Condo market still thriving in Toronto despite COVID-19: DataBid outlines seven projects under-way

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Ontario Construction News staff writer

Despite COVID-19 and some speculation that there may be a trend away from relatively dense high-rise condos, indications are that the Toronto condo market is still thriving.

Toronto Storeys reports the condo apartment market continues to have the highest activity out of every housing segment, recording 1,536 transactions in August, up a staggering 9.2 per cent year-over-year.

Here is a listing from DataBid.com of the tallest condo developments in the Toronto area launching this fall:

  1. 89 Avenue Condos

89 avenue condosArmour Heights Developments plans to build the 20-storey 89 Avenue Condos in Yorkville  at Avenue Road and Bloor Street. Architect Richard Wengle and interior designer Brian Gluckstein have come together to design 35 luxury suites that range from one to three bedrooms and start at the $3 million.

The launch date is still to be announced.

  1. Brightwater Condos

Brightwater CondosBrightwater is a multi-phased waterfront community in Mississauga’s Port Credit neighbourhood with 2,995 new residential units comprised of townhomes and apartment units. Brightwater will also have commercial, institutional and open space uses. The development is located at 70 Mississauga Rd. South.

Developers are Kilmer Group, Dream Unlimited, Diamond Corp., Fram Building Group, and Slokker Real Estate Group. Architects are Giannone Petricone Associates Inc., Public Work, Diamond + Schmitt Architects Inc., Turner Fleische Architects, Superkul and COBE Architects. There will be five buildings with 19, 23, 25, 26, and 29 storeys in height. Prices will start from the high $300,000’s. Exact launch date is still to be announced and the estimated occupancy date is 2023.

  1. Burke Condos

Burke CondosConcert is developing the 53-storey Burke Condos at 603 Sherbourne St. in Toronto will have 501 new units ranging from studios to three-bedrooms

Architect IBI Group has designed the structure, with an estimated occupancy date still undetermined.

  1. Condominiums at Square One District (Phase 1)

square 1 districtWhen completed, this 130-acre community in Mississauga City Centre, will offer residents the choice of either condominium ownership or rental residences. Building A (395 Square One Dr.) and Building B (4235 Confederation Parkway). Phase One will be the first building which will be 45 storeys high and are launching this month.  Estimated occupancy date has still not been announced.

Developers are Daniels Corporation and Oxford Properties and the architects are Hariri Pontarini and IBI Group. The project will be have 539 suites, ranging from studios to two bedroom plus dens. There will also be 8,400 sq, ft,  of retail at grade and a kids’ zone for children, both indoor and outdoor as well as a craft studio, homework space, active zones and toddler areas.

  1. Festival Condos

Festival CondosThe development will span more than 100 acres with open-air promenades, gathering spaces and greenery. When it is completed, it will have 2,500 units in four buildings with 40, 45, 55 and 66 storeys.

The developers are Menkes and QuadReal and the architect is IBI Group. Units will range from one to two bedrooms and will start in the $400,000s. Launch date is the fall of 2020 and the estimated occupancy date is tentatively set for 2024.

  1. Galleria III

Galleria IIIGalleria on the Park, a redevelopment of the existing Galleria Shopping Centre, will be constructed in eight phases. This is the third phase which is expected to be launched in the fall of 2020 and is located at 1245 Dupont St. in Toronto. When it is completed, there will be nearly 3,000 units spread throughout eight mixed-use buildings that will be 31 storeys high.

The developer is ELAD Canada and the architects are CORE Architects Inc., Hariri Pontarini Architects and Perkins + Will. Designers are U31 and Public Work. Estimated occupancy date is to be announced shortly. There will be 300,000 sq. ft. of retail space, an 8 acre park that connects to an almost 100,000 square foot community centre and an outdoor ice skating rink.

  1. Queen & Ashbridge Condos

Queen and Ashbridge CondosTeeple Architects and Mason Studio designed QA Condos to resemble a sun-washed hill-town, scattered with interlocking terraces and wellness amenities such as a 5,000 sq. ft. fitness studio, spin and yoga studios, a sprawling outdoor terrace and co-working stations.

The building at 1555 Queen St. E. In Toronto will have 771 units ranging from studios to 3 bedrooms and will be 17 stories high. The launch date is September of 2020 and the estimated occupancy date is set for 2023. Queen Ashbridge will be a mixed-use 3.3 acre community.

There will also be 17,000 sq. ft. of ground level retail space. The building will also feature terraces and a valley between the two buildings which will offer views of Lake Ontario.

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