Townhouse in Toronto Eglinton Ave E & Beachell St, Toronto,...Read More
High-rise condo in Toronto
There’s no doubt that this neighborhood is on the verge of becoming one of the most exciting development zones in the Greater Toronto Area, and that includes this fantastic new project. The 55 Eglinton Ave East Condos, which will rise to a spectacular 50 stories, will boost the density in this portion of Yonge and Eglinton while also introducing additional commercial retail space and replacing the existing office space on the present site, among other things.
One of the most desirable areas to reside in the Greater Toronto Area (GTA) is the area around the junction of Yonge and Eglinton, and it’s going to become much better as a result of the upcoming rail line, which will revive public transportation in the region.
This skyscraper will rise on the southern side of Eglinton Avenue East, between Holly and Dunfield Avenues, only steps from the Yonge and Eglinton crossing. Except for the high-rise residential building on its south side, the structure is flanked by mid-rise commercial and service buildings.
This is on the verge of becoming one of the city’s most important places, perhaps on a level with mammoth constructions such as The One. This is due to the upcoming Eglinton Crosstown LRT, a rail line that will run along the Eglinton Corridor. This will significantly enhance transportation in Midtown Toronto, while also catalyzing development and expansion.
The Crosstown is interesting for this project because of Eglinton Station’s proximity. The Crosstown will cross with Line 1 Yonge-University here, making this one of the most heavily utilized stations in the GTA. Aside from the obvious benefits of living near a major transportation hub, this may help nearby neighborhoods become the next Yorkville or Annex.
The region already has many local facilities. The Yonge-Eglinton Centre is the region’s main retail hub, and it’s anchored by a Metro grocery store, so you can do most of your shopping without a vehicle. There are also a number of great eateries around, so you’ll never be bored! These condominiums are in one of the most sought-after GTA locales. The Eglinton Crosstown will be a groundbreaking project, uniting all of Midtown.
Floors 2-6 will be dedicated to office space, which will replace the existing office space in the site’s present structure. It will have a total office area of 68,750 square feet. On the seventh and eighth stories, there will be amenity space. This will contain outdoor amenity area on the project’s podium’s eighth story.
In the center of Toronto’s new urban centre, a 50-story skyscraper will rise from a seven-story platform. It will have 4,305 square feet of retail space on the ground level, increasing shopping opportunities in the neighborhood and providing convenient alternatives for future residents.
State Building Group has outstanding real estate developments throughout GTA in over past fifty years. Their success and growth can be attributed to anticipating trends, identifying strategic locations, incorporating excellent designs and innovation. Recently, they were the recipient of Heritage Toronto’s Award of Excellence for their restoration of the historic John Street Roundhouse.