There is a brand-new 16-storey mid-rise condo coming to Toronto at 485 Wellington Street West. Located at the southwest corner of Wellington and Draper Streets, between Bathurst and Portland, this Lifetime Developments pre-construction property is situated at 485 Wellington St.
This proposal asks for 14 storeys of residential space on the top two floors of retail space. There will be 117 residential apartments built, with 57 one-bedroom homes, 28 two-bedroom units, and 32 three-bedroom units.
The first floor of the building will contain a retail space of 3,853 square feet and a residential lobby accessible from Draper Street. As well as retail space of 1,969 square feet, the second level will provide 4,000 square feet of inside facilities for condominium residents and a 3,530 square foot outdoor patio connected by a sky bridge.
An underground parking garage will comprise 34 parking spots and 144 bike lockers. An eleven-story building with terracing back from the 12th to 16th levels is proposed for 485 Wellington Street West, which will allow for maximum sunshine and complement the Draper Street Conservation District in the adjacent neighborhood.
Part of downtown Toronto’s “urban growth hub” is located in the Fashion District, which is bounded to the north by Queen Street West and south by Front Street. The city is projecting and planning for even more significant growth in the downtown area, making it a good idea to invest in new buildings.
Fabric and textile manufacture had a strong presence in the Fashion District due to its closeness to the city’s railyards, which gave the area its name. Even today, many of the brick factories and warehouses still line the streets, some of which have been converted into apartments or art galleries and restaurants or offices for IT and creative companies.
Contemporary condominiums and some of New York City’s most popular bars and clubs are nestled among this cluster of historic structures.
Infill development around 485 Wellington Street West has recently been sought after, and this trend is expected to continue. Nearby, two substantial mixed-use complexes are being considered to add a substantial amount to the area in terms of new residential, commercial, and public realm amenities.
King Street, Spadina Avenue, and Queen Street have 24-hour streetcar services. There is also a TTC Subway station at St. Andrew station, a branch of the University-Spadina Line 1 of the system. Many additional modes of public transportation may be found close by the condominiums.
Any portion of Toronto is easily accessible to those who own a car. The Gardiner Expressway, Lake Shore Boulevard, and the Don Valley Parkway are all easily accessible. The Queen Elizabeth Way (QEW) and major highways 401 and 427 are accessible through these routes.
Lifetime Developments has been building some of Toronto’s most talked-about hotspots throughout the last three decades. They have a knack for spotting areas ripe for development and bringing them back to life. Lifetime is one of the city’s most well-known contemporary condominiums and hotels developers, combining cutting-edge design with exceptional customer service and a strong sense of social and corporate responsibility.
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