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Condo Project Summary
With the rise of multi-use developments, it is always exciting to see how these new projects are urbanizing different areas around the Greater Toronto Area.
Glenhill Condominiums is a pre-construction building headed to the Glen Park neighbourhood of North York. Developed by Lanterra Developments, the project will stand 10 storeys tall and house condos, retail space, and even hotel suites.
Investors will want to make note of this upcoming development that has a little bit of everything. It’s location in Toronto’s urban midtown makes it the perfect middle point for students and professionals commuting all around the GTA.
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This tower designed by IBI group boasts an incredibly modern exterior, with large window panels that make for an appealing mixed-material aesthetic. Its geometric design also makes it well suited to the modern and luxurious neighbourhood, while also standing out as unique.
The building will house a total of 94 units, comprised of two-bedroom units and three- bedroom units. It will also include a hotel with 26 suites, as well as 1,020 m2 of retail/commercial space at floor level. All units will come complete with private balconies and terraces. The project will be comprised of a gross floor area spanning 247,893 square feet, a commercial gross floor area of 20990 square feet, and 10980 square feet of retail gross floor area.
Residents will have access to a proposed 128 parking spaces, while visitors will have an addition 50 parking spaces available. Cyclists will also be able to make the most of parking spaces, with 94 allocated for residential units. The retail units will have 10 bicycle spaces.
A public park has been proposed for the development, as well as 2434 of indoor and outdoor amenity space. The latter will be found on the second and ninth floor, in the form of landscaped decks servicing all residents. Scenic green roofs will also be found on the tower’s higher levels.
Location & Neighbourhood
The location of the development is a top notch, being a short thirteen minute walk to Glencairn Station on the subway’s Line 1 servicing Yonge and University. It will also be nearby the upcoming Forest Hill station along the Eglinton LRT. For further reach across the city, a variety of bus routes will also be accessible from the site.
This will be appealing to students who want to live out of the city but require easy access to Downtown’s major university campuses like Ryerson, University of Toronto and OCAD. York University specifically is minutes away. It’s worth noting this development is bound to attract students as it is less populated than projects immediately by campuses. Additionally, the building’s plentiful two-bedroom units ensure the option for roomates.
Young professionals will also benefit from having seamless access to the entertainment and job hub that is the downtown core, while also being able to be removed. Growing families looking to set roots in the area will also love this development. In addition to its wealth of two bedroom suits for a family’s expanding needs, the site is also nearby schools like Bialik Hebrew Day School.
Although being close to Line 1 ensures access to all the entertainment and culture the city has to offer, the immediate area is also wealthy in weeknight and weekday options for relaxing and exploring. For one, Yorkdale mall is a couple subway stops away and a mere 10 minutes driving.
The centre is packed with a wide variety of retailers to suit all budgets -- choices include Aritzia, H&M, TopShop, Uniqlo, Ted Baker, Zara, and Nordstrom among many others. The mall also makes the perfect option for a day adventure. It houses an impressive food selection in the expansive food court as well as restaurants like Joey, Moxies and The Cheesecake Factory. If you’re really looking to fill your day, there is also a movie theatre in the mall.
However, you don’t even need to go to Yorkdale for dining options. The immediate area around the development includes diverse choices like La Mexicana, and Pantry. Food-centric areas like Yonge and Eglinton -- and also Yonge and Lawrence -- are also a few minutes drive away.
Investors will want to keep their eye on this central location that will appeal to students, young professionals and growing families alike.
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Glenhill Condominium Developer
Lanterra Developments has been in the industry since 1999, making a name for themselves by building an array of significant communities in the GTA. They work with a focus on location, architecture and design.
Their developments are known for being packed with incredible amenities that suit the lifestyle of residents. The developer isn’t just in the business of developing projects -- they strive to make a substantial impact by building structures that reflect
their vision of Toronto as a global city with the future in mind.
Read more about this developer.
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