Our look at office towers today takes us to RBC Waterpark Place III.

RBC Waterpark Place III in Toronto by Oxford Properties and WZMH Architects

Developed by Oxford Properties and designed by WZMH Architects, RBC Waterpark Place III is the third phase of Oxford's Waterpark development, and will be built along Toronto's waterfront at 85 Harbor Street. RBC announced this past October that it would be the main tenant of the building, using it to amalgamate its various offices that are spread throughout Toronto and the GTA.

RBC Waterpark Place III in Toronto by Oxford Properties and WZMH ArchitectsRough massing model of Waterpark Place III and surrounding buildings

Waterpark Place III is expected to be completed in October of 2014, and will reach a height of 30 storeys. The larger Waterpark Place development joins Great West Life's Southcore Financial Centre in signaling a shift of the city's financial district further south towards the waterfront.

RBC Waterpark Place III in Toronto by Oxford Properties and WZMH Architects

The site was formerly used as a parking lot, and was indistinguishable from the majority of the land around in —the past five years has seen a boom in interest in these formerly ignored lots, and in the coming decade this area will be largely unrecognizable to those who remember it as the SkyDome parking lot, or the squeegee kid hangout. The image below was taken last month, when the hoarding arrived signaling excavation was about to begin.

RBC Waterpark Place III in Toronto by Oxford Properties and WZMH ArchitectsHoarding arrives on site, image by m____j1

Check out the dataBase listing below for more renderings of the project, or join the discussion on the project forum, where UT members are discussing the changing face of the city's waterfront, and are suggesting some pretty interesting alternatives for what we should be doing with the Gardiner Expressway.