Plans 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.
Plans to tear down a midtown Toronto office building and construct a soaring condo tower have been in the works for a decade now, and a new plan filed with the City last month could finally result in big changes just east of the Yonge and Eglinton intersection.
The City refused that early plan, citing its elimination of employment space in favour of residential. This led to a revisions tabled a few years later that retained office space and increased the overall height to 50 storeys. An early December application for the site now seeks Official Plan and zoning by-law amendments to permit a 55-storey tower at 55 Eglinton East, a five-storey increase over the approved plan.
The revised plan would rise to a height of over 180 metres, and would join a growing corridor of similarly-scaled high-rises lining the central stretch of theWhile the loss of office space was a key point of contention between the City and developer during the early planning process, the commercial marketThe increase in storeys and slashing of commercial space has resulted in a higher unit count than earlier versions of the plan.
CONDO DEVELOPMENT TORONTO OFFICE BUILDING REDEVELOPMENT
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