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The Addison Residences On Portland
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Condo Project Summary
This project will be a mixed-use building, featuring condominium suites along with retail and office space.
The Addison Residences On Portland is a mid-rise 16-story mixed-use condominium by the ADI Development Group for Toronto. This pre-construction project is located at 135 Portland St, a block just south of Richmond Street West in Fashion District neighbourhood.
The developers have indicated they are looking to incorporate a selection of compact and efficiently-laid out condominium suites, mostly with studio or one-bedroom layouts.
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The Addison Residences On Portland make a great option for investors who are looking for an income property in an area popular with young professional tenants who work in the creative, tech or media fields and appreciate the high-energy downtown lifestyle.
The development will also include 3,500 square-feet of retail space on the first and second floors, and two levels of office space on the third and fourth, making it a truly mixed-use condominium.
The building’s design concept will reflect the area’s rich history as an industrial district, featuring prominent brick and oversized windows, complimenting many of the existing warehouses that populate the neighbourhood.
Location & Neighbourhood
The Addison Residences On Portland has the advantage of being located in a vibrant neighbourhood undergoing growth and tasteful development. Thanks to its proximity to the Entertainment District, some of the city’s most A-list-worthy bars, restaurants and clubs are within walking distance, not to mention a trendy collection of galleries and theatres.
Once home to the city’s primary textile manufacturing hub, this urban pocket still maintains many of its original structures, some of which now house trendy loft condominiums while others house restaurants, art galleries and high-end offices for creative and technology-based organizations. It’s also an area that’s part of Toronto’s downtown urban growth centre, meaning it’s slated to get a significant amount of the area’s expected growth.
This neighbourhood scores an enviable 98/100 on its Walk Score and a 100/100 on its Transit Score, to the surprise of nobody. All your daily needs are within walking distance and the site is a few minutes’ walk to both the Queen and King streetcars, which connect you with the entire city.
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The Addison Residences On Portland Developer
ADI Development Group brings a fresh and youthful approach to development in the GTA. Their growing portfolio spans from trendy lakefront condominiums to urban townhomes and includes several neighbourhoods throughout the region. A recipient of a 2016 BILD award, this firm continues to push themselves as they get ready to make a splash in Toronto with their latest condominium.
Read more about ADI Development Group.