Oliver Baumeister von Bretten, Broker | Sotheby’s International Realty Canada, Brokerage | Direct +1-416-606-2002 | info@condoinvestments.ca

A New Look For Toronto’s Waterfront with Two Additional Condo Towers

Pier 27 community in Toronto, Ontario, Canada
Pier 27 community aerial

Two new condo towers are the latest stepping stone in the evolution of Toronto’s Waterfront.

The new condos with 11 and 45 storeys will soon become a part of ongoing phase-three master development. The plan belongs to the Queen Quay corridor, where the towers will join Cityzen Development expanding through Pier 27 community.

The first two phases of development are already complete. Completed in 2016, the first phase consisted of a 35-storey tower and two buildings. In the next four years, the team completed the second phase, Waterlink, consisting of 14 storeys. These are located beside the Redpath Sugar Refinery, i.e., Yonge Street and Queens Quay East.

The third and final phase Pier 27 Phase 3 consists of two condo towers. They will be constructed at 25 and 35 Queen Quay East.

Pier 27 community front view

As per the developer’s project website, the land for phase three was allotted for the development of two mid-storey buildings in 2012. But, changes in built-up areas planning policies and development growth have led to the modifications in phase three plans. Now, the place will have two residential towers. The first will be 11-storey East and second 45-storey West Building.

The East Building will have 136 residential units. Not only this, it will have 3,003 sq ft saved for outdoor amenities, 3,035 sq ft for indoor amenities, a space of 5,726 sq ft for indoor and outdoor daycare, and a retail space of 4,327 sq ft.

The West Building will be taller. It will consist of 449 residential units with a space of more than 14,000 sq ft for indoor and outdoor amenities and 2,142 sq ft for retail.

Both the towers will have more than 500 spots for bicycles and 362 parking spaces. They plan to build a public garden for the people that will border development gardens.

The developers have recently submitted the Official Plan Amendment (OPA) and Rezoning applications to the city planners. However, the proposal document is not publicly available yet.

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