The New Prestige Condos Development Set to Be a Game Changer for the Toronto Skyline
A new condo development in Toronto, Prestige Condos at 1 Yonge, will provide discerning buyers with a wealth of amenities and options. Developed by Pinnacle International, the project is currently in the preconstruction phase. When the project is complete, which is scheduled to occur in 2019, it will contain 4,137 luxury and lake-view units in six buildings.
New Prestige condo projects are certainly not anything new to Toronto. Over the course of the last year, Toronto has seen its fair share of new condo projects. 1 Yonge Condos is not just any condo project, however. The new development will take full advantage of the latest trend toward mixed-use and include not only the condo but also a hotel as well as office and retail space. Also notable is the fact that the new project will be the largest in the country, reaching a height of between 70 and 98 stories among the four total residential towers to be included in the project. In total, Pinnacle Developments spent approximately $250 million to purchase the land on which the project is being built. Hariri Pontarini, a Toronto-based architectural firm, has been hired to design the project. The firm has previously handled such projects as Ordinance Triangle, FIVE, Shangri La, One Bloor, and Massey Tower.
ONE YONGE CONDOS IN TORONTO
|Price/sqft||Approx. $1200 per square foot|
|Storeys||65, 95, 80, 35 & 22 storeys|
|Units||2962 total units|
|Suite Types||1-Bed, 1-Bedroom+Den, 2-Bedrooms+Den & 3-Bedrooms+Den|
|Est. Completion||May 2022|