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8 Elm Street Condos
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Condo Project Summary
This new development is an 80-storey condominium proposed for Toronto’s Downtown District by the Pemberton Group. The site for this ambitious proposal sits on the north side of Elm Street, just west of Yonge Street and steps from the vibrant intersection of Yonge and Dundas. 8 Elm Street Condos is slated for occupancy in 2021.
This new condo project is currently occupied by the James Fleming Buildings, heritage structures that are currently being used as office space. Pemberton’s proposal calls for the heritage building’s façade to be retained, which will become a three-storey podium containing commercial space. The tower – reaching 77 storeys – will rise above, boasting a more contemporary feel. Page + Steele/IBI will be designing the tower, which will be slender and wrapped in glass, with projecting balconies on the north and south sides providing an undulating, wave-like pattern.
Before Spending Time On Your Property Search, Our Investment Presentation Seminar Is A Must, And It’s Available Twice A Week.
Amenities
The unit mix for this Downtown District condominium is proposed to consist of 181 studio units:
- 71 one-bedroom
- 179 two-bedroom
- 35 three-bedroom layouts.
7,814 square-feet of amenity space will be spread out over the fourth, fifth, sixth, seventh and 45th floors. On the 4th floor, this indoor space will connect to two outdoor amenity spaces on the north and south sides of the building, each spanning 600 square feet. The indoor amenities on the 45th floor will connect to a spectacular outdoor terrace, spanning 877 square-feet. The terrace will provide dazzling views of the downtown skyline.
The main entrance is planned to be off Elm Street, where an ornate overhang will provide pedestrian coverage. No parking spaces are proposed for this development, but 469 bicycle lockers will be included.
Location & Neighbourhood
Toronto’s Downtown District is an exciting commercial hub that’s been seeing a steady increase of residential growth over the past few years. It’s currently estimated that 200,000 people work in this neighbourhood, which is home to numerous financial and corporate headquarters, along with a selection of upscale restaurants and bars.
As the needs of modern residents evolve, we’re seeing that many people are choosing to live in a location where they can walk or use public transit efficiently to get to work. With the density of employees here, it’s no wonder residential condominiums are being proposed for the neighbourhood.
We’ve seen a massive hotel, condo and greenspace redevelopment proposed for a site just north of 8 Elm Street, along with a handful of other contemporary condominium proposals, although none as tall as this one. To us, this signifies an exciting transformation of this stretch, where modern architecture and A-list amenities meet a vibrant commerce center.
This stretch happens to be just steps from Dundas Square and the newly-renovated Eaton Centre, one of the city’s major shopping destinations. Dundas Square is a major urban hub, lined with restaurants and office space, while the square offers festivals, live music and other attractions all-year-round.
This condminium is also extremely well-served by transit:
- Perfect 100/100 on its Transit Score.
- Steps from Dundas station,
- Two 24-hour streetcar lines running east and west.
- Ryerson University is just across the street and the University of Toronto and OCAD University are minutes away by public transit.
Downtown areas like this command high rental rates and are unceasingly popular with some of the city’s top tenants, thanks to their proximity to world-class shopping, dining, transit and high-density employment districts. If you’re looking for an investment property in one of the city’s most buzzing pockets, this could be your ticket.
Before Spending Time On Your Property Search, Our Investment Presentation Seminar Is A Must, And It’s Available Twice A Week.
8 Elm Street Condo Developer
Pemberton Group is an established developer with a track record of quality projects throughout the GTA. They often favour prime locations close to transit and other urban amenities, while bringing a strong sense of design innovation and contemporary luxury to their buildings.
Read more about Pemberton Group.
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