Property Address
Description
Condo Project Summary
This project is a pre-construction condominium under development by Pinnacle International in downtown Toronto. The first phase of an exciting master-planned community at the foot of iconic Yonge Street, The Prestige Condos at Pinnacle One Yonge is scheduled for a 2022 occupancy.
Standing 65 storeys, this high-rise tower is scheduled to feature a selection of contemporary condominium units with expansive lake views, as well as retail space and access to a state-of-the-art community centre.
Take advantage of this burgeoning waterfront location as it grows at a rapid pace, adding residential and commercial opportunities as well as increased greenspace, public art and an underground connection to the downtown core’s PATH system.
Amenities
The Prestige Condos at Pinnacle One Yonge situated at 28 Freeland Street – just steps from where 1 Yonge Street and Lake Shore Boulevard East converge – this tower is designed to include a six-storey podium with a 59-storey element rising above.
Designed by the globally-recognized Hariri Pontarini Architects, the building will consist of a spacious, light-filled podium and a modern tower, showcasing clean lines and extensive glazing. The podium will house retail at street level, along with a community centre occupying the entire second floor and part of the first. The community centre will feature a range of programs, along with a full-sized gymnasium, swimming pool and a teaching kitchen.
Residential units will consist of 330 one-bedroom units at 586 sq ft, one-bedroom plus a den at 696 sq. ft., 144 two-bedroom at 759 sq. ft., and 56 three-bedroom units at 1,873 sq. ft . Over 14,000 square feet of indoor amenity space will be incorporated into the building, including a fitness centre, meeting rooms, a kid’s playroom and a party lounge with kitchen and private dining facilities.
Units will come complete with high-end finishes not limited to laminate flooring, sliding doors, quartz countertop, chic cabinetry in the kitchen, and high end appliances including a stainless steel microwave and undermount sink.
A massive 40,000 square feet of outdoor amenity space will be part of the design too, in the form of several outdoor terraces, including one on the building’s rooftop.The surrounding community will also present external amenities, including a public park, and spacious community centre.
707 parking spaces in six levels of underground parking will be available for the entire community.
Location & Neighbourhood
This tower is part of the multi-phase community known as Pinnacle One Yonge. When completely finished, the project will house three residential towers, a hotel, retail and restaurant space, a state-of-the-art community centre and a pedestrian promenade weaving through the community.
It takes advantage of Toronto’s booming waterfront area, a long underutilized stretch that’s undergoing a significant amount of mixed-use development. We’ve seen the area turn from a sleepy industrial pocket to a promising downtown neighbourhood with luxury high-rises, new teaching facilities for both George Brown College and OCAD University, and a series of retail and restaurant promenades. One development is estimated to create space for up to 2,000 office jobs alone, while another one is dedicated to housing office, programming and studio space for the arts and cultural sphere.
Queen’s Quay, which borders the waterfront in this neighbourhood, has recently undergone a transformation and now includes an extended streetcar route, trees and a promenade that runs along the water, popular with joggers, cyclists and dog walkers. It’s a short walk to the ferry terminal for a picturesque day trip to Toronto Island, or to the velvety shores of Sugar Beach, a popular hangout in the warmer months.
This location scores high with a Walk Score of 97 and a perfect Transit Score of 100, making it incredibly easy to get around. As if this busy, harbourfront neighbourhood needed any other perks, it’s a 10-minute walk to Union Station, in the heart of the city’s Financial District where it’s estimated 200,000 people work. This is a great area for the executive professional or urban enthusiast that wants to be part of all downtown has to offer, while having access to a tranquil lakeside lifestyle.