Sidewalk Labs pulling out of Quayside project
Sidewalk Labs is packing up and leaving Toronto after a long, fraught and ultimately failed attempt to build a sensor-laden high-tech neighborhood on the east downtown waterfront.
The Manhattan-based sister company of tech giant Google informed Toronto Mayor John Tory on Thursday morning.
Sidewalk Labs chief executive Dan Doctoroff made the stunning news public in a blog post. I have blamed economic upheaval and uncertainty over Toronto’s real estate market.
“In October 2017, Sidewalk Labs and Waterfront Toronto set out to plan a shared vision for Quayside, a fundamentally more sustainable and affordable community resulting from innovations in technology and urban design,” Doctoroff wrote, adding he's met thousands of Torontonians excited about making urban life better.
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