Over the past few years, the streets of Toronto have been drastically remodelled as densification is bringing more residential and retail spaces downtown and beyond. Transit being a major booster for developments, areas along and around subway stations and streetcar lines are considered as prime locations to accommodate new buildings. An intersection such as Bloor and Spadina, where lines 1 and 2 meet the Spadina streetcar loop—all relatively close to the downtown core—has a strong potential for potential condominium projects.
State Building Group has submitted a development application for 316 Bloor Street West, at the corner of Madison, one block east of Spadina subway station. 42 storeys tall, the tower would house 535 condominium units as well as 265 square metres of retail space at its base, fronting onto Bloor Street. While information is still preliminary, renderings show terraces on both the podium and rooftop, which would certainly offer great views of the city.
To replace a two-and-a-half-storey high office building, the height of the tower, if approved as submitted at 42 storeys, would rise far above the height of other buildings around it, as the closest tall buildings have floor counts in the teens. There is no doubt, however, that new developments on Bloor Street West, west of St George Street—a prime area for U of T students looking for accommodation—have been relatively rare. With plans for many micro-units in this development, those students would benefit from having more rental options in the area that this tower's suites would represent.
UrbanToronto will keep a close eye on this project and its approval process. In the meantime, you can have a look at the dedicated dataBase file linked below for more renderings and information. If you want to get involved in the discussion, you can check out the associated Forum thread, or leave a comment in the space provided at the bottom of this page.
|Related Companies:||Kirkor Architects Planners, NAK Design Strategies, State Building Group|