Waterfront Toronto and Menkes Developments
Yesterday, representatives of Waterfront Toronto announced plans for a new 350,000 sq. ft. Innovation Centre
that is expected to provide about 2,000 new jobs in the city.
The private sector, namely Menkes Developments
is going to fund the building, which is to be located
on city-owned land in the East Bayfront neighbourhood;
east of Yonge St on Queens Quay East.
The Mayor of Toronto was at the announcement and called it
a ‘job creating jewel’. It is hoped that the building will be
the beginning of a bigger innovation district and help Toronto attract ‘high value’ employers.
Menkes Developments plan on breaking ground next year
and have the building completed by 2019.