Richmond & Parliament by Great Gulf in Toronto

Richmond & Parliament is a new condo development by Great Gulf currently in preconstruction at 48 Power Street, Toronto. Sales for available units start from the mid $200,000's. Richmond & Parliament Condo will be a 21-storey tower with a total of 446 mixed condo units.

 

 

Development Summary

From Richmond & Parliament: 

 

Condos from the mid $200's, opening 2016.

 

Richmond & Parliament Condos Highlights:

 

  •         Has a walkscore of 95/100: walkable EVERYWHERE
  •         2 minutes walk from 365 Parliament
  •         Located in the Moss Park Neighbourhood in Toronto
  •         Nearby parks include Sumach-Shuter Parkette, Moss Park and St. James Park

 

A proposed development submitted in 2013 by Great Gulf Homes for the northeast corner of Adelaide and Parliament Streets in Corktown has since undergone a dramatic design transformation. Previously encompassing 48 Power Street and 125 Parliament Street, the latest iteration now spans the entire city block, bounded by Richmond Street to the north, and now includes Hullmark as a joint venture partner.

 

The initial zoning application by Great Gulf proposed a 22-storey residential building inclusive of a six-storey podium. A revised proposal in April 2014 was submitted to the City, increasing the number of units from 431 to 446, but eliminating one storey from the tower. In November 2015, another revised amendment to the zoning bylaw was submitted by Great Gulf and Hullmark, who had purchased the remaining properties on the block.

 

The application now asks for the original 22 storeys across a much larger site, with an increase to 532 units — of which 10 percent will have three bedrooms — and 6,187 square metres of retail space. The 77.5-metre-high development, excluding the 6.5-metre mechanical portion, has a Gross Floor Area of 47,329 square metres with a density 10.5 times the area of the site.  A four-level underground parking garage housing 499 vehicular stalls and 606 bicycle spaces has also been proposed with access off Richmond.

 

 

The newest version moves away from the more slender point tower predecessor in favour of a significantly bulkier U-shaped design by Core Architects. Two connected wings of 15 storeys each frame the north and south edges of the site. A seven-storey block perched above sits perpendicular to the two wings. The alternating white and black facade allows for a softer look at street level, where expansive windows invite entry. Smaller retail units will be included on the ground floor of the four-storey podium, while the level above features a single large space suited to a grocery store. Over 2,000 square metres of amenities are planned for the fourth floor, to be divided nearly evenly between indoor and outdoor programs. A pool and seating areas are envisioned alongside the podium green roof, while a fitness centre, spa and party room may be included indoors.

 

At 21 metres tall, the podium is in line with the height of nearby warehouse properties. It is planned to be built to the Adelaide, Parliament and Richmond lot lines, leaving room on the Power Street frontage to accommodate the residential entrance, a forecourt, alcoves, and a potential restaurant patio. The ground level is setback from the street to allow six-metre sidewalks on all sides. Landscaping by Ferris + Associates includes street trees planned along Adelaide, providing contrast to the paving treatment surrounding the structure. An extension of the paving across Power Street to Orphan’s Green could be implemented as part of the upcoming Section 37 benefits to be negotiated.

 

The two elongated wings are positioned 21 metres from one another in the middle of the site, and while the northern wing sits parallel to Richmond, the southern block is angled away from the centre, thus allowing for a greater separation closer to Parliament of 42 metres.

 

The plan also identifies Parliament as a ‘Special Street’ for its “unique physical characteristics” and role in connecting the waterfront to areas of new development, such as Regent Park. This stretch of Parliament particularly lacks a strong public realm, as parking lots form gaps in the streetscape and adjacent low-rise structures provide little in the way of urbanity.

 

Richmond & Parliament Condos Have almost perfect walk score at 97 out of 100, the Transit Score at 98 out of 100. This location is in the Moss Park neighborhood in Toronto. Nearby parks include Sumach-Shuter Parkette, Moss Park and St. James Park.

 

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Kathleen Xie
Broker,CCIM,FRI
Visit our website for more details: www.torontocondosdeal.com or www.century21.ca/kathleen.xie
Email: kathleen.xie@century21.ca
Mobile:416-587-8381

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Kathleen Xie

Kathleen Xie

Broker
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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