Description
This new condo project is a great option for investors and those looking for an income property in one of the city’s hottest districts.
101 Spadina Condos is a mixed-use high-rise condominium development in Toronto. This 46-storey pre-construction project by Devron Developments and Great Gulf Home is located at 101 Spadina Ave, just south of Adelaide Street West in Entertainment District.
On the ground level, there will be nearly 12,000-square-feet of retail space. The units will run on the more spacious side, with 10 to 15 percent being allocated for three-bedrooms.
101 Spadina Condos is great for catering to the growing number of families who are looking to work, play and raise their children downtown. Diamond Schmitt Architects will be designing the building. So far, they have indicated the tower will incorporate a significant amount of brickwork and masonry, complimenting the many historic structures to the north and south.
On the roof of the podium, 4,400 square feet of indoor amenities are proposed, likely including a party room and fitness centre. 11,500 square-feet of outdoor amenities are also proposed for this floor, likely taking the form of an expansive rooftop terrace. Additional outdoor space is proposed for the 21st floor, which would offer spectacular views of the city.
The six or seven floors of office space will total almost 150,000 square-feet of workspace; a great opportunity for a neighbourhood that’s heavily populated with a mix of finance, technology and creative businesses.
Along the eastern portion of the site, the developers have proposed a public, climate-controlled retail galleria that will house shops and services, along with a lobby for six floors of offices in the building’s podium. The galleria is a particularly unique feature of this building and has the potential to host arts and cultural exhibitions or public programming.
Location & Neighbourhood
101 Spadina Condos sits in the downtown Toronto “Urban Growth Centre,” as designated by the province of Ontario. These areas are primed for a significant population growth in the coming years, both residentially and commercially, making them great neighbourhoods to invest in.
Condos in the Entertainment District command some of the city’s highest rental rates and are in demand with young professionals, urbanites and executives who work in the nearby Financial District. It’s an exciting and vibrant place to live, surrounded by some of the city’s hottest clubs and restaurants, yet some of the city’s most charming historic buildings. There are several exciting developments planned here for the next few years, including the addition of a new OCAD campus. Arts and culture are both at your fingertips, with an abundance of galleries in the area, and some of the city’s most beloved theatres.
