The final step before sales and construction can begin on the
Kirkor Architects and Planners-designed project is the approval of a site plan application. That’s expected to be granted by late summer or early fall.
Plans call for 216 residential units and two or three ground-floor retail units, one of which will house a restaurant. A large co-working space for residents will be one of the major amenities.
The development will also incorporate geothermal heating and cooling.
A heritage brick building on the corner at 164 Bathurst St. will be incorporated into Reside Condos.
“We're hoping to start construction in the early fall, sort of at the same time that we launch sales,” said Sheffer.
“When we think about being good operators, what that means to us is that we keep the signing of our major construction contracts as tight to sales as possible.”
The demolition of existing buildings, shoring and heritage retention initiatives can begin before that because they have stand-alone permits, according to Sheffer.
The goal is to have Reside Condos ready for occupancy by the third quarter of 2026.