Google reportedly nearing deal for waterfront development in Toronto

toronto

A Google subsidiary is reportedly close to finalizing a deal with the City of Toronto for a “digital-city project,” according to the Wall Street Journal.

Sidewalk Labs, a company that “imagines, designs, tests, and builds urban innovations to help cities meet their biggest challenges,” wants to develop a 12-acre section of Toronto’s eastern waterfront.

According to the WSJ, Waterfront Toronto — the group tasked with bolstering development along Toronto’s waterfront — is expected to approve the project sometime later this month. Details of the plan are currently under wraps, but the project is estimated to cost more than $1 billion USD, “based on construction costs of similar projects.”

Sidewalk has been pursuing this development deal since May 2017.

This article was originally published on MobileSyrup

Photo via Unsplash

Sameer Chhabra

Sameer Chhabra

Sameer Chhabra is a staff writer at MobileSyrup.