Last Friday, the Royal Bank of Canada announced it would be moving its domestic operations into the new WaterPark Place III project, now renamed RBC WaterPark Place, being developed by Oxford Properites and designed by WZMH Architects. Along with the announcement, new renderings have been released, showing the proposed logo placement and giving a better idea of what the building will look like when complete.

RBC WaterPark Place, courtesy of Oxford Properties

RBC currently has its domestic operations spread throughout the city, with its global offices located in the iconic Royal Bank Plaza. RBC's tenancy in RBC WaterPark Place III signals a shift in Toronto's financial geography; as more businesses arrive in the city and banking operations grow, the boundaries of the financial district - traditionally Bay Street, between Front and Queen - need to expand to accommodate the city's financial growth. 

RBC WaterPark Place, courtesy of RBC

This expansion of the financial district towards the lake shore not only signals healthy commercial growth in the city, but also increases the diversity of site uses in the predominantly residential waterfront neighborhood. Check out our previous article on RBC Waterpark Place III here for more renderings, and our dataBase listing below for information.