Lake Suites, nestled between Toronto’s downtown core and shore, promises to be a residential oasis in a developing area
A kitchen with a view
As Toronto’s waterfront undergoes a long awaited revitalization, there’s hope the city will create a beautiful area for everyone to enjoy.
With 800 hectares (1,977 acres) being re-imagined it’s one of the largest waterfront revitalization efforts in the world and expected to take about 25 years to complete. But, not everyone will have to wait that long.
People are expected to be moving in to Lake Suites, a 39-storey tower on Lake Ontario in the East Bayfront neighbourhood, by March 2023. Currently in registration, the condos are the latest offering in Greenland Group’s Lakeside Residences.
“This location and this piece of land is like a trophy for us,” Charlene Sun, Greenland’s sales and marketing manager, says of the property on the southwest corner of Lakeshore Boulevard East and Lower Sherbourne.
Greenland has 1.6 hectares (four acres) in total at the site, which it’s planning to develop in two phases. Lake Suites is the third and final building of the first phase, made up of 1,100 condos.
The 14-storey City Suites building (sold out) and the 49-storey building (with a limited number of condos, called Park Suites and Sky Suites, still available) are scheduled for occupancy in September 2022.
Lake Suites, with about 300 condos, is closest to the water and will offer some of the best panoramas.
“It will have phenomenal, unobstructed lake views,” Sun says, adding the city views will also be great.
The condos have been designed to offer residents great views of the city and the lake.
The one- to three-bedroom condos range in size from 536- to 1,100-square feet. And some of the one- and two-bedroom units are available with dens. The condos are priced from $700,000 to $1.5 million.
“This project has a great location, not only because it’s by the lake, but it also has Sherbourne Common Park beside it and Sugar Beach,” Sun says. “It’s a very peaceful, family-friendly environment, but at the same time you have the convenience of urban life.”
Lakeside Residences has walk, bike and transit scores of 93 — meaning everything from retail to entertainment is nearby. As too are about 30 hectares of parks and public spaces.
Hariri Pontarini Architects (HPA) is building the condo with a sail motive that will feature sparkling, angled glass, says Zachary Koa, Greenland’s sales and marketing co-ordinator.
And II By IV is doing the interiors in a contemporary fashion with organic, neutral colours. Landscaping will be done by Janet Rosenberg & Studio.
Residents can expect a high-quality approach to the development, similar to the company’s work elsewhere, Koa says.
Shanghai-based Greenland has operations in nine countries including Australia, the United Kingdom and South Korea. And the company is currently working on two mixed-use buildings in China — one in Wuhan and one in Dalian — that at 636 metres and 500 metres respectively will be among the 10 tallest in the world.
In Canada, Greenland is also behind King Blue Condos, a 48- and 44-storey development, by King West and Blue Jays Way. Those towers, built to complement the entertainment district neighbourhood, are expected to be completed by the end of the year.
However, Lakeside’s ambiance will be more reflective of its recreational setting on the water, by parks, promenades and beach.
The 120-metre tall Lake Suites are expected to appeal to both young professionals and families. Market Lane Junior & Senior School is just a 10-minute walk north.
The financial district is also conveniently nearby and, in the coming years, many people will be able to work even closer to home.
Unilever, the Port Lands and Google’s Sidewalk Labs are all planning developments in the neighbourhood.
“With the commercial developments it will really be bustling and there will be a lot of new jobs,” Koa says. “It will be like a second downtown.”
Although the community will grow, the idea is that it will balance green space and the water with commercial areas.
Lake Suites will boast of a rooftop terrace with barbecues, dining and lounge areas, as well as a mini-put for golf enthusiasts. Inside, it will have a fitness centre, a party room and an indoor children’s play room.
In addition, residents will be able to use the outdoor pool, which is being built to accompany the first two condo towers.
“This neighbourhood is all brand new,” Sun says. “The future potential is phenomenal and we love being a part of it.”
The sales office is located at 215 Lakeshore Blvd. East, and is open Monday to Thursday from noon to 6 p.m. and on the weekends from noon to 5 p.m. Call 416-366-8802, or visit lakesidetoronto.com.
The condo will be very close to Lake Ontario.
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- The waterfront is on the doorstep. It couldn’t be easier to make the most of Lake Ontario. Being steps from Sugar Beach and a short walk from the Harbourfront Centre means residents will be able to chill by the water, or take in some culture. Plus, they could hop onto a ferry and be whisked to Toronto Island in no time.
- Sport fans can go crazy. Feel like cheering on the home teams? Take your pick… Scotiabank Arena is about a 20-minute walk, or a 10-minute transit ride away. Whether you love Canada’s national sport and want to support the Maple Leafs, or you’re among the growing number of basketball fans rooting for the Raptors, there’s often a match on. Even the National Lacrosse League plays here.
- Foodie favourites are nearby. St. Lawrence Market is a mere 10-minute walk. There’s been a farmers market here since 1803 and the tradition continues. If you’re looking for fresh produce, a special ingredient or yummy baked goods the market’s got you covered. And if you just want to pick up a few things and forget about cooking there are plenty of restos and cafes in the hood.