Revised plans for 100 Bond Street in Downtown Toronto reduce the height to 23 storeys from its initial proposal of 30 storeys in June, 2021 (an interim proposal of 29 storeys was made in March, 2023). The site, less than a 300m walk from Dundas station on Yonge Line 1, spans 54 through 74 Dundas Street East and 98-100 Bond Street.
It currently houses four low-rise commercial buildings, including the Imperial Pub, retail outlets, restaurants, and offices. In addition, 100 Bond Street shares the block with Toronto Metropolitan University, which is experiencing a housing crunch for its students. While not being built as a dedicated student dormitory, 100 Bond has a higher than average number studio units which are likely to be bought by investors looking to rent units to students.
Amidst the growing student housing crisis in Toronto, the revised plans for 100 Bond Street come at a crucial time. NDP Leader Jagmeet Singh has been vocal about the need for post-secondary institutions to present a credible and cost-effective housing strategy, especially if they wish to attract international students. With its proximity to Toronto Metropolitan University, the 100 Bond Street development could be a beacon of hope in addressing the housing shortages exacerbated by the surge in international student enrollments.
The development's evolution began with an initial proposal of approximately 287 residential units. After receiving feedback and making subsequent revisions, the number of units increased first to 311, then to 370, before now settling on the current proposal of 336 units. This proposal has a total residential gross floor area of 18,525m², which is nearly 3,000m² less than the previous plan.
The revised proposal, led by developer Bazis and designed by architect Rosario "Roy" Varacalli, includes three elevators, averaging 112 units per elevator. The design also incorporates approximately 666m² of indoor and 336m² of outdoor amenity area, and provisions for 240m² of retail area at-grade, enhancing the pedestrian experience.
Similar to the previous proposal, the design omits residential and visitor parking, but allocates two spots specifically for car-share parking. The two underground garage levels would house 303 long-term and 68 short-term bicycle spaces, in contrast to the 310 and 35 spaces from the previous plan.
UrbanToronto will continue to follow progress on this development, but in the meantime, you can learn more about it from our Database file, linked below. If you'd like, you can join in on the conversation in the associated Project Forum thread or leave a comment in the space provided on this page.
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