Not two, not three ... but five new residential towers have recently been proposed for a sparse spot on Toronto's lakeshore. BDPQuadrangle | realestate realestatenews Toronto residential towers
new residential towers have recently been proposed for a sparse spot on the Toronto lakeshore. The Lake Promenade Co-Tenancy is behind anfiled with the city in mid-April, which seeks to redevelop 220, 230, and 240 Lake Promenade, and 21 and 31 Park Boulevard in the Long Branch neighbourhood of Etobicoke.
Pending city approval, the site in question, currently occupied by five seven-storey rental apartment buildings, could soon see a posse of new mid- and high-rises between 12 to 30 storeys in height. The development would reach 92.28 metres at its highest point and encompass 129,343 sq. m of total gross floor area.
Two of the buildings are planned to be rental in tenure, jointly containing 548 replacement rental units and 29 market rental units. The remaining three buildings are intended to be condominium in tenure, with 1,444 units planned for a total of 2,021 rental units across all five buildings. Indoor and outdoor amenity spaces are also proposed, at 4,057 sq. m and 4,044 sq. m, respectively, as well as 1,307 vehicle parking spaces and 1,642 bicycling parking spaces.Beyond adding thousands of residential units to the area, the proposal includes a number of enhancements to the public realm, including the addition of two public parks, planned to be 2,694 sq. m and 2,336.9 sq. m, respectively.
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