A request for proposals (RFP) has been issued by the Toronto Port Authority, which is seeking proposals from firms or consortia to develop a new marine terminal and pier at the Yonge Street Slip on Toronto’s waterfront. Teams with the experience, qualifications, and resources to deliver a comprehensive business plan for a multi-use marine terminal at the Yonge Street Slip are welcome to bid on the project by April 2. The RFP details are available on MERX.
According to Destination Toronto, the project would include a new marine terminal, a public plaza, and a pier featuring a signature architectural landmark, referring to it as a “transformative infrastructure project” that will have a dual function as “a multi-use marine transportation hub and an iconic gateway to the city.”
The proposed facility will be in alignment with the marine transit strategy of the City of Toronto and capable of accommodating Great Lakes passenger cruise ships, marine transit services, and certain recreational boating activities.
This is one of many development opportunities along the city’s waterfront, including redevelopment opportunities in the Port Lands which were recently unlocked for large-scale mixed-use development. As one of the largest contiguous areas of underdeveloped urban land in any major global city, the $1.4 billion flood protection and river naturalization project funded by the federal, provincial, and local governments has made this possible.
