Model 'smart city' to arise in Toronto

Sidewalk Labs, a division of Google’s parent company Alphabet Inc., has signed a deal with Waterfront Toronto to initiate plans for a $1-billion test “smart city” that will pilot innovative construction techniques and principles, along with the mass application of self-driving systems and climate-friendly architecture. “Sidewalk Toronto is a joint effort … to create a new kind of mixed-use, complete community on Toronto’s Eastern Waterfront, beginning with the creation of Quayside. Sidewalk Toronto will combine forward-thinking urban design and new digital technology to create people-centred neighbourhoods that achieve precedent-setting levels of sustainability, affordability, mobility, and economic opportunity,” Sidewalk announced. Sidewalk has agreed to invest $50 million to develop Quayside, a 12-acre district on the waterfront, into Sidewalk Toronto. Should thing proceed smoothly, Sidewalk will then pursue a larger area to develop, including plans for at least 3.3 million square feet of residential, office, and commercial space, and the moving of Google Canada headquarters from Kitchener to Toronto.

Source: mortgagebrokernews.ca. See website for rest of article.

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