximately 18,000 square feet of retail space.
Seventy-eight per cent of the units are sold and occupancy is scheduled for October 2024.
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“The only other phase left is an affordable rental building that’s controlled by the city,” said Tesciuba, who is responsible for all real estate activities in Canada for Hines, which is headquartered in Houston.
There are no firm timelines in place to start construction on the apartment building. While Hines would like to be part of that project, the City of Toronto is leading and funding the project and will make the decisions on how it progresses.
Construction accelerates at Hines' Bayside Toronto development | RENX - Real Estate News Exchange
Construction at the mixed-use Bayside Toronto development is about to accelerate once again, with Hines hosting the official groundbreaking for the T3 Bayside office and retail complex on July 23. It’s the latest addition to the 13-acre, master-planned Bayside Toronto
renx.ca