Floor Plans, Prices, And All Available Updates Are Here !!!!
161 Parliament Street Condos is a new condominium development by ONE Properties, currently in pre-construction located at 161 Parliament Street, Toronto.
Considering its walking distance to the city’s waterfront, Entertainment District, Garden District and Distillery District neighbourhoods, investors will want to take notice as the mix-used tower’s prime location is undeniable.
Complete with glass panelling and a sleek, grey and black exterior, the pre-construction development’s chic aesthetic is perfectly suited to its neighbourhood. The 1.2 acre site will feature a 6 storey podium, with a 16 storey residential mid-rise on its top. Together, the building will stand at 29 storeys. Its gross floor area amounts to 477,498 sq. ft. The tower’s ground floor will be home to approximately 15,000 square feet of retail. Two floors worth of retail space will be about 40,214 sq. ft.
Investors will want to take note of the large volume of units — 584 units to be exact — planned to fill the mixed-use building. Thanks to the grocer that will be taking up the tower’s second floor, residents and others in the area will be able to grocery shop with the utmost convenience. All residential suites will sit on top of the two floors.
Residents will also have access to a proposed 3,229.17 sq. ft. parkette at the corner of Queen Street East and Power Street, perfect for enjoying nice weather and the bustling neighbourhood. A variety of indoor and outdoor amenities will also be available to residents, not limited to green space and lockers. Good news for cyclists is that designated bicycle parking will be made available.
ONE Properties is a real estate developer who have only recently entered the Toronto market, but don’t let that fool you, they’ve been an active developer throughout Canada for the past thirty years. This experience will be invaluable for building luxury condos in our city because they’ve established themselves as a successful company who has completed a diverse range of projects. In all of their dealings, they strive to create real estate that makes a positive impact on people’s lives. This is why their efforts are put toward creating developments with a focus on sustainability and community.
They began their operation in Edmonton in 1987. In 2000 they expanded into Calgary, and in 2013 they expanded again, this time to Toronto.
As a company they focus on creating value by making wise acquisitions and developments in strategic locations. They are always looking to expand and explore new opportunities, this would explain their diverse portfolio that holds office, industrial, residential, and mixed use properties. To date they’re responsible for 42 million square feet that’s either developed or in development, and 6 million square feet that’s under their management.
They approach each one of their projects with a passion for building and managing transformative properties that work for businesses, communities, and individuals. Their passion can be distilled in their three core tenets that guide every one of their decisions: integrity, collaboration, and alignment.