The Prestige – Pinnacle One Yonge
No. of units: 3885
Developer: Pinnacle International
Address: 1 Yonge St. Toronto, ON M5E 1W7
Building Details: The building is located at a famous address that was the home of the Toronto Star for decades.
It is the first phase in the exciting Pinnacle One Yonge development that will see three large residential towers and two office buildings built.
Included in the plans is the development of a 50,000-sq.-ft. community centre that will be operated by the City of Toronto and will contain a 25-metre swimming pool, gym and various activity rooms.
In addition to the community centre, Pinnacle One Yonge will have a impressive array of amenities at their disposal, including a dog run with dog wash stations, a walking track, gyms, a spin studio, barbecues and outdoor dining areas, indoor and outdoor play areas for kids, party rooms, and much more.
Neighbourhood: The address itself says it all: One Yonge. At the beginning of Toronto’s most famous street, The Prestige is just stone’s throw away from the Lake Ontario waterfront and a short walk from the heart of downtown Toronto. You’ve literally got it all at your doorstep when you live here.
1 through 7 Yonge Street redevelopment preliminary concept by Hariri Pontarini Architects for Pinnacle International. The images represent the initial submission, but the figures below represent the changing plans from the December 2014 resubmission. The shortest of the buildings is the existing 25-storey Toronto Star building.
There will be 3 towers for 1 Yonge Condos – 95, 85 and 65 storeys and 2 office towers of 22 and 35 storeys. There will be a fitness center with full facilities. 1 Yonge Condos will also include a public courtyard, with retail and office spaces available. It is proposed the tallest building in the country.
Queens Quay, however, redevelopment is in progress for the land that had the former printing plant and distribution centre, as well as the parking lot on it.
The architect, Hariri Pontarini has planned to make this the new premium landmark. Overlooking the Lake and the Toronto skyline, these new developments plan on being the highest towers in Canada and situated on the longest street in the world that dives the city into east and west.
The site will be completely transformed by glass high rise towers, restaurants, retail space, a hotel, a public square and 17 meter promenade. Rising above the city, towers are proposed to be between 70 and 88 storeys tall, if the zoning and city permits. These will be the tallest towers in the city.
Hariri Pontarini plans on towers that will be award-winning in design. All towers are proposed to be different and to give off a curve impression.
There will be over 4,100 units available for residence. 1 and 7 Yonge will be the new address, but the other towers will most likely have different addresses.
An Excellent Location for the New Condo Project
The massive amount spent to procure land for the project certainly seems to have been well worth the investment, as the new project will have one of the most highly coveted addresses in Toronto, Yonge Street on the harbourfront. Along with office and retail space, Yonge will also feature a public space and a state-of-the-art fitness center, a restaurant/lounge, and upscale recreation facilities. In total, the project will contain more than 800,000 square feet of commercial space.
Pinnacle Development certainly has the experience to bring such a project to fruition. The development firm has already completed two condos along the waterfront: Success Tower and 33 Bay St. Condos. In the past, Pinnacle has handled projects from as near as Vancouver all the way to San Diego.
Pinnacle International is one of North America’s leading builders of luxury condominium residences, master-planned communities, hotels and commercial developments.
Based in Vancouver, BC, Pinnacle has been involved in the development, design, construction and management of their projects for over 40 years. With this experience and expertise, Pinnacle has completed over 7,000 residences to help create and enrich neighbourhoods in Vancouver, Toronto and San Diego.
Pinnacle has development plans for an additional 10,000 residential suites located in various master-planned, mixed-use locations throughout North America.
With over 20 completed projects in Greater Vancouver, Pinnacle International has played a role in creating some of the most vibrant neighbourhoods in Greater Vancouver.
Pinnacle’s landmark buildings include The Pinnacle condominiums in Yaletown; Venus, Classico, The Ritz and The Sapphire in Coal Harbour, and at Broadway & Arbutus with Pinnacle Living Broadway and West 10th & Maple. In False Creek, Pinnacle has completed 1887 Crowe and TheOne, and will be launching Pinnacle on the Park this Fall.
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