RUSH Condos

By: Alterra

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Platinum Incentives

  • 1 Year free maintainance
  • Capped Development Charges
  • Leasing During Occupancy
  • Free Assignment
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Project Summary

This is a new project is a pre-construction condominium in Toronto’s Fashion District, proposed by Alterra Developments. A contemporary mid-rise building, RUSH Condos is slated for a 2022 occupancy.

This stylish home will give a vibrant neighbourhood yet another modern addition that still pays homage to the area’s rich history while offering a wealth of condominium-style conveniences.

The development site sits on the northwest corner of Richmond and Augusta Avenue, a leafy, yet modern pocket that’s rich with historic buildings.

Price Range

21,500 - 691,000

Deposit Structure
  • 10% on signing up
  • 6% in 30 days
  • 7% in 60 days
  • 5
  • 5% on occupancy
Completion

2025-31

Location

520 Richmond St W, Toronto, Ontario, Canada

Location & Neighbourhood

Condos in Toronto’s Fashion District have a unique appeal. The neighbourhood has strong historical roots, having been the center of the city’s garment and textile manufacturing industry in the early twentieth century. Its influence can still be seen in the many art deco-style warehouses lining the stretch, many of which have been converted into residential lofts, art galleries, restaurants or office space for creative and technology-based businesses.

In the past few years, we’ve seen more contemporary condominiums popping up here too, as young professionals begin to favour the area for its proximity to trendy neighbourhoods like West Queen West, Chinatown and the Entertainment District. Many of these are mid-rise buildings, designed to complement the area’s existing streetscape.

In the Fashion District, you’ll find a selection of trendy bars, cafes and boutiques, making it a great pocket of the city to start or end your day.

The city has designated this portion of its downtown as a “regeneration area,” which allows for a wide range of uses, including residential, commercial and light industrial.

Despite the trend for midrise and boutique buildings here, a seven-acre redevelopment is proposed for the southern part of the neighbourhood that will see seven towers, significant office space, a retail galleria and pedestrian mews. We love the idea of investing in property near large-scale mixed-use projects, as it adds value and presents even more opportunities to work, shop and enjoy the public realm in a modern setting.

Amenities

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.

Development Details

RUSH Condos By: Alterra

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:
$ 47.99/sq.ft $ 120,000 $0.75/sqft.

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