Downtown Toronto’s Yonge-Dundas area, known for its vibrant streets and iconic landmarks, is set to welcome a stunning 67-storey rental tower. Located at 239-247 Yonge Street, this ambitious project by Angel Developments for Montreal-based Prime Properties will redefine urban living in one of Toronto’s busiest hubs.
Transforming the Site
Currently home to low-rise commercial buildings, including a Money Mart and a stag shop, the site will be transformed into a high-density mixed-use development featuring:
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774 Residential Units: A mix of 104 studios, 393 one-bedroom units, 199 two-bedroom units, and 78 three-bedroom units.
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Total Area: A Gross Floor Area of approximately 529,993 square feet, with 521,522 square feet for residential use and 8,471 square feet for non-residential purposes.
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Efficient Design: A Floor Space Index (FSI) of 28.5, maximizing the potential of this urban lot.
Blending History with Modern Design
Preserving Heritage
Storeys reports that this project respects the historical significance of 241 Yonge Street, listed on the City’s Heritage Register. The design includes:
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Retaining the west-facing facade of the heritage building.
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Restoring important architectural features, including the cast-iron storefront.
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Using the preserved facade as the main entrance for the residential lobby, seamlessly integrating history into modernity.
Contemporary Architecture
Designed by Hariri Pontarini Architects, the tower’s sleek and innovative style includes:
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A glass facade with an asymmetrical sloping roof for a bold and dynamic profile.
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A four-storey podium housing retail spaces and contributing to the vibrant streetscape.
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Thoughtful massing to minimize shadow impacts on public spaces like Sankofa Square.
Resident-Centered Amenities
The development features amenities designed for comfort and convenience:
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Indoor Spaces: Over 18,500 square feet of shared spaces, including lounges and fitness areas.
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Outdoor Terraces: Nearly 4,700 square feet of outdoor areas, including a rooftop terrace atop the podium.
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Bicycle Parking: An underground facility with 870 bicycle spaces, catering to both residents and visitors.
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Fast Elevators: Six high-speed elevators ensure smooth access, with one elevator serving approximately 129 units.
A Transit-Oriented Location
Situated in one of Toronto’s most accessible areas, the development is designed to promote sustainable, car-free living:
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Close to Subway Stations: Less than 100 meters from Queen station and 160 meters from Dundas station, offering quick access to Line 1 and the upcoming Ontario Line.
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Streetcar Accessibility: Close to major streetcar routes along Queen and Dundas Streets.
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Walkable Neighborhood: Located in a highly pedestrian-friendly area, reducing the need for motor vehicles.
Revitalizing Yonge-Dundas
This development aims to enhance the Yonge-Dundas corridor by combining historic preservation with forward-thinking architecture. It reflects Toronto’s commitment to sustainable, high-density urban growth while respecting the area’s unique cultural and architectural heritage.
Conclusion
The 67-storey rental tower at 239-247 Yonge Street is an exciting addition to downtown Toronto. With its blend of heritage preservation, modern design, and focus on sustainability, this project represents the future of urban living in one of Canada’s most dynamic neighborhoods. Once completed, it will stand as a landmark of innovation and a symbol of Toronto’s evolution.
DataBid is currently reporting on this project - 241 Yonge Street Mixed Use Development Downtown Yonge - Toronto (0014010825)
