543 richmond residences at portland
543 richmond residences at portland -
543 Richmond Street West, Toronto, ON, Canada
543 RICHMOND STREET
Find calm away from the commotion. A chic sanctuary that says you’ve moved up. But you don’t have to move on. Dine on King, indulge on Queen and then find your way home. Steps from the Entertainment District, yet one step removed from the bustle, the best of both worlds awaits at 543 Richmond. This new project is a mid-rise condominium in the pre-construction phase in Toronto’s Fashion District. Developed in the Pemberton Group, it’s proposed to stand 15 storeys with 534 units. The building, set to be designed by Quadrangle Architects, will be U-shaped, occupying the southwest corner of Richmond Street West and Portland Street. The structure’s unique shape will allow for a publically-accessible, landscaped courtyard to be incorporated in the centre, while allowing for outdoor amenity space to be located on the roof of the ground floor.
A UNIQUE DEVELOPMENT
The midrise portion will be anchored by an eight-storey podium, while the remaining seven floors will feature stepbacks, terraces and wraparound balconies, adding a textured, architectural appeal to the site. Two levels of underground parking are proposed, which will include 262 spaces for vehicles and 659 spaces for bicycles. The unit mix is expected to incorporate 6 bachelor units, 171 one-bedroom units, 185 one-bedroom-denand 174 two-bedroom units, a diverse combination suitable for a wide range of professional owners or tenants. The residential lobby is expected to be accessed along the site’s western façade, with indoor amenity space located in the building’s mezzanine.
This new condo project is located in a portion of downtown Toronto designated as a “regeneration area.” The immediate area is occupied by a mix of historic warehouses, modern condominiums and mixed-use buildings, but the regeneration designation is encouraging the restoration and re-use of many of these existing buildings, along with the revitalization of sites that are underutilized. These policies are encouraged to house the expected growth for the city’s downtown, meaning it’s a great time to invest in property here. Young professionals, creative types and executives who crave the downtown energy, flock to this neighbourhood, both for its unique architecture and proximity to some of the city’s hottest restaurants, clubs, bars and art galleries. It’s mere steps from the trendy West Queen West area and the Entertainment District, both vibrant pockets throughout the day and night.
Listed By Kathleen Xie of CENTURY 21 Leading Edge VIP Realty Inc.
in Service Agreement with CENTURY 21 Leading Edge Realty Inc., Brokerage*