Carttera Private Equities, a Canadian boutique real estate fund manager who has worked with well-known developers Freed, Harhay, Lash, and others in Toronto, has applied for a zoning amendment to permit the construction of two condominium towers, of 42 and 48 storeys total, to rise above a 4-storey podium, at 1926 Lake Shore Boulevard West. A concept rendering by Graziani + Corazza Architects below shows the proposed development, but should not be condisered a ready-for-market plan at this point.
The site has long been a 5-storey hotel facing Humber Bay, turning its back to cars zipping along by on the Gardiner Expressway. The hotel was for the last many years a Four Points Sheraton before it was shuttered in 2012.
A number of projects encircling this site have been completed over the last several years. To the immediate east is Pemberton's Park Lake condominiums with a pair of 18-storey towers. To the north across the Gardiner Expressway is Cresford's Windermere-by-the-Lake project with 3-storey townhomes and a 28-storey tower. West of that is Cresford's NXT and current NXT2 project, with more townhomes and a pair of 28 and 35-storey towers. West across Windermere Avenue from the Carttera site is land the City of Toronto is selling for another potential condominium development. Further west across the Humber River are the increasingly tall towers of the Humber Bay Shores area, with the 46-storey Palace Pier and Palace Place close by.
This pair would be the tallest towers of this group east of the Humber, were they to be approved at the sought-after height. The project is in its very earliest stages of the planning process now, and no public consultations have yet been scheduled. We will return to the story when there is more to report. In the meantime you can follow discussion in the Forum thread here.
|Related Companies:||architectsAlliance, Cresford Developments, Isotherm Engineering Ltd., TMG Builders|