Yorkville luxury rental property topped off
April 4, 2017 by On-Site Magazine
Toronto – On March 31, 2017, representatives from two Canadian real estate companies gathered to celebrate a major milestone in the creation of Yorkville’s newest purpose-built luxury rental development.
“Along with our valued project partners, we are honoured to celebrate completion of the concrete structure that will form Two St. Thomas,” said Jon Love, KingSett Capital CEO. “This trend-setting, best-in-class sustainable development will provide the rental market with luxury living in Toronto’s most sophisticated neighbourhood, tailored for discriminating long-term residents renting by choice.”
Located at St. Thomas and Charles Streets in downtown Toronto, Two St. Thomas is a collaboration between Bentall Kennedy and KingSett Capital.
“In collaboration with our partner KingSett Capital, and PCL, Hariri Pontarini Architects and Cecconi Simone, we are bringing a unique product to market that we expect will set new standards for rental residential accommodational accommodation in Toronto,” said Paul Zemla, Bentall Kennedy President, Investment Management and Chief Investment Officer. “Two St. Thomas offers superb architecture and design, and the very highest level of finishes, services and amenities. This development is one of a number of projects we are pursuing that aligns with our investment thesis in the purpose-built rental residential space and reflects what we believe is growing demand for this type of product.”
Two St. Thomas will be managed by Bentall Kennedy Residential Services and offer a high-calibre living experience, including professional onsite staff and 24-hour concierge. Amenities include a lounge, a fitness centre and rooftop amenity space with unparalleled western views of Toronto.
Designed to achieve LEED Silver at minimum, the $130-million 26-storey project includes 250 suites, and underground parking. The architectural façade is composed of floor-to-ceiling windows with limestone features.
“PCL congratulates Bentall Kennedy and KingSett Capital on their innovative vision for the luxury rental market in Toronto,” said PCL Constructors Canada Inc. Senior Vice President and District Manager Mike Wieninger. “We are honoured to share this milestone with our partners and the subcontractors, suppliers and over 110 workers involved in bringing our clients’ vision to life.”
Building occupancy is expected late fall, 2017.