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Neighbourhood Watch: Yorkville

Yorkville – High end and priced to match

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Yorkville – High end and priced to match

If location, location, location is the golden rule of real estate, the Yorkville area of Toronto is one of the most shining examples. Indeed, it doesn’t get much more central than this, bounded by Bloor Street, Davenport Road, Yonge Street and Avenue Road. If midtown Toronto is what you want, a neighbourhood pretty much at the intersection of the city’s main subway lines at Yonge and Bloor is it.

Five-star is the perfect descriptor for Yorkville, home to the Mink Mile, one of Canada’s most exclusive shopping districts, along a stretch of Bloor. Upscale names such as Prada, Chanel, Gucci, Boss, Hermes, Louis Vuitton, Holt Renfrew and Harry Rosen operate flagship locations here, and north of Bloor, on Yorkville and Cumberland streets, you’ll find smaller buildings containing art galleries, first-floor retail and high-end restaurants. And of course, being so close to the famous Yonge Street, you’re just steps away from every retail option you can imagine, including the new Nordstrom Rack on the ground floor at 1 Bloor East.

Prized condo destination

As you can imagine, given Toronto’s condo boom, Yorkville is also a prized location for highrise living, with developers introducing several new projects in recent years, reflective of the luxurious character of the area.

“(8 Cumberland) is right on Yonge Street, you can walk to the subway door, it’s right there, and it connects to a path that goes through Yorkville and all the way through to Bloor Street,” Alan Vihant, Great Gulf’s senior vice-president, highrise, told Condo Life last fall at the groundbreaking for the company’s 8 Cumberland. This modern 51-storey condo with a century-old brick Victorian podium is located at the northwest corner of Cumberland Avenue and Yonge.

“8 Cumberland will create a new gateway to the Yorkville District,” says Great Gulf President, Residential, Niall Collins. “Our commitment to the neighbourhood’s revitalization includes a 36-storey condo tower at 18 Yorkville, the iconic 76-storey condo tower at One Bloor East and this 51-storey condo development all within a block radius.”

Award-winning

Nearby, Lanterra Developments is building 50 Scollard, a 41- storey condo at the corner of Bay and Scollard in Yorkville, with 77 exclusive residences. The project, in fact, earned Lanterra Best Highrise Building Design at the 2019 BILD Awards.

Complementing the high end, highrise living and shopping in Yorkville are nearby cultural offerings such as the Royal Ontario Museum, the Gardiner Museum of Ceramic Art, the Mira Godard Gallery, the Heffel Fine Art Auction House and Gallery 36.

And of course, blessed with a location along major transit arteries, getting to and from Yorkville is a breeze, with three subway stops along this stretch of Bloor.

Location, location, location

Bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west

Key landmarks

  • Cumberland Terrace
  • Gallery 36
  • Hemingway’s
  • Holt Renfrew Centre
  • Royal Ontario Museum
  • Sassafraz
  • Windsor Arms Hotel

Select condo projects

8 Cumberland by Great Gulf

11 Yorkville by RioCan Living

11 Yorkville by Metropia

11 Yorkville by Capital Developments

50 Scollard by Lanterra Developments

321 Davenport by Alterra Group

625 Yonge Street by Edenshaw Developments


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In Conversation With Niall Collins, President of Great Gulf Residential

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In Conversation With Niall Collins, President of Great Gulf Residential

Fresh off a milestone 2018 filled with multiple industry awards and groundbreakings at signature projects, Great Gulf is poised for another, well, great year in 2019.

From landmark highrise developments in Toronto, to expanding its footprint south of the border, Great Gulf has no plans to rest on its laurels.

Niall Collins
Niall Collins

We spoke with Niall Collins, president of Great Gulf Residential, to get his take on what lies ahead for this leading developer.

Condo Life: Great Gulf’s tagline is, “At Great Gulf, we do more than just build — we transform.” Please elaborate on what exactly that means.

Niall Collins: We are continuously researching new opportunities to add more value to our products. Investing in innovation is at the core of our business.

CL: Last year was a huge year for Great Gulf – winning Highrise Home Builder of the Year at the BILD Awards, then Builder of the Year at the OHBA Awards of Distinction. What are you doing for an encore in 2019?

NC: Great Gulf is launching three highrise residential projects in Toronto. We’re also starting construction in the spring of La Clara, a luxury condominium building in West Palm Beach; we’re currently building a 10-storey mixed-use, multi-family development in Washington, DC’s vibrant Union Market District; and we’re registering Monde by Toronto’s waterfront.

One-hundred per cent of Great Gulf homes and midrise buildings are being manufactured by H+ME Technology. The entire production process at H+ME Technology is entirely controlled through the complex computer design of every single element of home structures, which are CSA approved.

357 King West
357 King West, at the corner of King Street West and Blue Jays Way in Toronto.

CL: You had three major groundbreakings in late 2018 – 357 King West, 8 Cumberland and Home at 48 Power. How is the sales pace going for these projects?

NC: Sales are ongoing for all three projects.

CL: And how is construction coming along?

NC: Construction is progressing well with shoring and excavation work well underway on all projects.

CL: 357 King West is interesting in that, being in a downtown location, it includes a bike storage, dedicated bike elevator and wash and repair area. What are some similar inclusions at some of your other new projects that speak to how purchasers live, specific to that area?

NC: We’re a vertical city and should respond to purchasers’ needs. First-time buyers, families and those downsizing will have different requirements. We are building larger units to accommodate families. Home Condominium provides expansive rooftop amenities that people value, creating the experience of outdoor space.

Great Gulf executive team
The Great Gulf executive team at the 8 Cumberland groundbreaking.

CL: What is the status of the project at the Mirvish+Gehry site at King and Duncan – such as name, notable features and launch date?

NC: The Gehry project will feature the tallest residential tower in Canada at 92 storeys, with the second tower at 82 storeys. It is notable because it also represents the coming home of famous architect Frank Gehry. We are currently working through the building program and will have details available in the near future.

CL: We understand you have a luxury condo planned for the Yonge and St. Clair area? What can you tell us about that?

NC: We are planning a launch this year for the Yonge and St. Clair development. The project, with exterior and interior designed by Siamak Hariri, will feature large luxury units ranging from 1,000 to 3,000 sq. ft. and include large balconies and terraces.

CL: What’s next for Great Gulf, in terms of upcoming projects?

NC: Great Gulf currently has 18 highrise projects being developed across North America. We’re working towards completing permit design and process to start construction on three highrise residential buildings in Dallas and Atlanta.

PORTFOLIO

  • 357 King West 357 King St. West, Toronto, Now selling
  • 8 Cumberland 8 Cumberland St., Yorkville, Toronto, Now selling
  • Monde Queens Quay and Lower Sherbourne, Toronto, Under construction
  • One Bloor Yonge and Bloor, Toronto, Now selling
  • 401 King & Spadina 401 King St. W., Toronto, Coming soon
  • Yonge & St. Clair 1421 Yonge St., Toronto, Coming soon
  • Mirvish & Gehry Condos King St. and Duncan St., Toronto, Coming soon
  • Spadina 101 Spadina Ave., Toronto, Coming soon
  • Home 48 Power St., Toronto, Coming soon

 

greatgulf.com

RELATED READING

Great Gulf and partners break ground on Yorkville condo 8 Cumberland

Great Gulf breaks ground at 357 King West

 

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