A towering condo was just approved to replace a Toronto office building Toronto TorontoRealEstate RealEstate
The updated plan retains the massing of the previous design, but alters the exterior expression from architects IBI Group.
Contributing to its revised look, the refined design contains no projecting balconies on the north, east, and west facades, with the settlement terms permitting them on just the east elevation. A revised floor area of 43,754 square metres would be primarily dedicated to residential condominiums and supporting amenities, while 6,279 is set aside for non-residential uses, including but not limited to commercial, office, hospitality and retail.
The residential component calls for 654 units, which, despite the height decrease, is actually a slight bump from the 645 units proposed in the previous iteration. The settlement terms for the site's zoning by-law amendment stipulate a minimum of 10 per cent three-bedroom units and 20 per cent two-bedroom units.
Joining the trend of developments with minimal parking components following changes to Toronto's mandatory minimums for new builds, the settlement terms include just 83 parking spaces for vehicles, instead providing a whopping 657 bike spaces for residents' commuting needs.
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