545 Lake Shore Blvd West Condos
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Condo Project Summary
The Waterfront is clearly the ideal place to build and invest, with such prime location in the city’s core with access to everything it has to offer. 545 Lake Shore Blvd West Condos is a Modern addition to Toronto’s already bustling waterfront.
Canderel’s newest development, is projected to stand on the southeast corner of Bathurst St and Lake Shore Blvd W. This high-rise project is an anticipated mix-use residential development that will fit right into the chic neighbourhood.
Located in the west harbourfront area, investors will want to take notice of the impending addition to the urban area that doesn’t seem like it will be slowing down any time soon. The urban lakeside neighbourhood is constantly updating itself, and this new development is representative of that.
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Designed by Graziani + Corazza Architects and Sweeny &Co Architects, the development’s site of 1.8. acres is currently home to the heritage Crosse & Blackwell Building. It is slated to be replaced by two new towers.
The building is the last untouched Art Deco structure to stand on the Bathurst Quay.
It was priorly restored by Rogers who purchased the site in the 1970’s. They are currently occupying the property, utilizing it as a television studio and media studio.
As the planning is currently in the early stages, various options have been presented for the development. All three options will treat the site’s podium similarly, utilizing the site’s heritage hexagonal pavilion. The west, north, and east facades are all expected to be maintained, and utilized in the podium. What will be removed is the non-heritage facade fronting the lake. Other aspects that will be preserved include the existing building’s upper floor levels.
The ground floor of the project will be home to retail spaces, with a northwest connection to the heritage hexagonal pavilion in the form of a “Market Hall.” A new main entrance is anticipated to stand at the site’s southeast corner.
Investors will want to take noite of the variety of office, retail and residential spaces available in the towers. Office spaces will be located on the podium’s second and third floors.
What’s currently being explored by architects is the current above grade ground floor, as architects are looking into into the option of lowering the ground floor level. This is expected to help direct street level entrances into the retail spaces. Apart from these elements, all three presented options vary greatly.
Option 1 is heavily inspired by the heritage building’s hexagonal form. This option presents the podium as extended from the existing building front in a loose hexagonal shape. This option calls for a new hexagonal pavilion with the southeast corner of the site acting as home to an atrium. This would mirror the pavillion and act as the Market Hall’s second main entrance. Two identical irregular hexagonal towers would stem from the four-storey podium. The south tower would ideally stand at 33 storeys and 115 metres, with the north standing at 38 storeys and roughly 130 metres. The residential units would reside in the aforementioned towers, with the upper podium levels housing amenity and lobby spaces.
Option 2 and 3 were designed with the city’s comments on the initial proposal in mind, with specific alterations to the concept behind the podium. The city would like the building to sit parallel to the east side property line, and align with the west side’s heritage facade. In either case the podium would have the floor built out to the street. The upper three floors would have a C shape, setting it apart from Option 1. The latter two options would also see a bigger difference in the mass of the two towers.
Option 2 would boast a cascading profile created by stepped terraces, setting it apart from other buildings in the area. The south tower would stand at 75 meters and 22 storeys, with the north being 115 meters tall and 33 storeys.
Option 3 would see an aesthetic of stacked and rotated boxes created by expansive terraces that step up to the towers. The north tower would stand a 133 meters and 39 storeys, while the south would stand at 65 meters with 17 storeys.
Canderel's Chief Operating Officer, Ben Rogowski, said of the project in a statement that "545 Lake Shore and the urban lakeside community in which it is located offer our company yet another opportunity to bring positive change to one more iconic Toronto neighbourhood through distinctive design and smart urban planning."
Location & Neighbourhood
You really can’t beat the central location of this development. Boasting a walk score of 87/100, transit score of 95/100, and bike score of 100, you would really be able to get anywhere in the city however you want. By public transit, foot or cycling -- you name it. Really, the possibilities are endless.
There is truly no better location to navigate the city from. Students and business professionals alike will enjoy being steps away from Union Station and different bus routes.
Early morning and late night classes will be no object for students who will be able to get to and from the city’s major university campuses with ease. Universities like Ryerson, OCAD and University of Toronto are all nearby, with York University easily accessible due to the subway extension.
Business professionals will also enjoy being centrally located in the city, with incredible access to the options offered by all of Toronto’s business hubs like the Financial District and Entertainment District.
The opportunities for picnics and scenic strolls are endless, with nearby parks such as Little Norway Park, Stadium Road Park, Canoe Landing, Coronation Park and Ireland Park. Residents will also be able to grocery shop with ease, thanks to the nearby flagship Loblaws location. Proximity to Billy Bishop Airport will also be incredibly advantageous, especially for business professionals always on the go.
The development will also greatly benefit from other plans to renovation the area -- including an expansive $128 million dollar planned street renovation. This will involve improvements of landscaping, separated bike lanes and brand new sleek granite walkways.
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545 Lake Shore Condo Developer
Canderel is an award-winning developer with two decades and various projects across Canada under their belts. They are responsible for the marketing, selling and delivering of over 7,5000 condominium suits in Toronto. They been the creators of some of the most iconic residential developments to grace the city, including recognized projects not limited to DNA, DNA2 and DNA3 condominiums, and Massey Harris Lofts.
Their other notable projects are not limited to the Residences of College Park 1 and 2 in Toronto’s College park Community and Aura. The latter which, at 80-storeys, is Canada’s largest condominium tower. Canderel is celebrating 43 years of operations, after making their mark with landmark projects all over Canada including Montreal, Calgary, Toronto, Ottawa, Vancouver and Edmonton.
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