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771 Yonge Street Condos
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Condo Project Summary
This new condo developmnet is a 49-storey condominium in the pre-construction phase proposed by Menkes Development for Toronto’s Yorkville neighbourhood.
The site for this proposal sits on the southeast corner of Yonge Street and Asquith Avenue, just north of the glamorous, internationally-renowned Bloor Street. 771 Yonge Street Condos is slated for a 2021 occupancy.
Combining contemporary suites and over 5,000 square feet of indoor amenities in a growing and highly-coveted luxury district, this project will make a great option for the professional who enjoys the finer things in life.
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The proposal asks for a 49-storey, mixed-use tower, which incorporates an existing three-storey heritage building on the site. This heritage building will form part of a podium, which will house retail space fronting Asquith, a residential lobby off Yonge and both indoor and outdoor amenity space for condominium residents.
The building at is expected to contain 322 residential units in total including:
- 46 studio layouts
- 92 one-bedroom
- 92 one-bedroom-plus-den
- 46 two-bedroom
- 46 two-bedroom-plus-den layouts.
On the second floor of the podium, 2,454 square-feet of indoor amenity space is expected to be included, with an additional 4,596 square-feet of indoor amenity space on the third floor of the tower, which will be connected to the heritage building. The third floor will also incorporate 2,680 square-feet of outdoor amenity space.
No vehicle parking is planned for this development, but 330 bicycle spaces are proposed in a single underground level, which will also provide a pedestrian connection to the Hudson Bay complex, just south of the development, which connects to the subway system.
Designed by Wallman Architects, the renderings for this Yorkville condominium show a slender tower rising above the repurposed heritage structure. This new condominium building will also include professional landscaping by the NAK Design Group.
Location & Neighbourhood
The demand for luxury living in Yorkville is alive and well and shows no signs of stopping anytime soon, judging by the amount of proposals submitted and luxury condominiums under construction in this ritzy neighbourhood.
Bloor Street, just south of this building, is one of the city’s most prominent avenues and this stretch is an internationally-renowned shopping destination, often referred to a “Fifth Avenue North,” thanks to a selection if high-end brands retailers like Holt Renfrew, Tiffany & Co, Gucci, Coach and Hermes.
The street has also recently undergone public realm improvements, such as widened, granite sidewalks, public art installations and new landscaping. Yorkville is also a mecca for upscale dining, galleries and cultural institutions, like the architecturally striking Royal Ontario Museum. It boasts a sleek high-rise corridor and numerous office and commercial skyscrapers, giving it a distinctly cosmopolitan, urban feel.
It’s an area where living space is in extremely high demand and the City’s Growth Plan predicts it will “continue to evolve as a healthy and attractive place to live and work.” Some of the city’s most highly-anticipated condominium developments are slated for the neighbourhood and we’re anticipating a new era for luxury living in this glamorous pocket.
Yorkville is also known for being one of the city’s main transit hubs, one of the only intersections that provides rapid transit access in all four directions. Getting to the Financial District takes mere minutes, along with other major destinations such as Ryerson University, Hospital Row and Union Station.
With acres of lush walking paths in the Rosedale Ravine just north of the neighbourhood, Yorkville really is the best of both worlds.
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771 Yonge Street Condo Developer
A prolific property developer, Menkes has a comprehensive portfolio that spans single family homes, industrial buildings and, increasingly, contemporary condominiums across the GTA. They have strong roots in Toronto and a number of desirable buildings throughout the city, each featuring modern layouts, luxurious finishes and a roster of lifestyle amenities.
Read more about Menkes Developments Ltd.
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