8 Elm Street Condos Summary
This new development is an 68-storey condominium proposed for Toronto’s Downtown District by the Reserve Properties. The site for this ambitious proposal sits on the north side of Elm Street, just west of Yonge Street and steps from the vibrant intersection of Yonge and Dundas.
This new condo project is currently occupied by the James Fleming Buildings, heritage structures that are currently being used as office space. Proposal calls for the heritage building’s façade to be retained, which will become a three-storey podium containing commercial space. The tower – reaching 77 storeys – will rise above, boasting a more contemporary feel. Page + Steele/IBI will be designing the tower, which will be slender and wrapped in glass, with projecting balconies on the north and south sides providing an undulating, wave-like pattern.
7,814 square-feet of amenity space will be spread out over the fourth, fifth, sixth, seventh and 45th floors. On the 4th floor, this indoor space will connect to two outdoor amenity spaces on the north and south sides of the building, each spanning 600 square feet. The indoor amenities on the 45th floor will connect to a spectacular outdoor terrace, spanning 877 square-feet. The terrace will provide dazzling views of the downtown skyline.
The main entrance is planned to be off Elm Street, where an ornate overhang will provide pedestrian coverage. No parking spaces are proposed for this development, but 469 bicycle lockers will be included.
Location & Neighborhood
Toronto’s Downtown District is an exciting commercial hub that’s been seeing a steady increase of residential growth over the past few years. It’s currently estimated that 200,000 people work in this neighbourhood, which is home to numerous financial and corporate headquarters, along with a selection of upscale restaurants and bars.
As the needs of modern residents evolve, we’re seeing that many people are choosing to live in a location where they can walk or use public transit efficiently to get to work. With the density of employees here, it’s no wonder residential condominiums are being proposed for the neighbourhood.
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We’ve seen a massive hotel, condo and greenspace redevelopment proposed for a site just north of 8 Elm Street, along with a handful of other contemporary condominium proposals, although none as tall as this one. To us, this signifies an exciting transformation of this stretch, where modern architecture and A-list amenities meet a vibrant commerce center.
This stretch happens to be just steps from Dundas Square and the newly-renovated Eaton Centre, one of the city’s major shopping destinations. Dundas Square is a major urban hub, lined with restaurants and office space, while the square offers festivals, live music and other attractions all-year-round.
Downtown areas like this command high rental rates and are unceasingly popular with some of the city’s top tenants, thanks to their proximity to world-class shopping, dining, transit and high-density employment districts. If you’re looking for an investment property in one of the city’s most buzzing pockets, this could be your ticket.
8 Elm Street Condos Highlights:
- Has a walkscore of 100/100: walkable EVERYWHERE
- Located in the Bay Street Corridor neighbourhood in Toronto
- 4 minute walk from Dundas Station
- 4 minute walk to Ryerson University
- Walking distance to Eaton Centre and Dundas Square
- 7 minutes drive to University Of Toronto St. George Campus
- Close to shops, restaurants and schools
- Has a transit score of 100/100: world class public transportation
- Nearby parks include Larry Sefton Park, College Park and Joseph Sheard Parkette
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