The heart of the city
Theatre District Residence is a 48-storey tower designed by Quadrangle and planned to replace a surface parking lot in the busy Entertainment District. Initially proposed as a 496-unit condo tower, the use has been modified to include a 353-suite hotel occupying the bottom 28 storeys of the building, while the upper portion of the tower will house a reduced 131 condos. The height of the tower remains the same at 48 storeys, rising to 156 metres (512 ft), and sitting atop a 10-storey podium. The development represents a floor space index of 22.44, with the tower to sport a slender floor plate size of only 570 m2.
Theatre District Condos will occupy a premium location in Toronto’s exclusive and highly sought-after downtown core. It will be located just one block north of the heart of Toronto’s renowned theatre district, which is often ranked alongside London and New York as the best in the world. The site is also contained within the city’s entertainment district, a feature that offers residents endless nightlife options and easy access to an amazing array of restaurants, eateries, pubs, bars, and nightclubs.
Future residents will also be within easy walking distance of Toronto’s Eaton Centre, as well as the eclectic and exciting array of shops and boutiques that line Queen Street West. All the city’s major sports and entertainment venues are close by, including the Rogers Centre, Air Canada Centre, BMO Field, and Ricoh Coliseum. The Four Seasons Centre for the Performing Arts, City Hall and Nathan Phillips Square, Dundas Square, Queen’s Park, Ryerson University, and the University of Toronto highlight the long list of other major city attractions in the area.
The St. Andrew and Osgoode stations on the Univeristy-Spadina branch of the TTC subway’s Line 1 are reachable on foot within minutes, and residents also enjoy easy access to east-west streetcar service on King Street and Queen Street, as well as north-south streetcars on Spadina Avenue.
This outstanding proximity to multiple transit options is supplemented by the site’s location near entrances to the Gardiner Expressway and Don Valley Parkway. From these thoroughfares, drivers can easily reach Pearson International Airport, the Queen Elizabeth Way, and Southern Ontario’s extensive intercity network of 400-series highways.
While Toronto’s central core has been dramatically reimagined in recent years through the construction of multiple residential projects in its historically underdeveloped waterfront areas, condominium units in the city’s traditional downtown hub remain in extremely high demand. Residential suites in these parts of Toronto tend to post outstanding rates of appreciation, creating the potential for excellent financial returns and making Theatre District Condos especially appealing to investors.
Development Name: Theatre District Residence
Architect: Quadrangle Architects Limited
Address: 8 Widmer St, Toronto, ON M5V 2E7
Main Intersection: Peter St / Adelaide St W
Building Type: Mixed-Use – Residential, Hotel, Office & Retail
Number of Buildings: 2
Number of Storeys: 48 & 50 Storeys
Total Units: 728 Units
Unit Types: 1 Bedroom (+Den), 2 Bedrooms (+Den) & 3 Bedrooms (+Den)
Unit Size Range: 380 sq.ft to 1000 sq.ft
Year of Completion: 2021