University of Toronto selects Westbank as development partner for The Gateway
Top university and renowned real estate developer to collaborate on the design-build of the ambitious campus housing development.
TORONTO, Feb. 14, 2023 /CNW/ - The University of Toronto has chosen Westbank, a leading private North American real estate developer, to design and build its innovative Site 1: The Gateway project.
The Gateway project will create significant housing for faculty, staff and student families, academic space focused on life-long learning, ancillary retail opportunities, and enhanced public space at the northwest gateway to the university's downtown campus. Key objectives for the project include sustainable design, energy conservation and energy infrastructure improvements, thoughtful integration with existing heritage assets, animation of the public realm and commitment to Indigenous engagement, along with inspiring architecture and design excellence. The project envisions a seamless and dynamic gateway between the university and the city.
The university's evaluation committee selected Westbank from a shortlist through a competitive procurement process, led by CBRE. The project team has also initiated an RFQ process to prequalify firms for architectural services.
Westbank is one of North America's leading mixed-use real-estate development firms, with three other projects currently underway in Toronto, including Mirvish Village at the corner of Bloor and Bathurst streets, a new purpose-built rental-housing community.
"The Gateway will significantly address the university's strong demand for housing, advancing the academic mission by adding hundreds of new units to the campus and to downtown Toronto," said Scott Mabury, vice-president, operations and real estate partnerships. "We are thrilled to partner with a team so well aligned with the university's values, with further expertise in design and construction and a solid track record in stakeholder engagement and positive city building. We are excited to bring this project forward and committed to our goal of achieving a climate positive campus by 2050."
"With The Gateway, we saw an opportunity to create an inspiring faculty and student family housing project that will incorporate a high degree of innovation in its response to climate change and a level of city building that the University of Toronto consistently strives to achieve," said Ian Gillespie, founder and CEO of Westbank. "This project will allow the university to advance its leading role in addressing climate change while accelerating Toronto's path towards carbon neutrality. We look forward to working with the University of Toronto to create not only a new gateway into its campus, but a gateway to more inclusive, low-carbon city-building."
Founded in 1827, the University of Toronto is Canada's top university with a long history of challenging the impossible and transforming society through the ingenuity and resolve of its faculty, students, alumni and supporters. We are proud to be one of the world's top research-intensive universities, bringing together top minds from every conceivable background and discipline to collaborate on the world's most pressing challenges. Our community is a catalyst for discovery, innovation and progress, creating knowledge and solutions that make a tangible difference around the globe. And we prepare our students for success through an outstanding global education rooted in excellence, inclusion and close-knit learning communities. The ideas, innovations and contributions of more than 640,000 graduates advance U of T's impact on communities across the globe. Together, we continue to defy gravity by taking on what might seem unattainable today and generating the ideas and talent needed to build a more equitable, sustainable and prosperous future.
utoronto.ca
Westbank is a practice dedicated to the creation of inspiring environments. Established 30 years ago, we are a private company that concentrates primarily on projects in our core cities of focus: Vancouver, Toronto, Seattle, Tokyo and San Jose. As a global leader in net zero development and the co-owner of one of North America's largest district energy providers, we are committed to large scale net zero carbon initiatives. Our body of work includes residential, hotels, retail, creative workspace, district energy, affordable housing, exhibitions and public art, with over $50B of projects completed or under development. As our practice has evolved, we have woven together an ecosystem of cultural enterprises, including restaurants, gyms, spas, music venues, private members clubs, fashion, dance schools and food halls. We bring this ecosystem to life through collaborations with some of the most talented artists, architects, designers and entrepreneurs in the world. We look for every opportunity to strengthen the bonds that unite us – to bring people together and help build more inspiring, sustainable communities. Through these and other endeavours, our evolution continues as we become a cultural platform for the creative city.
westbankcorp.com
SOURCE University of Toronto
Media Contacts: Media Relations, University of Toronto, [email protected]; Ariele Peterson, Communications, Westbank, [email protected]
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