A new condominium tower is rising in the University of Toronto's St. George Campus, named Theory Condos in a nod to the surrounding educational institution. The Parallax Investment Corporation project is under construction on the southeast corner of College and Beverley streets, rising toward a 30-storey height.
The IBI Group-designed project has been underway since early 2018, when demolition began on the previous five-storey commercial building that occupied the site at 203 College Street. We last checked in on the work here in Summer 2018, when the final vestiges of the earlier building had been cleared away, and drilling rigs were preparing the site's shoring system along the tower's footprint in advance of the start of excavation.
Over 15 months later, Theory now stands six storeys above College Street, representing the structural completion of the building's podium. Forming is now beginning for the seventh floor, marking the first of the tower floors that will repeat largely unchanged until the upper levels. The speed of the tower's rise should increase noticeably in the coming months due to the tower's smaller floorplate and repeating layouts.
Once construction wraps up, the project will bring 243 condominium units to the area, anchored to the College and Beverley intersection with 333 m² of ground-floor retail space, as well as 1,668 m² of office space replacing space lost in the demolition of the previous building.
Additional information and images can be found in our Database file for the project, linked below. Want to get involved in the discussion? Check out the associated Forum thread, or leave a comment below.
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