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2006 was a breakthrough year for the West Don Lands’ industrial park. The province put the underused parcel of land into the hands of Waterfront Toronto. From then on, they have developed definitive plans, set public funds and began development. Now, the area is experiencing an exciting revitalization, and massive steps towards redevelopment have now been made. A huge part of this renaissance of sorts, are the River City residential developments by Urban Capital, which will be comprised of 3 phases.
Phase 1 of the $300 million project includes approximately 350 residential units spread across two buildings, one along King Street East and the other on the east side of River Street.
Phase 2 is a condo and townhouse development currently under construction at King Street East and River Street. It is scheduled for completion in 2015 and sales are currently available from $275,900 to over $579,900 with a total of approximately 240 residential units. The second phase is comprised of a single building, designed to appear as 3 connected 12-storey mini towers.
Phase 3 of the developments is a unique vision brought by the world renowned Saucier + Perrotte. The tower is to stand 29 storeys with a total of approximately 332 units to be completed for 2017. Currently in pre-construction, this tower will represent one of the first and only buildings to be built in the West Don Lands. With sleek, cutting edge asymmetrical design, River City Phase 3 is shaping up to be a one-of-a-kind condo project in Toronto.
The project has a wide range of beautifully designed suites and amenities that include, but are not limited to an outdoor pool and dining area, stunning landscaping throughout the complex, an outdoor dining and pool area, “lightbox” lounge and recreational party room, and two fully-equipped fitness rooms. River City is working hard to achieve the first LEED Gold carbon-neutral residential development in Canada, and includes a series of high performance and energy efficient buildings with many sustainable features designed for optimal comfort.
A five building community in the works, of over 900 loft-style condos and family-friendly town-homes, together with street-lever café’s, boutiques and restaurants, River City is about a new way and style of living, unlike any other in the city.