Lanterra Developments has submitted an application to the City to develop an exciting condominium property at 501 Yonge Street. Developed by Lanterra Developments, this $ 38.5 million dollars project as proposed is set to feature two 58 storey condo towers above a 7 storey podium consisting of retail uses at ground level. Because the subway runs underneath the site parking will be included above-ground in the podium. Design will be by architectsAlliance. This property will have approximately have 960 residential units and ground floor retail space will make this a thriving self-contained community.The north tower lobby would sit on Maitland Street with the south tower lobby fronting on Alexander Street.
The building includes a residential gross floor area of 70,229 square metres with 35,755 square metres in the south tower and 34,474 square metres in the north tower. The applicant is proposing 768 square metres of interior and 826 square metres of exterior amenity space in the south tower. In the north tower the applicant is proposing 657 square metres of interior and 683 square metres of exterior amenity space. The exterior amenity space is proposed on the roof of the podium.
The area is convenient to local Yonge Street shops and restaurants as well as the thriving Chrch Street and Bloor Street communities. For more information visit our website sellorrent.ca. Sellorrent is the leading source for news and information on the real estate and development industries in Toronto. Sellorrent.ca advertising options provide more flexibility than ever before to help you achieve your business goals and objectives.