Preconstruction High-rise condo at Toronto 266 King Street West, Toronto,...Read More
High-rise condo in Toronto
This new condominium complex will be part of Regent Park’s Phase 3 master-planned community and will contain significant retail and residential space.
Daniels On Parliament is The Daniels Corporation‘s newest condominium complex in Toronto. This new pre-construction property is situated at 365 Parliament Street in the Regent Park neighborhood, on the south-east corner of Gerrard Street East and Parliament Street. Investors may anticipate this project to occupy 2.05 acres of land, with the north tower reaching a height of ten stories and the south tower reaching a height of twenty-five stories.
Regent Park, located on the city’s east side, has long been renowned as a community housing neighborhood. While this new rehabilitation project will offer more residential and commercial space, it will retain a significant amount of affordable housing for both present and future inhabitants. This neighborhood is rapidly developing into a location where a varied group of people may live, work, and flourish together.
In terms of transportation, this region earns an impressive 86 out of 100, indicating that many inhabitants will be able to get about the city without a vehicle. On the north-west intersection of Parliament and Gerrard Street, a streetcar stop connects residents directly to Main Street Station on the TTC’s Bloor-Danforth Line 2. Numerous streetcar lines operate through this region, connecting commuters to important sections of the city. Residents will also have a 5-minute walk to Dundas Station. This station is on the Yonge-University Line 1 and takes residents just four minutes to Union Station.
Families will appreciate the development’s proximity to several local schools, including Winchester Junior and Senior Public Schools, Saint Paul Elementary School, Jarvis Collegiate Institute, Sprucecourt Junior Public School, and Nelson Mandela Park Public School. Additionally, Ryerson University is just a three-minute drive away, while the University of Toronto – St. George Campus is only an eight-minute drive.
Due to the development’s closeness to Toronto’s central center, it has a near-perfect Walk Score of 91 out of 100, which implies that many residents will be able to do the majority of their tasks on foot. Within walking distance of this new development are several restaurants, cafés, supermarkets, parks, and schools. Additionally, we may anticipate the addition of additional restaurants, stores, and office space in this region after the completion of this redevelopment project. Daniels On Parliament will have a new grocery store, banks, aquatic center, 60,000-square-foot community center, cafes, and space for prominent businesses.
Daniels On Parliament will have ground-floor retail space, which will provide residents with additional urban amenities and increase street traffic. The north tower will be a ten-story mid-rise skyscraper located on the corner of Oak Street and Dreamers Way. This development will replace two older apartment complexes that previously stood on this site. These apartment buildings were erected in the late 1940’s with the intention of providing low-income inhabitants with cheap housing. These buildings have remained unused since then and have started to decay.
These buildings will be removed to make way for new, mixed-use towers that will provide residential space to the region. Both structures will be connected by a shared platform that will likely hold the interior and outdoor amenities. Daniels On Parliament will combine elements of the past and the present to create a really unique living experience in this area of the city. In this project built by the Daniels Corporation in conjunction with the Toronto Community Housing Corporation, we may expect modern features and finishes, as well as unique amenities.
The Daniels Corporation is an award-winning development firm who has been internationally recognized for their work in creating socially-conscious communities for over 35 years. Daniels has built more than 30,000 award-winning homes and apartments, master-planned mixed-use communities, and commercial and retail spaces.