Five Condos Under Construction

FIVE  Condos:

A new touch of style is coming to the downtown core, near Yonge and Bloor Streets,  with the arrival of FIVE Condos. The development, already underway, promises not to compromise the neighborhood’s deep history.  The modern 48-storey tower will blend new designs with existing architecture, helping to keep its heritage intact.

According to Urban Toronto, the condominium is the builders' first, by Five St. Joseph Developments Ltd., who were also joined creatively by Graywood Development Ltd., and MOD Developments. Hariri Pontarini Architects were sought to lead with the conceptual design.

Construction, set to began last spring, and is expected to revitalize and restore nearly half a block of historically significant buildings along Yonge, between Wellesley and St. Joseph: An important step when blending new with old.   Some of these preservations include a makeover of the Yonge Street frontage, complete with a cleaning of the original facades.  In turn, residents and passer’s by will still be able to take in the building’s old ‘Gothic’ feel, all while being close to many exciting city amenities. 

 Story from Guess Blogger: Alexandra Christopoulos

Photo of Construction Site : by me

FIVE Condos Construction Site

The Toronto Condo Boom

The boom in the Toronto Condo industry which began slowly in the late 1990's and picked up steam in the early aughts (00's) has transformed the look and feel of the City. Highrises are sprouting from all areas of the city, mainly the downtown core, but other areas, such as Liberty Village, Etobicoke Shores, Scarborough, Mississauga City Centre and North York Centre are also experiencing rapid condo growth and densification. Part of it is the design of the provincial government, which wants to attain maximum efficiency of use out of publicly funded transit such as GO Transit, the TTC and regional lines. Plus heavy investment in infastructure such as the Airport Line, The Eglinton Crosstown LRT Line, as well as the Union Station Renovation project all of which will make getting into and out of the core far easier then ever before. At the same time providing a real lifestyle choice to those that decide they enjoy downtown living.

 

Rendering of Five Condos