A new jewel is emerging on Toronto's waterfront, soon to be the capstone in a transformative new community that has breathed new life into what was once a barren, industrial no-go-zone.

The new Aqualuna at Bayside development has been turning heads at Parliament and Queen's Quay with its flashy, wave-inspired design from Denmark-based 3XN architects.

Marking the fourth and final residential development in Tridel and Hines' 13-acre mixed-use Bayside community, Aqualuna is bringing condo towers of 18 and 17 storeys to the waterfront that look unlike anything else in the city.

Construction started with the arrival of drilling rigs back in mid-2020, and the towers reached their final heights in late 2023.

In the months since the towers topped out, much progress has been made on the installation of the complex's distinctive copper-coloured cladding.

Photos show how Aqualuna eschews the cookie-cutter model for Toronto condos with undulating facades inspired by the waves of Lake Ontario.

A flowing massing breaks like the surf, forming terraces at angles that maximize lake views for residents.

Even the complex's balcony railings are unlike any others seen in modern condos in the city, hugging the towers' curves and beautifully blending with the design.

Trees have been planted along the complex's terraces, adding shots of green that contrast against the towers' metallic orange finishes.

Aqualuna will add over 240 new condominium units to the waterfront, but you don't have to drop millions to experience the building for yourself.

The complex is set to include a brand-new community centre. The City-run East Bayfront Community Recreation Centre, which is well under construction within the base of the complex, is on track to open to the public next year.

Rendering of the development as it will appear once completed. Tridel/Hines

The 25,000-square-foot community centre at 261 Queens Quay will offer locals two levels of amenities like an enormous gymnasium and running track when it opens in April, 2025.