This new 37-story tower with residential, office, and retail space is coming to Toronto’s prestigious midtown neighborhood.
RioCan Living’s 2323 Yonge Street is a new high-rise condominium development in Toronto. This pre-construction mixed-use condo tower will soon rise in Midtown at 2323 Yonge St., in the Yonge and Eglinton neighborhood, on the northeast corner of Yonge Street and Roehampton Avenue.
The envisaged 37-story tower, situated in the North-East corner of Yonge Street and Roehampton Avenue, includes residential, office, and retail space. The apartment will have 380 units, which will include studios, one-bedroom, two-bedroom, as well as three-bedroom units.
The 2323 Yonge Street Condos will be 37 stories tall with a 10-story base, with the first five stories used as a mixed-use office and retail space. The proposed building’s non-residential component on floors 1-5 consists of a double-height basement level retail area with four stories of office space above.
The sixth floor is envisaged to have 760 sq m of indoor amenity area and 570 sq m of outdoor amenity area, with the remaining 380 units located on floors 7-37. There will be 56 bachelor units, 203 one-bedroom units, 83 two-bedroom units, and 38 three-bedroom units in the layout. The framework has been proposed to be generally square, with large curved glass windows on the first five floors.
Floors 11-37 will feature curved porches with contrasting windows, giving it a distinct appearance. It will have frontals 47.2 meters along Roehampton Avenue on the south and 42.6 meters along Yonge Street on the west.
This project calls for 419 bicycle parking spaces and 65 vehicle parking spaces in a two-story underground parking garage. Roehampton Avenue provides access to the garage parking.
2323 Yonge Street Condos is located in Midtown Toronto’s Yonge-Eglinton neighborhood. It is one of four commercial areas outside of downtown that include a financial district, vibrant nightlife, recreation, upscale shopping centers, parks, pubs, bars, and even five-star dining. It is a trendy area that is always bustling with activity and people who look to socialize.
With a transit score of 91, the neighborhood is well served by public transportation. Numerous bus routes run around and into the area. Eglinton Avenue, Yonge Street, and Avenue Road connect to Eglinton Station, the area’s primary subway depot.
The neighborhood is close to top-tier private and public schools, as well as recreational facilities and parks. There is plenty of green space, including St. Clements-Yonge Parkette, Glebe Manor Square West, Sherwood Park, ravines, and other outdoor activities.
Because of its posh residences and luxury lifestyle, this area is highly sought after by young professionals. Keeping this in mind, the condo should be designed to fit in with Ontario’s A Place to Grow: Growth Plan for the Greater Golden Horseshoe and the Greenbelt Plan, which are both aimed at increasing housing supply, creating jobs, and providing healthier, more low-cost housing for individuals of all ages.
RioCan Living is a Toronto-based property development company and builder. They have been one of Canada’s largest and most trusted Real Estate Investment Trusts since 1993. Their primary focus is on retail properties, with ownership interests in 338 properties across Ontario and Alberta and procurements in the northwest United States and Texas.
Recently, CEO and Founder Edward Sonshine, a former real estate lawyer, has begun dabbling in Toronto’s thriving residential condo market by constructing several mixed-use developments. They are dedicated to listening to the communities in which they operate and boosting the distinct culture of each neighborhood.
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