By: Greenland Group
This new condo project is a pre-construction condominium development in Toronto’s rapidly-transforming East Bayfront neighbourhood.
It will include two striking condominium towers, along with townhomes and a collection of low and mid-rise buildings. Developed by the Canadian arm of the globally-recognized Greenland Group, Lakeside Residences is slated for completion in 2020.
These East Bayfront condominiums will occupy 3.8 acres just west of Lower Sherbourne Street. The project made major headlines when it was announced that Greenland Group – a prolific development firm with roots in Shanghai and projects all over the world – had purchased the underutilized land from two of Toronto’s top developers.
Featuring striking architecture and one of the city’s most transformative waterfront pockets, it’s also immediately next door to the site of an innovative new “smart city” that has just been proposed by Google’s Sidewalk Labs.
500,000 - 691,000
215 Lake Shore Blvd E, Toronto, Ontario, Canada
Location & Neighbourhood
Condos in the East Bayfront neighbourhood present a great investment opportunity. The pocket is part of what we call the “Lower Yonge Precinct Plan,” an ongoing planning project spearheaded by Waterfront Toronto and the city to address the substantial growth expected for the area.
A picturesque location right on the shore of Lake Ontario, it’s an area that is ideally located, but has been underutilized until recently. One of the most recent transformations the neighbourhood has seen is the Queen’s Quay revitalization.
This project saw the introduction of a tree-lined, multi-use promenade created along the waterfront, now popular with walkers, joggers and cyclists. In addition, a new streetcar service was added, which now connects Union Station to the East Bayfront area.
There are several developments along this corridor either in the construction or pre-construction phase, including a large arts-and-culture-inspired project that will see new campuses for both OCAD and George Brown, as well as gallery space and a retail and restaurant galleria. Just to the west, another development will add significant office space, creating room for approximately 2,000 jobs.
The condominium site is also immediately next to the new “Quayside” community, proposed by Google’s Sidewalk Labs. This exciting project will see 12-acres of land turned into a technology and urbanism-inspired hub that includes residential, office space, new streets and a new headquarters for Google. It’s primed to make Toronto a global technology destination.
The Financial District, where it’s estimated almost 200,000 people work is only minutes away by streetcar, as is the historic St. Lawrence Market and the velvety shores of Cherry Beach, a popular entertainment and relaxation spot in the summer.
These condos will be part of Concord Park Place, which is being developed by one of the most influential developers in Toronto, Concord Adex. They’re renowned for playing one of the most influential roles in shaping Toronto’s skyline by developing the the CityPlace master-planned community, which was pivotal for fleshing out the cityscape from the waterfront.
We expect the same thing to happen with Park Place. This will be a walkable and integrated new neighbourhood with plenty of shops in the ground level of the buildings.
This trio of buildings will feature an innovative twist on the railing balcony with a curved European flair along its signature stature. Each building will have its own impressive and unique view of the 8 acre parkland surrounding this preconstruction development. Sharing one pavilion-style podium, this project will be the epicentre of this new neighbourhood.
Suites throughout this project will range from junior 1-bedroom units starting at 372 to 455 square feet. 1-bedroom units ranging from 555 to 711 square feet. 1-bedroom plus den units ranging from 727 to 875 square feet. 2-bedroom units will range from 727 to 1172 square feet and 3-bedroom units will range from 1168 to 1698 square feet. There will surely be a layout perfect for any walk of life.
Lakeside Residences By: Greenland Group
|Sales Status:||Building Type:||Suite Sizes:|
|Platinum Pre-Construction||Condo||448 sq.ft to 1,654 sq.ft|
|Starting Price Per Square Foot:||Parking Price:||Maintenance Fees:|
|$ 1,116.07/sq.ft||$ 120,000||$0.75/sqft.|