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Condo Project Summary
Keeping with the trend of mixed-use developments topped by lavish skyscrapers, this new project is set to revitalize the southeast corner of Yonge Street and Gerrard Street East.
Steps from the heart of downtown Toronto, this project has a distinctly urban vibe with plenty of space for upscale retail and dazzling views of the downtown skyline. YSL Residences by Cresford is slated for occupancy in 2023.
Proposed as a striking 85 storey tower, it's currently on track to be one of Canada's tallest buildings. Its slender design pairs contemporary architecture with a selection of iconic heritage storefronts, for a structure that will make a dazzling addition to this rapidly-growing urban stretch.
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This new condominium project will rise from the land at 373 Yonge Street and 3 Gerrard Street, perfectly situated on the vibrant commercial strip of Yonge, while backing on to Ryerson University’s bustling urban campus. Eight properties on Yonge will be redeveloped into a grand, nine-storey podium that will anchor the 85-storey tower, while housing retail, office space and condominium amenities. The current heritage facades will be retained, framing the podium, with the entire project being overseen by architectsAlliance and New York's Kohn Peterson Fox Associates.
In total, the development proposes residential units ranging from studios at 331 to 553 square feet. 1-bedroom suites from 491 to 510 square feet. 1-bedroom plus den suites from 565 - 665 square feet. 2 bedroom suites from 641 - 1,171 square feet and 2 bedroom + den suites from 921 to 1,213 square feet. with 389 allocated for one-bedroom units, 459 for two-bedroom units and 109 for three-bedroom units. Modern open concept kitchens will offer a selection of quartz countertops and xontempoaray kitchen cabinetry, in addition to designer backsplashes. Ensuite master bathrooms will also allow buyers to select designer marble countertops and stylish chrome finishes for the bathroom hardware. 101,000 square feet will be devoted to retail in the podium, along with almost 120,000 for office use. Residential suites will occupy the remainder of the building, from the ninth floor upwards.
A welcoming and elegant lobby off of Yonge Street will set off the ambiance of the entire building. The tower will also feature 24 hour resident dedicated concierge service. Hotel-inspired indoor amenities will be concentrated on the 42nd and 43rd levels. These facilities will offer residents the best in entertainment and recreational lifestyle. The amenity list here will include, a spacious billiard room, a stunning pool, a tranquil yoga room and a gym with top-of-the-line equipment. A state-of-the-art theatre, multiple elegantly appointed party rooms, relaxing spa treatment rooms, a wine cellar and a tasting room. Rounding out the list are elegantly appointed guest suites with the possibility of an outdoor amenity terrace for residents on the ninth floor of the podium.
While renderings show a smooth, glazed facade free of balconies, the building's upper penthouse units feature terraces, as well as private elevators. A 340-space parking garage will offer visitor and resident parking as well as bicycle storage and convenient locker access, all housed underground; along with a knockout panel for a PATH connection, opening up the possibility for direct connection with the subway. This is a unique and contemporary project that pushes the envelope of urban architecture and blurs the boundaries of indoor and outdoor living space, a project sure to become a focal point in the downtown core.
Location & Neighbourhood
The Downtown Toronto neighbourhood is a a great area to consider investing in, thanks to its popularity with a wide range of potential tenants. Ryerson University is down the street and both the University of Toronto and the Ontario College of Art and Design are mere minutes away by transit. High-density employment districts like The Bay Street Corridor, Hospital Row and The Financial District are quite close as well, making YSL a convenient address for professionals who want to minimize their commute time.
At the vibrant Yonge and Gerrard intersection, everything is at your fingertips. Indulge in some retail therapy along the commercial stretch of Yonge, or head two blocks south to the newly-renovated Eaton Centre. Every kind of eatery you could imagine, from healthy grab-and-go joints, to lively bars, to five-star dining lines the stretch. Cinemas, live-theatre, and galleries provide your dose of arts and culture, while the influence of nearby Ryerson University gives the area a youthful, innovative vibe.
With walk and transit scores of 100/100, this neighbourhood is paradise for those who crave a high-energy, urban environment where everything is at their door. Proximity to several streetcar lines, plus two subway stations means some of the city’s best neighbourhoods are just a few minutes away, including the Church/Wellsley Village, Yorkville and Cabbagetown.
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YSL Residence Developer
Cresford is a development firm largely associated with the trend of dressing up residential condominiums with international fashion labels. Their interiors brim with designer finishes and features.
They believe in living spaces that flow from one area to the next and luxuriant amenities that celebrate life and style. Their work, distinguished by elegant, dramatic structures, can be found in close proximity to Toronto’s hottest shopping districts, cultural hubs and A-list enclaves.
Read more about Cresford Development Corporation.
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