Construction of an innovative residential complex atop a downtown strip plaza is expected to begin in less than a year — but you’ll be able to put money down on a unit in just a few weeks.
Slate Asset Management says condos in its long-planned
27-storey highrise at John and Young streets will open for sale in May as it aims to break ground in late 2023 or early 2024.
“There’s been a lot of pent-up demand for new housing over the past year as people have been kind of sitting on the sidelines waiting to see what happens with interest rates,” said Brandon Donnelly, managing director of development at Slate.
“We’re really excited and think this is the right time to launch.”
It marks the first phase of the Toronto-based developer’s ambitious project to flip the sea of parking at Corktown Plaza into a splashy mixed-use residential complex.
Pitched to council in 2018 and approved in 2021, the complex is comprised of two buildings: a 372-unit condo tower and a 374-unit, 14-storey mid-rise, each separated by a courtyard on the ground floor with a wide array of retail offerings, including a possible micro-grocer.
