40 Wellesley Street, Toronto
Located at Yonge and Wellesley, one door away from the Toronto Transit subway station, this site is within the booming high-rise condo communities that are part of the forecasted intensification of locations on key public transit arteries. The property was promptly acquired for development. The present 14,386 square foot site consists of a five storey commercial building with one floor of underground parking and 17 parking spaces. The design expertise of Thomas Payne of the architectural firm of KPMB Architects LLP has been brought to the design team to develop a design concept that makes a recognizable statement in the community and that accommodates the relationships’ with adjacent developments. The proposed concept is a vertical community of approximately 175,000 square feet of residences and 4700 square feet of critically located street level commercial space, within an estimated 29 storey building.