What Toronto's abandoned Sidewalk Labs waterfront could look like (RENDERINGS)

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A swath of land along Toronto’s eastern waterfront previously abandoned by Sidewalk Labs will soon be getting an entirely new look.

Waterfront Toronto released their vision for the 12 acres of land on Wednesday as they announced the launch of an international competition to find a developer to undertake the project.

The area, known as Quayside, is one of the last undeveloped stretches of land along the waterfront and is comprised of five developable blocks.

Waterfront Toronto’s vision includes the development of an “inclusive mixed-use, mixed-income neighbourhood” that would include both affordable and market-rate housing. It also calls for facilities that allow the community’s residents to “age in place.”

The keystone of the project will be the redevelopment of Parliament Slip — the waterfront area at the base of Parliament Street. Waterfront Toronto released its plans for the slip on Monday, and it is set to include a public swimming pool, water amphitheatre, boardwalk, and a floating restaurant.

“The people of Toronto have told us that they want to see a bold vision realized on the waterfront that reflects the confident, welcoming, and imaginative civic spirit of our city,” said Chair of the Board for Waterfront Toronto Stephen Diamond.

The project will also focus heavily on ensuring the new development is as green as possible by “demonstrating climate leadership as one of Canada’s most sustainable low-carbon communities.”

“We want Quayside to be timeless, adaptive, and to propel us into our rightful place among the great waterfronts of the world,” Diamond said.