Forma Condos Summary
This new condo project has access to a vibrant artistic hub that contains creative offices, retail, a public art gallery and a new campus for the Ontario College of Art.
FORMA Condos is a new mixed-use high-rise condominium development in Toronto. This new pre-construction project by Dream, Great Gulf, Projectcore and Wesdale Propertiesproject is located at 260 King Street West, bordered to the east by Ed Mirvish Way and to the west by John Street in the Entertainment District.
The application proposes an 84-storey building for the east portion of the site, and a 73-storey building for the west portion.
This new condo development includes over 85,000 square feet of unlimited potential for retail opportunities, from international brands to trendy restaurants, to locally-based boutiques. In addition to 115,000 square feet of commercial space, right on the King streetcar line, the complex will also become a hotspot for employment opportunities.
The incorporation of an arts facility for OCAD students presents a unique aspect to this Entertainment District condominium. The 25,000-square foot facility – to be officially named “The Princess of Wales Centre for Visual Arts at OCAD University” will consist of studios, seminar rooms, a gallery and public theatre and lecture hall.
Not content to just be part of this vibrant Cultural Corridor, FORMA is helping ensure the future of Toronto’s reputation as a hub for the creation, study and exhibition of art. The proposal also provides for an enhanced streetscape along King Street West, John Street, Ed Mirvish Way and Pearl Street, which borders the site to the north.
Keeping the pedestrian and community experience in mind, a public square is proposed for part of the site. This new development is set to lead King Street West’s evolution into a thriving, livable and sustainable community. Not just a desirable address to call home, but a fantastic place to experience the world’s finest in art, culture and design, all without leaving your residence!
Location & Neighborhood
Toronto’s Entertainment District is already an attractive option for real estate. This is truly an urban enclave where everything is at your fingertips. From world-class entertainment at hotspots like the Princess of Wales Theatre and Roy Thompson Hall, to some of the city’s trendiest restaurants, bars and clubs, there’s always something to entertain, engage and inspire. The TIFF Bell Lightbox, headquarters for the Toronto International Film Festival – which also hosts screenings and A-list industry events all-year-round – is right down the street.
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The location scores a near perfect 98 on its Walk Score and 100 for Transit Score, understandably, since it’s right on the 24-hour King Streetcar line and only steps from St. Andrew Subway station. For slower-paced days, it’s a fifteen-minute stroll to Toronto’s idyllic waterfront where you can grab a ferry and take a day trip to Toronto Island.
Homes in this district are coveted by a wide range of Torontonians, from students and young professionals, to executives who work in the nearby Financial District, even young families are choosing to live in the area, attracted by its proximity to almost everything. It’s not often you get a chance to invest in a project that will meet the needs of so many different communities and lifestyles.
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