Just waiting for the go-ahead from city planners, downtown Toronto may soon be new the home of a 1,100-unit, 72-storey twin condo.
Featuring a design by IBI Group Architects, the incentive threatens the demolition of an existing 18-storey mid-century office building, located at 2 Carlton Street, downtown.
Last week, Sherman Brown Barristers & Solicitors finalized a development application to the City’s planning department on behalf of Carlton Tower Limited, who currently own the 2,425-square-metre property on the northeast corner of Yonge and Carlton Streets. The application proposes that a total of 1,100 residential units would be located in the twin towers, which will be made up of a mix of 572 one bedroom units, 446 two bedroom units and 82 three bedroom units.
The current tower, located on Carlton, dates all the way back to 1959, but will have to come down if the project proposal passes.