Skyline to be altered with proposed tall buildings.
72-Story Twin Towers Proposed on Yonge Street
Toronto’s main thoroughfare, Yonge Street, continues to bustle as Northam Realty seeks rezoning to pave the way for construction of a pair of 72-story, 233-m-tall residential towers at the northeast corner of Yonge and Carlton streets, Urban Toronto reported. Designed by IBI Group Architects, the silvery, modern structures would consist of a seven-story podium topped by an additional 65 stories housing a total of approximately 1,100 residential units. The site is above a subway station and is currently home to a mid-century modern office building, which would be demolished. If they are built, the towers would join several other high rises ranging from 60 to 80 stories along Yonge.
Mixed-Use Development Pitched
A mixed-use development featuring a pair of 32-story, 107-m-tall residential towers at 254 King Street East has been proposed in Toronto’s Financial District, Urban Toronto reported. Owned by ODC Holdings Ltd., the property includes low-rise historic buildings along King, Adelaide and Princess streets, the façades of which would be preserved. The plan is to build several new low-rise buildings along with the towers, which would be situated close together and linked by a pair of glass bridges. Part of an overall resurgence of Toronto’s “Old York” district, they are set to contain approximately 940 residential units along with three levels of underground parking and bicycle storage.