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Not many details yet, but this could be potentially the biggest project of it's kind ever seen in Canada.

Massive Toronto Project to Lure Amazon Envisions 50,000 Workers
By Natalie Wong
March 1, 2018, 5:00 AM EST

First Gulf mulls IPO, bonds for $6.3 billion development
Site proposed for Amazon HQ2; next to Google’s smart city

First Gulf Development Corp. is considering everything from an initial public offering to bond financing to get Canada’s biggest office project off the ground -- 12 million square feet of space in Toronto that will hold more than 50,000 workers and cost about C$8 billion ($6.3 billion) to build.

The company expects to get planning approval by June to start development on the 60 acre (24-hectare) site known as East Harbour, which the city officially pitched for Amazon’s HQ2. The project, located east of the financial core and next to the smart city proposed by Google parent Alphabet Inc., will include a mix of office, retail and institutional space.

Rendering of East Harbour project
Source: First Gulf

“The scale of this is not something that we have seen in Canada,” said Derek Goring, vice president of development of Toronto-based First Gulf, adding that the raising of capital is still some way off........

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