Toronto waterfront renewal is the multi-billion dollar long-term plan for environmental improvements, economic activity and overall enhancement of quality of life through development of a designated waterfront area (DWA) between Coxwell and Dowling Avenues. This area is roughly divided into three precincts: West Don Lands (an 80-acre parcel bounded by Bayview Avenue, Cherry Street, Eastern Avenue and the rail corridor), East Bayfront (a 90-acre parcel that extends from Jarvis Street to Cherry Street, south of the Gardiner corridor to the Inner Harbour) and the Port Lands (an 850-acre parcel south of the Gardiner corridor to Lake Ontario between the Inner Harbour and Ashbridges Bay).
Realizing the potential of these approximately 800 hectares (2000 acres) of land is a priority of Toronto City Council. Under the Official Plan, Toronto’s growth is being directed away from greenspace to areas that can accommodate significant change. This type of sustainable, compact growth serviced by transit and pedestrian and cycling routes brings key waterfront lands in the heart of the city back into viable use.
The first new waterfront communities have taken shape in East Bayfront and West Don Lands, where 8,500 athletes and officials will be housed in an Athletes’ Village to be completed as part of the 2015 Pan/Parapan American Games. These projects include significant greenspace and parks, such as Corktown Common and Sherbourne Common. Meanwhile, a Port Lands Framework Plan as well as precinct plans for Cousins Quay and the Film Studio District in the Port Lands are in development.