KingSett Capital submits proposal for 78-story building Yonge Street

Two tall buildings could be built near the intersection of Yonge and College Streets in Toronto.

Developer KingSett Capital has submitted updated designs to the City of Toronto for a two-tower mixed-use complex at 475 Yonge Street, requesting clearance for a 75- and 78-story building. This is a significant departure from the originally proposed 45- and 58-story structures on the site.

Two soaring buildings with a curved, tired shape sit on a six-story pedestal, according to renderings and architectural designs filed with the proposal by architecture company BDP Quadrangle.

A rectangular public park with green space and a play area would be located behind the buildings. There would also be a link between the two structures that would go from the park to Yonge Street.

There would be a total of 1,611 residential units in the Yonge and College buildings, including 270 studios, 911 one-bedrooms, 269 two-bedrooms, and 161 three-bedrooms. There will be indoor and outdoor amenities throughout the structure, as well as street-facing retail on the ground floor along Yonge Street.

A four-level underground garage with a total of 209 automobile parking spaces and 1,936 bicycle parking spaces is proposed.

A Courtyard Mariott Hotel now occupies the site, which would have to be demolished to make way for the proposed construction.

In September, the most recent plans were filed. KingSett Capital is now seeking City Council clearance, which is required before they can proceed.

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