A new application has been submitted to the City of Toronto by Dream Unlimited, seeking rezoning for a mixed-use development at 49 Ontario Street, a short distance northwest of the King and Parliament intersection. Designed by architectsAlliance, the proposal calls for 36, 29, and 12-storey buildings with respective heights of 127, 104.15, and 47.15 metres and a mix of residential, retail, and office uses.

Site of the proposed development, image via submission to City of Toronto

The plan calls for two towers along the site's Adelaide Street East frontage atop a shared podium. The 36-storey tower would rise at the west end of the site and the 29-storey one to the east. A 12-storey mid-rise volume would rise along Berkeley Street, fronting the smaller-scaled road with three-storey townhomes before stepping back to rise another 9 levels.

Looking northeast to 49 Ontario Street, image via submission to City of Toronto

The shared podium would meet Adelaide Street with 643 m² of retail space topped by 8,092 m² of office space, which would replace the existing office space housed within the existing seven-storey office building currently on site. The adjacent property at the northeast corner of Ontario and Adelaide, 474 Adelaide Street East, is not part of the development application, though the new proposal's podium has been designed to create a relationship with the building that would replicate the existing transition between 474 Adelaide and the seven-storey building that would be replaced by the new build.

Looking northeast to podium of 49 Ontario Street, image via submission to City of Toronto

A total of 881 residential units are proposed across the buildings, in a mix of 543 one-bedrooms, 244 two-bedrooms, and 94 three-bedrooms. Details concerning the tenure of these residential units, rental or condo, are absent from the proposal, and will likely be chosen according to market conditions as planning progresses.

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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