TORONTO — Yorkville’s newest purpose-built luxury rental development recently hit a major concrete milestone.
Located at St. Thomas and Charles streets in downtown Toronto, Two St. Thomas is a collaboration between real estate companies Bentall Kennedy and KingSett Capital.
Representatives recently gathered to mark the completion of the concrete structure.
Designed to achieve LEED Silver at minimum, the $130-million 26-storey project includes 250 suites and underground parking. The architectural facade is composed of floor-to-ceiling windows with limestone features.
According to a media release, Two St. Thomas will be managed by Bentall Kennedy Residential Services and will offer onsite staff and 24-hour concierge. Amenities include a lounge, a fitness centre and rooftop amenity space with western views of Toronto.
"In collaboration with our partner KingSett Capital, PCL (Constructors Canada), Hariri Pontarini Architects and Cecconi Simone, we are bringing a unique product to market that we expect will set new standards for rental residential accommodation in Toronto," said Paul Zemla, Bentall Kennedy president, investment management and chief investment officer, in a statement.
"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," added PCL Constructors Canada Inc. senior vice-president and district manager Mike Wieninger.
Building occupancy is expected late fall 2017.