61-storey rental tower

New 61-storey rental tower proposed for Toronto

Thursday, September 3, 2020

A new 61-storey rental tower has been proposed for the intersection at University and College in downtown Toronto. Developer Kingsett Capital has submitted a rezoning application to the City to build a 4-storey addition above the existing 19-storey Ontario Power Building along with the new tower, which would rise from the southwest corner of the site.

Currently home to the Ontario Power Generation with hospitals on either side, if approved, the new development will provide 1.8 million square feet of gross floor area with 111,322 square metres of office space, 17,364 square metres of retail space, and 531 new purpose-built rental units.

Designed by KPMB, proposed plans include improvements to the existing courtyard, concourse, and lower concourse levels to create an “enhanced public realm” with access to Queen’s Park subway station. Other plans include the widening of the area’s sidewalks, with new paving, trees, and pedestrian seating.

When complete, the 61-storey rental tower will offer 531 suites featuring a mix of studio, one-bedroom, two-bedroom and three-bedroom layouts. According to the plans, the tower will blend into the west side of the current office structure while also integrating with the site’s shopping concourse. Approximately 22,862 square feet of amenity space, including a daycare and expansive green roofing, will be located throughout the premises.

For more information and this and other KingSett Capital developments, visit: https://kingsettcapital.com/news/




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