Toronto's Waterfront Set to Transform With Two New Condo Towers

Toronto's waterfront continues to evolve and is set to change yet again with the addition of two new condo towers.

Serving as phase three of a master-planned development that's already a fixture along the Queens Quay corridor, the towers -- standing 11- and 45-storeys -- will be joining Cityzen Development's sprawling Pier 27 community.

Located on the southeast corner of Queens Quay East and Yonge Street (next to the Redpath Sugar Refinery), the development's first two phases, a 35-storey tower and the two-building, 14-storey Waterlink, were completed in 2020 and 2016, respectively.

Now, the third and final stage is set to bring the two new condo towers to the development and occupy the land at 25 and 35 Queens Quay East.

condo towers Pier 27

READ: Ontario’s Tallest Geothermal Powered Condo Now Closer to Becoming a Reality

According to the developer’s project website, the phase three land was initially approved for the construction of two mid-rise buildings back in 2012. However, since then, updated planning policies for built-up areas and development growth, has prompted the developer to revise its phase three plans to create a pair of residential towers, the 11-storey East and 45-storey West Building.

The East Building would be home to 136 residential units, along with 4,327-sq.ft of retail space, 5,726-sq.ft of indoor and outdoor daycare space, 3,035-sq.ft of indoor amenity space, and 3,003-sq.ft of outdoor amenity space.

The taller West Building would contain 449 residential units, plus 2,142-sq.ft of retail and over 14,000-sq.ft of indoor and outdoor amenity space.

Pier 27 street view 1024x570 Pier 27

Shared between the two new condo towers, there will be 362 parking spaces and 587 spots for bicycles. A future public park bordering the western side of the development grounds is also slated for the community.

The developer submitted the Official Plan Amendment (OPA) and Rezoning applications to City planners earlier this week, but the proposal documents have not yet been made publicly available.

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Toronto's Waterfront Set to Transform With Addition of Two New Condo Towers

Toronto's waterfront continues to evolve and is set to change yet again with the addition of two new condo towers.

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Tridel was selected to complete The One after the sales process resulted in no bids to buy the project.

The redevelopment of Tsawwassen Town Centre Mall being proposed by Century Group would consist of four towers up to 24 storeys.

The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.