Midtown Toronto is on the verge of a dramatic transformation as developer Crestview Investment Corporation has filed plans to replace the four-storey office building at 245 Eglinton Avenue East with a massive two-tower residential complex. The site, located at the northeast corner of Mount Pleasant and Eglinton and directly across from the future Mount Pleasant station on the Eglinton Crosstown LRT, will see its skyline profile change significantly with the addition of towers rising 60 and 65 storeys.
Type: Mixed-use residential towers with retail and public plaza
Number of Towers: 2
Tower Heights: 60 storeys (~200m) and 65 storeys (~215m)
Total Units: 1,278 residential units (condo or rental – TBD)
Public Space: 542 m² publicly-owned private space (POPS) at corner plaza
Retail Component: Ground-floor commercial/retail spaces integrated into podiums
A publicly-owned private space (POPS) measuring approximately 542 square metres will anchor the southwest corner of the site, offering a pedestrian-friendly plaza at the busy Mount Pleasant and Eglinton intersection. The design aims to create a vibrant, accessible public realm, complementing the anticipated surge in foot traffic when the LRT finally opens.
With direct access to the soon-to-open Mount Pleasant station on the Eglinton Crosstown LRT, the development places a strong emphasis on sustainable transportation. The parking component is minimal — just 127 vehicle spaces within a three-level underground garage. By contrast, bicycle infrastructure is robust, with plans for 1,445 bike parking spaces to encourage active transportation.
BlogTo reports that the twin towers will be a standout addition to the evolving midtown skyline, joining a wave of high-rise developments catalyzed by the LRT’s construction. Superkül’s design is expected to incorporate sleek, modern glass façades while maximizing natural light in residential units. The podium levels are anticipated to integrate retail spaces that will contribute to a lively streetscape, potentially accommodating restaurants, shops, and services for residents and visitors alike.
The development also includes landscaped areas surrounding the plaza, offering seating, greenery, and space for public gatherings. These features aim to balance the vertical density with ground-level community appeal.
The project’s sheer scale will demand a wide range of skilled trades and construction disciplines over a multi-year build-out. Key trades and roles likely to be involved include:
Demolition crews – to dismantle the existing office building and prepare the site.
Excavation and shoring teams – for deep foundation work and underground garage construction.
Concrete formwork specialists – to build the core and floor slabs of both towers.
Steelworkers – for structural reinforcement and podium framing.
Electrical and plumbing trades – to install essential building systems.
HVAC technicians – to deliver high-efficiency heating, cooling, and ventilation systems.
Glaziers – to install the extensive curtain wall and window systems.
Masonry crews – for façade detailing at podium levels.
Interior finishers and millworkers – for suites, lobbies, and retail fit-outs.
Landscaping contractors – for the plaza and streetscape integration.
While the project will mark the end of the current low-rise commercial building — home to long-standing tenants like Granite Brewery — it promises to bring new residential density and retail energy to the area. The strategic location near rapid transit is likely to attract residents who prioritize connectivity, while the retail spaces can provide ongoing employment opportunities.
The transformation also aligns with Toronto’s broader planning goals to intensify housing around transit hubs, helping to meet the city’s housing targets and reduce reliance on personal vehicles.
Once approvals are secured, demolition and site preparation will pave the way for the construction of the twin towers. The project will require several years to complete, but when finished, it will stand as one of the tallest developments in midtown Toronto — a visual and economic landmark in the rapidly changing Eglinton corridor.
DataBid is currently reporting on this project - 245 Eglinton Avenue East Mixed Use Development Midtown - Toronto (0039072825)