Streetcar Developments began demolition last week on what will be their largest project to date, an 8-storey, 182-unit condo building estimated to cost $60 million and designed by
Quadrangle Architects.
"We typically do 50-100-unit buildings," says Streetcar's vice president of sales and marketing, Jeanhy Shim, "so having a building this size is unusual for us."
Streetcar is demolishing a 3-storey office block at 510 King Street East to make room for the new condos, known as
Corktown District phase II (phase I is going up down the street at 549 King East), and even though it's the biggest they've done, it's still well within the definition of mid-rise.
"Philosophically, we're commited to building in-fill downtown neighbourhoods, to improve existing neighbourhoods," Shim says. "We're not interested in doing towers."
The building is scheduled to be ready for owners and tenants by July, 2012.
Writer: Bert Archer
Source: Jeanhy Shim, Streetcar Developments