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Real Estate


A monster condo project could be headed to the St. Lawrence Market area

(Image: chriskay)

It’s generally agreed that urban planners have done a good job of organizing the St. Lawrence Market neighbourhood. With its eclectic mix of condos, subsidized apartments, restaurants, shops and hang-out spots, it’s an example of successful urban renewal, and that’s one reason why it made our “Where to Buy Now” list this year. But now there are rumblings of a new mega-condo project  that could give even pro-development types reason to pause. Urban Toronto reports that the Pemberton Group has submitted a proposal to the city to build 1,663 units on an entire city block at Front Street East and Sherbourne. The development would consist of two towers, of 33 and 34 stories each, atop bases of 13 and 17 stories, with retail space on the ground floor. Internet commenters have already started to rage over the project’s scale, so we expect some vocal opposition at public meetings in the coming months. [Urban Toronto]