Toronto Condo Tower Could Rise Even Taller

Real Estate News

Toronto Condo Tower Could Rise Even Taller
TorontoCondoDevelopment
  • 📰 blogTO
  • ⏱ Reading Time:
  • 29 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

A planned condo development in downtown Toronto, initially approved for 39 storeys, might become even taller after its developer, Devron Developments, applied to add 11 more floors. The project, located at 101 Spadina Avenue, features a unique brick-clad design with arches, inspired by the surrounding architecture. Despite a slowdown in the condo market, Devron is confident in future demand and aims to increase the tower's height to 50 storeys, adding 77 more units and a rooftop terrace with panoramic city views. The development also includes public benefits like a new park, a pedestrian walkway, and an underground parking lot.

A large-scale condo development planned for a busy downtown Toronto intersection could rise even taller following an application from the project's developer to add several storeys to the plan.

Sales for 101 Spadina launched back in April, 2024, and the development is now reportedly 28 per cent sold. What was previously a 39-storey plan has now been upped to 50 storeys, outlined in an application seeking a zoning bylaw amendment tabled in early 2025. The building's exterior expression has been retained from previous plans, with a planning document explaining that the updated plan "continues to reference the scale and detailing of nearby heritage buildings, in the form of a contemporary, contextually-appropriate tall building."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

blogTO /  🏆 44. in CA

Toronto Condo Development Height Increase Public Benefits

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toronto Condo Market Presents Buying Opportunities in 2025Toronto Condo Market Presents Buying Opportunities in 2025TRREB's chief market analyst, Jason Mercer, predicts a favorable market for homebuyers in the Greater Toronto Area (GTA) during the first half of 2025, particularly for those seeking condos. Increased new condo listings outpacing sales in 2024 provide buyers with more negotiating power, a trend expected to continue. Mercer also highlights the impact of recent interest rate cuts by the Bank of Canada, easing financial pressure and encouraging activity.
Read more »

Toronto Condo Tower Plans Take Flight After Decade-Long DelayToronto Condo Tower Plans Take Flight After Decade-Long DelayPlans to replace a midtown Toronto office building with a 55-storey condo tower have resurfaced after a decade of revisions and delays. Developer State Building Group, aiming to redevelop its property at 55 Eglinton Avenue East, initially proposed a 47-storey mixed-use tower in 2014. The project faced setbacks due to concerns over employment space loss, leading to revisions that retained office space and increased the height to 50 storeys in 2017. However, activity stalled until December 2024, when updated plans were filed seeking a further increase to 55 storeys.
Read more »

Toronto Condo Battle: Delayed Listing Catches Buyers' EyeToronto Condo Battle: Delayed Listing Catches Buyers' EyeA two-bedroom plus den condo in Toronto's Harbour View Estates sold for $955,000 after a strategic delay in its listing. The listing occurred after a similar unit on a higher floor sold for $930,000, attracting buyers seeking the desirable floor plan and views.
Read more »

Toronto condo owner fights court order to sell her homeToronto condo owner fights court order to sell her homeWhile it’s relatively rare for a court to force owners to sell condo properties over extreme or anti-social behaviour, the case highlights the potentially heavy cost of failing to get along with your neighbours
Read more »

Toronto Condo Sales Plunge to 1996 Lows as Investor Demand EvaporatesToronto Condo Sales Plunge to 1996 Lows as Investor Demand EvaporatesSales of new condo units in Toronto have plummeted to their lowest point since 1996, marking a historic shift in the city's real estate market. The decline, fueled by a pullback from individual investors who have long driven condo purchases, highlights the impact of falling rents and rising interest rates. Transactions of new condos in Toronto fell 64% in 2024, with only 10% of units launched for presale in the last quarter of the year finding buyers. This has resulted in a record high of 24,277 unsold units in development and a forecast for reduced new housing supply in the coming years.
Read more »

Toronto's Pre-Construction Condo Market Faces Worst Year in DecadesToronto's Pre-Construction Condo Market Faces Worst Year in DecadesToronto's pre-construction condo market experienced its most challenging year in three decades in 2024, marked by a significant decline in sales and prices, driven by investor unease and an oversupply of unsold units.
Read more »



Render Time: 2025-02-14 20:19:09