540 King Street West Condos

540 King Street West Condos is coming to the corner of King and Spadina, in downtown Toronto. The award-winning home builders at Great Gulf have teamed up with Allied Properties to create a smart, stylish new mixed-use mid-rise development at one of the most desirable intersections in the core.

Currently branded as 540 King Street West Condos, the project will incorporate generously sized retail, office, and residential units into a 15-storey tower. This intelligently designed and creative development will take full advantage of its outstanding location in the bustling centre of one of Toronto’s most livable neighbourhoods.

Boutique Living in a Premium Location

The 540 King Street West Condos project is currently configured to include a total of 80 units, making it a rare boutique option in a downtown residential scene dominated by soaring, mega-density high-rises. Great Gulf will be leading the development of the project’s residential section, while Allied Properties is taking charge of its office and retail components. Reports indicate that the office and retail elements of the property will occupy a total area of 198,541 square feet, including 166,658 square feet of office space and 31,883 square feet of street-level retail.

Designed to match the character of the existing street wall, 540 King Street West will feature an engaging frontage set back from the sidewalk to allow ground-level retailers to create outdoor patio lounge spaces. Stylish architectural touches like natural stone pilasters, tall ceilings, broad glass panels, and bronze arbours will add grace and elegance to the street-level elements and the entrances to the office sections, building a strong appeal for tenants with refined tastes.

These design elements will also facilitate a strong sense of interaction between the retail, commercial, and residential components, fostering a community atmosphere.

About 540 King Street West Condos

The project’s condominium suites were designed to primarily appeal to high-occupancy households, with generous square footage defining the 2-bedroom and 3-bedroom units that makeup 94% of the development’s residential community. These residences will be accessible via a dedicated entrance accessible from Morrison Street, with those on the upper storeys enjoying private balconies and expansive terraces with beautiful city views.

Amenity spaces include both indoor and outdoor facilities. Inside, a 1,259-square-foot community area will connect to a private outdoor terrace, which will be accessible to all condominium residents. Tenants of the project’s commercial spaces will also enjoy two dedicated outdoor terraces, connected by an indoor common area measuring 2,400 square feet (223 square metres). While few details about the indoor amenity spaces have been released thus far, insiders expect that they will include appealing features like fitness studios, event rooms, and media rooms. Further details will be forthcoming in the weeks and months ahead.

Generous parking allowances will also be available to both residential and commercial occupants. A three-level underground garage with a 125-vehicle capacity will include spaces for up to 161 bicycles, with 53 vehicle spots and 77 bicycle spots reserved for the exclusive use of condo suite owners.

About Great Gulf

Great Gulf is overseeing the development of the residential suites in the 540 King Street West Condos community. This award-winning firm has over 40 years of history, with more than 50,000 homes in its impressive portfolio. Adopting a streamlined and integrated business model that includes land development, planning, financing, design, construction, and sales, Great Gulf enjoys precision control over its projects. This enables the company to realize uncompromised executions of its residential visions, which is a major reason why it enjoys such outstanding rates of customer satisfaction.

Allied Properties will manage the community’s office and retail elements. One of Canada’s largest, most valuable, and most trusted publicly traded real estate investment trusts (REITs), Allied Properties enjoys a sterling reputation as one of the nation’s top property development and management firms. With holdings in seven major cities across the country, Allied Properties is deeply invested in Canada’s success, and the firm brings a time-tested, proven track record to every project in which is participates.

Architectural services for the development are being provided by Hariri Pontarini, one of Canada’s most sought-after and acclaimed design studios. Headquartered in Toronto, Hariri Pontarini was founded in 1994, and its advanced understanding of the GTA market is a major reason why the firm has its fingerprints all over Toronto’s recent surge of explosive growth. You can learn more about the company’s many recent successes in the multi-residential sector by browsing its online portfolio of past projects.

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