Downtown Toronto will soon see a new and sophisticated construction that will bring more retail, office, and residential space. Celeste Condos is a new mixed-use high-rise condominium complex in downtown Toronto. At 125 George St, on the south-east corner of Richmond Street East and George Street, DiamondCorp and Alterra are pre-constructing a 39-story skyscraper with 512 residential apartments. This condominium complex will have apartments ranging in size from studios to three bedrooms. Additionally, this tower will be an excellent residence for students, since George Brown College is just a few feet away.
Easy access to Gardiner Expressway and Don Valley Parkway
Numerous great local facilities are located in close proximity to this neighborhood and are readily accessible by foot. Several of them provide a variety of eating alternatives ranging from fast food to upscale dining. Additionally, this neighborhood has a busy nightlife scene that includes pubs, lounges, and clubs that are well-suited for post-secondary students and young professionals who appreciate the city’s offerings.
To begin, Queen Station is located only four minutes from this property. This station is served by the TTC’s Yonge-University Line 1, which connects residents to Union Station in just two stops. Additionally, this station links to the Bloor-Danforth Line 2 in only four stations, providing commuters with additional options for getting throughout the city. Additionally, this corridor is served by several streetcars and buses that operate every 15 minutes or less, enabling inhabitants to commute easily across the city.
George Brown College is located just across the street from this construction, making it an ideal location for student renters. Ryerson University is also easily accessible through public transportation in less than 15 minutes.
In addition, for families love outdoor activities, the town is nearby abundance of beautiful parks and recreation facilities such as Saint Lawrence Park and J.C. Saddington Park. Also, Port Credit Memorial Park is a must-visit for the region, with kayaking and calming duck ponds as well as playgrounds for children
This vacant structure will be demolished and replaced with a 39-story high-rise that will provide the region with a dynamic new set of residential, retail, and office prospects. This property will have 39,751 square feet of office space on the first four floors, followed by a fifth story devoted to indoor and outdoor amenities. Above the five-story podium, residential apartments will begin.
Celeste Condos will be placed next to two low-rise office buildings that are also listed on the National Register of Historic Places. These structures will be kept and will also contribute to the area’s job prospects. This project calls for the demolition of an existing, vacant structure on the development site.
Alterra is a developer group in the GTA for the last 40 years. They are diverse developer with portfolio of high rise, low rise, residential and commercial buildings. They manage their own team and take an outside-in approach to their work. This philosophy is integral to every level of their development. They commit to build the district that people are desired.
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DiamondCorp is a real estate developer committed to quality development in the GTA. They are dedicated to developing innovative, high-quality and award-winning residential, mixed-use, and master-planned developments. DiamondCorp’s exceptional reputation in planning and development stems from their expertise in achieving municipal approvals for complicated sites that translate into outstanding communities.
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