For Sale, Pre-construction - Condominium
Nestled on Toronto’s Waterfront, Sugar Wharf Condominiums is everything you’ve been dreaming of. A place where dreams, work and play live happily. It’s where homes, offices, shopping, restaurants, daycare, transit, schools and parks are rolled into one magical community. Sugar Wharf combines everything you love into the sweetest life you can imagine.
Toronto’s waterfront is getting a new development that’s bound to change its appearance.
Mayor John Tory was at the 11.5 acre location, which broke ground for construction on Thursday at 100 Queens Quay East. Lead by Menkes Developments Ltd., the property will soon be the new mixed-use Sugar Wharf community.
The Sugar Wharf development site was purchased by Menkes back in 2016. Currently, the Liquor Control Board of Ontario (LCBO) occupies three buildings on the property, a retail store, a four-storey office building and a warehouse facility, and when the new construction is completed, the LCBO will remain a major tenant at the Wharf.
Located at the northeast corner of Queens Quay East and Freeland Street, one block east of Yonge Street, the new office tower will be a 25-storey building designed by B+H Architects.
The LCBO will occupy approximately 225,000 square feet, or 33% of the East office tower, and the ground floor of the building will feature a 25,000 square foot flagship LCBO retail store, which is replacing the current Queens Quay store.
Besides the new office tower, the Sugar Wharf community will include retail and residential components. There will be approximately 300,000 square feet of multi-level commercial retail space, including the new flagship LCBO store, as well as a new grocery store.
As for the residential component, it will include five condominium towers, varying in height from 64 to 90 storeys, and a mid-rise rental building. According to the developers, they will pay tribute to the previous historic uses on the lands by integrating key elements of the existing LCBO office building and warehouse into the project and the creation of “a vibrant heritage mews.”
Menkes is also working with the Toronto District School Board as it intends to incorporate a new public elementary school into the community. The plan is to locate the school on the 2nd and 3rd floors of the commercial podium, which would make this the school board’s first vertically-integrated school in the City.
“Our goal with Sugar Wharf is to create a multi-dimensional, self-sufficient, 24/7 community that meets the diverse needs of the future population who will work, live and play here,” said Alan Menkes, President of the High-Rise Residential Division of Menkes, in a statement. “Toronto has a thriving downtown and people want to live here. We are seeing increasing demand for condominiums from all segments of the market, from first-time buyers, to families with children, to empty nesters.”
To add greenery to the area, a two-acre park is planned as an anchor to the Wharf, and will be located on the north side of Queens Quay East, between Freeland and Cooper Streets. Menkes says that the new park is envisioned as an active use space that will serve both the new community, school and the larger downtown core population.
“This new mixed-use community hub will provide new homes, a school, a public park, and help attract business and job opportunities. Investments like these help bolster Ontario’s economy while providing convenience for consumers and improved quality of life for people,” said Charles Sousa, Ontario Minister of Finance.
Developers are planning to connect all buildings at Sugar Wharf to Toronto’s weather-protected indoor PATH pedestrian system, when the PATH network is expanded east of Yonge Street in the future.
ugar Wharf Condos is an exciting new mixed-use condominium development coming up at 95 Lakeshore Blvd East, in the Heart of Toronto. Yonge Street and Lakeshore Boulevard East is the major intersection. This massive project by Menkes Developments Ltd.
The project is proposed to comprise a 600,000 square feet, 24-storey office tower and commercial retail space of 300,000 square feet, a new multistorey residential community along with a 2-acre community park. The condos will sit on the 11.5 acre spot where the LCBO flagship buildings are positioned at the moment on the Queens Quay East and Freeland Street’s northeast corner.
The development is flanked by ingenuity, inspired by arts coupled with culture, and driven by modernization. A phenomenal lifestyle awaits those who will call this place home. Both residents and visitors will be able to access dynamic outdoor leisure spaces all year round. They include Sherbourne Common, the Water’s Edge Promenade, Sugar Beach, three marinas, a boardwalk, wave decks, cultural activities at Harbourfront plus plenty more. On completion, the development will be a totally integrated mixed-use sustainable, visionary gateway, hence making it a major and highly coveted lakefront address in Toronto.
The development is just steps to luxurious shopping as well as eateries. Getting to hotspots such as the Financial and Entertainment Districts, the historic St. Lawrence Market or the Distillery is a walk in the park. The area boasts of a vibrant mixture of residents that include professionals, students as well as downsizers. This is as a result of new educational opportunities in the neighbourhood, closeness to the city centre and a number of high-density employment districts. The above factors makes Sugar Wharf Condos a wonderful development for smart homebuyers or investors to consider putting their money in.
The Toronto City’s Lower Yonge Precinct Plan estimates that approximately 35,000 people will live, work and play in the location stretching from Yonge Street to Jarvis – south of the Gardner all the way to Queens Quay. It is prudent to be among the thousands who will soon be calling this innovative neighborhood their new metropolitan haven. There is no better time to invest on a locale like this that is developing than now – while it is still on the brink of its full potential.
Sugar Wharf Condos was formerly known as 95 Lakeshore Condos. According to the developers, this luxury project will house about 6 monolith towers. The first phase of the residences is proposed to be a twin tower 79 and 80-storeys respectively, with 1,927 condo units in total. It will comprise of 65 bachelor as well as 1,078 one bedroom and 593 two-bedroom units, while the remaining 191 will be three-or more bedroom suites. The large offering of 1-bedroom units is aimed at addressing market demand. However, the project’s contribution of several two-bedroom and three-bedroom suites will create new housing opportunities for families on the waterfront.
This first phase of Sugar Wharf Condos will have a new LCBO headquarters plus store and is expected to put 8,000 residents and 1,000 jobs on the waterfront. Menkes Development says that when fully built, the entire waterfront area is expected to have 40,000 people and 40,000 jobs.
Occupancy for the 100 Queens Quay East office tower is expected in the spring of 2021.