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Developer plots construction of Canada’s tallest condo tower in downtown Toronto


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February 12, 2020 by On-Site Staff

At 313 metres, the building will be the tallest in the country, assuming antennas are excluded from the count. PHOTO: Pinnacle International

A new building project planned for downtown Toronto is poised to see the tallest residential tower in the country rise at the foot of Yonge Street.

Pinnacle International officially launched the 95-storey waterfront project Feb. 12.

At 313 metres, so-called SkyTower would top a pair of other new residential towers that are currently under construction and slated to take over the city’s, and country’s, tallest condo crown. At that height, the tower would also beat out First Canadian Place in the Financial District as the tallest building in Toronto, assuming the twin antennas on the office building built in the mid-1970s were not counted — an often contentious issue.

The building is the second phase in a multi-stage development at One Yonge — the site of the Toronto Star building. Pinnacle said the new building, designed by Hariri Pontarini Architects, will include 800 condo units ranging from 520 to 2,300 sq. ft.

The first phase of the development, a 65-storey condo known as the Prestige, is already under construction. A third residential tower, along with two office buildings and a hotel are also planned.

More details about construction of the new 95-storey building are expected to be available shortly. Occupancies are planned for 2024.