With this new luxury housing set to redefine downtown Toronto’s skyline, you can live the ideal urban lifestyle. RioCan Living’s new project is currently under construction at 126 John Street, near Richmond Street West. RioCan Hall Redevelopment is a mixed-use project in the Entertainment District of Toronto.
As an adventurous reimagining of the existing RioCan Hall, this opulent redevelopment aspires to be the city center’s preeminent condominium. This new complex, designed to be a model of forward-thinking design and urban practicality, will provide its residents and the general public with endless comfortability.
This complex will primarily consist of two condo towers, each 39 and 40 stories tall, with a total of 613 residential units and seven floors dedicated to office space. The towers will be connected by an articulated 7-story podium that will house a daycare, a grocery store, and an eight-auditorium theatre complex, attracting a broader clientele to what will undoubtedly be a bustling pivotal destination.
Not only that, but this eye-catching project seeks to build on the site’s illustrious history as a notable downtown destination. The northwest area of this redevelopment will include a 744 sq m park open to the public. The initiative also strives to increase the public realm by allowing for wider sidewalks, street-level trees, and bike parking on the ground floor. Simultaneously, the redevelopment will provide ground-level retail and restaurant space to support John Street’s continuous function as a commuter avenue.
The future occupants of this high-end condo stand to gain the most from the unrivaled location of this address in terms of the benefits this new project will provide to the immediate neighborhood.
Three-fifths of all condo living spaces will be one-bedroom units. Architectural drawings show that one of the towers will have rounded corners and setbacks on many floors, resulting in spacious terraces for select units. The redevelopment will include 1,226 square meters of indoor facilities and 1,491 square meters of outdoor amenities on the sixth and eighth floors of the two condo complexes. A two-story underground garage will house 304 car parks, 149 of which would be reserved for occupants.
Each tower’s house and the site’s office space will have a separate lobby. The first and second floors of retail space are expected to be 5,953 and 5,993 square meters, respectively, while the third-floor three-story-high theatre will be 6,377 square meters. Meanwhile, these offerings will be supplemented by a 1,335-square-metre childcare center with its open-air rooftop play area.
With the entire downtown core waiting just outside of the door of this address, it’s no exaggeration to say that this redevelopment is in the heart of Toronto. This is a condo situated in a prime location in Downtown Toronto that has a superb Walk Score of 99, indicating that it is a Walker’s Paradise for which everyday errands do not necessitate the use of a car.
There are many main attractions, fine dining, retail establishments, and renowned cultural hotspots from the condo buildings located at Richmond and John.
The Princess of Wales Theatre, the Art Gallery of Ontario, the Royal Alexandra Theatre, Roy Thomson Hall, and the TIFF Bell Lightbox are all nearby world-class theaters and museums.
Nonetheless, the comfort of downtown isn’t limited to nearby amenities. This condo spot has received an unassailable Transit Score of 100, indicating it has world-class mass transit.
Residents can walk to the TTC subway system at Osgoode Station in just 6 minutes. At the same time, Union Station, the central transportation hub, is only 15 minutes away, enabling travelers to reach Pearson International Airport, among other destinations, in under 50 minutes. And, if that isn’t enough, residents can get about by taking any of the nearby downtown streetcar lines.
RioCan Living has been the largest Real Estate Investment Trust in Canada since 1993 and has become a well-known name in the national commercial development industry. RioCan Living has continued to expand into the thriving condos industry with several recent mixed-use developments, with retail revitalizations located throughout Toronto for top companies such as Loblaws, Indigo, and Shoppers Drug Mart.
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