The Monarch Group and Goldman Group just announced the release of the Sky Suites at their popular and long-awaited Picasso on Richmond development, designed by Teeple Architects. Located in the rapidly changing Entertainment District, the 39-storey tower is at the head of Widemer Street, and will figure prominently when looking south down Beverly Street, north of Queen.

Picasso on Richmond condos in Toronto by Monarch and Goldman groups, Teeple archPicasso on Richmond roofline, image courtesy of Monarch, Goldman Groups

The Sky Suite collection contains 12 new layouts, added to the current selection of floorplans UrbanToronto has listed on the dataBase page for Picasso, found below. Along with the new floorplans Monarch and Goldman have released two new renderings; the entrance lobby and the party room, featuring designs by Union31.

Picasso on Richmond condos in Toronto by Monarch and Goldman groups, Teeple archLobby rendering, courtesy of Monarch, Goldman Groups

Picasso on Richmond condos in Toronto by Monarch and Goldman groups, Teeple archParty room rendering, courtesy of Monarch, Goldman Groups

We're glad to see Picasso has taken off and that interest in the project continues — the site had been the location of the proposed Hotel Gansevoort development, a project that had been popular amongst UrbanToronto Forum members due to its unique design. The plan was unfortunately hit by the 2008 recession, however Teeple was kept on and re-interpreted their previous design for Monarch and Goldman.

Picasso on Richmond condos in Toronto by Monarch and Goldman groups, Teeple archBase of Picasso on Richmond, image courtesy of Monarch, Goldman Groups

Picasso will contain 400 units, ranging from studios to three bedrooms. Monarch and Goldman are also offering paired units (a similar idea to joint hotel rooms) where two independent units are connected by a common door, allowing purchasers to have the option of one large unit, or two smaller, completely independent apartments. This method is appealing both to growing families as well as investors, and is an easy method of creating large, flexible units. These plans can be found on the dataBase listing below, as well as more renderings of the project. If you want to see what Forum members are saying, click on the associated project thread, or the real estate thread to get in touch with purchasers.