Canadian Prime Minister Justin Trudeau announced Tuesday in Toronto that Google's parent company, Alphabet, will develop a portion of the waterfront along Lake Ontario. The development will house Sidewalk Labs, a unit of Alphabet focused on innovation in urban environments.
"This project offers unprecedented opportunities for Canadian innovators and will create thousands of good, middle class jobs," Trudeau said during the announcement alongside Toronto Mayor John Tory and Alphabet Executive Chairman Eric Schmidt.
According to The Globe and Mail, Google's Canadian headquarters will be relocating to the 12-acre site.
Schmidt said that "we are making a bold bet that innovation technology and forward-thinking urban design can make fundamental improvements in city life."
Google did not immediately respond to a request for comment.