YSL Residences
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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 2021.
Proposed as a striking 1,128-foot tower with 98 storeys, it's currently on track to be Canada's tallest building. 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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Amenities
This new condominium project will rise from the land at 363-391 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 98-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 957 residential units, with 389 allocated for one-bedroom units, 459 for two-bedroom units and 109 for three-bedroom units. Square footage will range from 538 to a whopping 2,000 square feet for select penthouse suites, with an average two-bedroom spanning 860 square feet. 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. Indoor amenities will be concentrated on the 42nd and 43rd levels, 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 be 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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