Waterfront Toronto will begin negotiations with Dream Unlimited Corp. (Dream) and Great Gulf Group, known as Quayside Impact Limited Partnership, for developing the Quayside site in downtown Toronto. Today's announcement comes after a competitive process, with four teams vying for the opportunity to transform the 12-acre (4.9 hectare) site into a community for residents and visitors to live, work and play.

Among the highlights of the winning submission from Dream and Great Gulf were proposals to create: 800+ affordable housing units, more than doubling the affordable housing Waterfront Toronto has brought to the waterfront, with many delivered in earliest stages to address an urgent need. New public spaces, including a two-acre forested green space, plus a significant urban farm atop one of Canada's residential mass timber buildings. A cultural destination and multi-use arts venue that brings together space for the performing arts, Indigenous-centered cultural celebrations and flexible education spaces.

Exemplary low-carbon development and innovations, making Quayside the first all-electric, zero-carbon community at this scale; Visionary world-class architecture that will raise the bar on design across the entire neighbourhood and create a visually striking focal point on Toronto's waterfront.