A new futuristic-looking tower could be coming to Yonge Street.
The 66-storey tower, proposed by the developer H&R REIT, would sit at the southeast corner of Yonge and Colborne and combining office, retail, and residential space.
The proposed tower at 55 Yonge Street would replace two office buildings — 5 storeys and 12 storeys — that currently occupy the property. Both would need to be demolished to build the tower, the project’s website says.
The new tower, designed by BDP Quadrangle and PARTISANS, has a futuristic-looking white and glass facade with several curves and a sloping peak.
Inside, the building will house 16,700 square metres of what the website calls “state-of-the-art offices,” as well as 1,300 square metres of retail space and 482 residential units.
It has not yet been decided whether the residential units will be condos or rentals, but according to architectural plans, the units will range from studios to two-storey and three-bedroom units.
Residents of the building will get to enjoy the plentiful amenities that this building will have to offer, including a pool, pool lounge, event space, multiple terraces, gym, yoga room, and study lounge.
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The new tower will also be conveniently located just a one-minute walk from the King Street Subway station and five minutes from Union Station.
The developers just submitted a rezoning application to the City this month, the approval of which will be necessary to move forward with the project.
According to the project’s website, a community meeting is expected to be scheduled by the City in the coming months, where community members will bring forward any questions or comments on the proposed development.