Prices starting at $500,000
About the Condo
Altera Developments team up with Quadrangle Architects in the development of Fashion District’s next stylish address, Rush Condos. This contemporary mid-rise building of 13 storeys will house just 108 suites.
Residents will appreciate the vibrancy of the surrounding area but the slower pace of this particular strip- not to mention, daily necessities are just a stone’s throw away.
The façade of the building will feature wide windows and balconies for those who prefer to have private outdoor space. Amenities are set to include a landscaped roof-top terrace, a collection of indoor facilities, 36 parking spots and much more.
Rush Condos will be a modern addition to one of Toronto’s top “regeneration areas”. This pocket of the city is rich in historic buildings that may become condominiums in the near future.
Starting at $500,000
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Location and Neighbourhood
Condos in Toronto’s Fashion District have a unique appeal. The neighbourhood has strong historical roots, having been the center of the city’s garment and textile manufacturing industry in the early twentieth century. Its influence can still be seen in the many art deco-style warehouses lining the stretch, many of which have been converted into residential lofts, art galleries, restaurants or office space for creative and technology-based businesses.
In the past few years, we’ve seen more contemporary condominiums popping up here too, as young professionals begin to favour the area for its proximity to trendy neighbourhoods like West Queen West, Chinatown and the Entertainment District. Many of these are mid-rise buildings, designed to complement the area’s existing streetscape.
In the Fashion District, you’ll find a selection of trendy bars, cafes and boutiques, making it a great pocket of the city to start or end your day. With all of these trendy developments nearby, this location is awarded a near perfect 99 on its Walk Score, this means that you can accomplish your daily errands without the use of a car.
The city has designated this portion of its downtown as a “regeneration area,” which allows for a wide range of uses, including residential, commercial and light industrial.
Despite the trend for mid-rise and boutique buildings here, a seven-acre redevelopment is proposed for the southern part of the neighbourhood that will see seven towers, significant office space, a retail galleria and pedestrian mews. We love the idea of investing in property near large-scale mixed-use projects, as it adds value and presents even more opportunities to work, shop and enjoy the public realm in a modern setting.
520 Richmond Street, West Toronto, ON M5V 1Y4
Alterra’s proposal calls for 15 storeys and 108 residential units with commercial space at grade. The unit mix is expected to include:
- 50 one-bedroom suites ranging from 458 to 544 square feet
- 30 one-bedroom-plus-den suites ranging from 577 to 700 square feet,
- 17 two-bedroom suites at 736 square feet
- three-bedroom plus suites ranging from 877 to 902 square feet.
36 parking spaces will be located underground, along with bicycle spaces. A landscaped rooftop terrace is expected to be included, along with a selection of indoor amenities.