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With two cranes now rising from the pit, and construction underway at the Pinnacle Lakeside Phase 1 site at Lake Shore Boulevard East and Sherbourne Street, Pinnacle International has submitted revised applications seeking to increase the height and density of these mixed-use towers in Toronto’s East Bayfront area, originally developed by the Greenland Group of China.
Pinnacle International assumed the project after the Greenland Group defaulted in 2023. Designed by Hariri Pontarini Architects, the resubmission proposes buildings of 15, 44, and 54 storeys, up from the previously approved 14, 39, and 49 storeys.
The site spans approximately 14,000m² on the southwest corner of Lake Shore and Lower Sherbourne. Across the street to the east is Sherbourne Common Park, and more parks along the lake front to the south. Nearby, the area consists of a mix of residential, commercial and educational buildings, notably including George Brown College’s Waterfront Campus.
Urban Strategies Inc. has submitted the latest applications to the City of Toronto on behalf of the developer. The revised proposal raises the heights from 50m to 57.95m, 120m to 144.65m, and 150m to 174.86m, while increasing the total residential unit count from 1,147 to 1,261 suites, with the addition of 56 one-bedroom, 38 two-bedroom, and 20 three-bedroom units. This would include 96 affordable housing units, while committing to 16 additional units in Phase 2. The podiums and tower placements remain largely unchanged.
The total Gross Floor Area (GFA) would grow to 95,454m², an increase of 10,863m² from the previous plan, driven by a 12,055m² rise in residential GFA, while non-residential GFA would decrease significantly to 637m² from 1,799m², with retail frontage remaining focused along Lower Sherbourne Street while some ground-floor retail would be repurposed for increased amenity space; indoor amenity space would increase from 1,247m² to 1,361m², and outdoor amenities from 1,147m² to 1,262m². The Floor Space Index would increase from 12.8 to 14.5 times coverage of the site.
A five-level underground garage would now accommodate 765 vehicles, up from 648 in the previous plan. This includes 687 spaces for residents and 78 for visitors and retail,. Bicycle parking grows from 1,143 to 1,268 spaces, with 1,137 long-term and 131 short-term spots. The 15 storey building would have two elevators, the 44-storey would have four elevators, and the tallest would have six, resulting in approximately one elevator for every 98, 106, and 107 units, respectively, meaning somewhat longer than optimal waits in the taller towers.
The site is a 160m, 3-minute walk from the planned Waterfront East LRT, which will link the area directly to Union Station, currently a 15-minute walk away. Existing transit includes bus routes along Queens Quay Boulevard and Sherbourne Street. Cyclists are supported by proximity to the Martin Goodman Trail and waterfront pathways.
Phase 2 is proposed to the west at 43 storeys, while to the south there are projects and proposals by other developers. 180 Queens Quay East calls for three towers ranging from 15 to 22 storeys. Further south, George Brown College’s 10-storey Limberlost Place and the 21-storey Quay House are both under construction. Further east, the 18-storey Aqualuna at Bayside is nearing completion, while the Quayside masterplanned community features towers reaching 64 and 70 storeys.
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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