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Lakeside Residences

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Location
215 Lake Shore Blvd East, Toronto, ON M5A 3W9
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Condo Project Summary

Lakeside Residences is a pre-construction condominium development in Toronto’s rapidly-transforming East Bayfront neighbourhood. It will include two striking condominium towers, along with townhomes and a collection of low and mid-rise buildings. Developed by the Canadian arm of Greenland Group, Lakeside Residences is slated for completion in 2020.

These East Bayfront condominiums will occupy 3.8 acres just west of Lower Sherbourne Street. The project made major headlines when it was announced that Greenland Group – a prolific development firm with roots in Shanghai and projects all over the world – had purchased the underutilized land from two of Toronto’s top developers.

Lakeside Residences
New Condo Project by Greenland Group

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Amenities

Most recently, it’s been revealed that Hariri Pontarini will be designing the project, a Toronto-based architectural firm that is truly visionary, responsible for some of the most high-end condominiums, houses and cultural institutions across the globe.

In total, This new building will house 700 units, including two main condominium towers, standing 50 and 40 storeys. These towers will occupy the eastern portion of the site and be designed to compliment each other as one sculptural element. As David Pontarini explained, these towers draw inspiration from two sails on a sailboat with a design that appears to catch the wind and features gently curved exteriors.

The western portion of the site will involve a mix of townhomes and mid-rise buildings, with possible retail or commercial space. The entire community will be designed to compliment the burgeoning pedestrian environment of the East Bayfront, with an arching pedestrian walkway that will connect 215 Lake Shore Boulevard East to a new arts and cultural development to the west, and to Sherbourne Commons to the east.

Pre-construction condominium development in Bayfront neighbourhood

Location & Neighbourhood

Condos in the East Bayfront neighbourhood present a great investment opportunity. The pocket is part of what we call the “Lower Yonge Precinct Plan,” an ongoing planning project spearheaded by Waterfront Toronto and the city to address the substantial growth expected for the area.

A picturesque location right on the shore of Lake Ontario, it’s an area that is ideally located, but has been underutilized until recently. One of the most recent transformations the neighbourhood has seen is the Queen’s Quay revitalization. This project saw the introduction of a tree-lined, multi-use promenade created along the waterfront, now popular with walkers, joggers and cyclists. In addition, a new streetcar service was added, which now connects Union Station to the East Bayfront area.

There are several developments along this corridor either in the construction or pre-construction phase, including a large arts-and-culture-inspired project that will see new campuses for both OCAD and George Brown, as well as gallery space and a retail and restaurant galleria. Just to the west, another development will add significant office space, creating room for approximately 2,000 jobs.

The Financial District, where it’s estimated almost 200,000 people work is only minutes away by streetcar, as is the historic St. Lawrence Market and the velvety shores of Cherry Beach, a popular entertainment and relaxation spot in the summer.

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Lakeside Residences Developer

The Greenland Group is a Shanghai-based development firm with global reach. Since 1992, they’ve experienced a steady growth in market expansion and now have properties all over the world, including London, Paris, Melbourne, New York and Toronto. Considered one of the largest international developers, they specialize in large-scale projects that often include condominiums, hotel and commercial space in dense urban centres. This is their second development in downtown Toronto.

Read more about Greenland Group.

Greenland Group

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