Close Menu

    Subscribe to Updates

    Get the latest creative news from us about Real Estate

    What's Hot

    Canadians Are Less Satisfied With Life—Which Province Is Worst?

    September 11, 2025

    Are broke Realtors really worse Realtors?

    September 10, 2025

    Real Estate Podcasts Are Meeting Canadians’ Demand For Answers

    September 10, 2025
    Facebook X (Twitter) Instagram
    Homegoal
    • Home
    • Real Estate
    • Homebuying
    • Selling
    • Investing
    • Lifestyle
    • About Us
    Facebook X (Twitter) Instagram YouTube
    Homegoal
    Home»Real Estate»Akelius Eyes 69-Storey Tower For Isabella Street
    Real Estate

    Akelius Eyes 69-Storey Tower For Isabella Street

    homegoal.caBy homegoal.caJuly 5, 2025No Comments3 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Email
    Share
    WhatsApp Facebook Twitter LinkedIn Email Copy Link


    If you find yourself on Isabella Street, between Church and Jarvis in downtown Toronto, you may walk by a heritage building known as The Merlan without even knowing it. Designed by Ontario’s own Norman Alexander Armstrong, the 49-unit, Edwardian Revival-style apartment building has occupied 81-83 Isabella Street for just shy of a century.

    However, with The Merlan rising just three storeys, its location in Church-Wellesley Village stands to be better utilized. As such, site owner Akelius Canada Inc. is proposing the demolition of the existing apartment in favour of a residential tower rising 69 storeys — some 744 feet, inclusive of the mechanical penthouse. The heritage facades of The Merlan would be integrated into the new build through adaptive reuse, according to a planning report that went to the City in early June.


      

    The report also says that a total gross floor area (GFA) of 496,582 sq. ft has been proposed, translating to a floor space index (FSI) of 31.5. The entirety of the GFA would be dedicated to residential uses, with 647 units planned, including nine studios, 315 one-bedrooms, 254 two-bedrooms, and 69 three-bedrooms. That translates to a precise 50% share of larger family-sized units “to meet the range of market demands and household needs.” The total unit count also includes 48 replacement rentals, all of which would be configured as one-bedrooms.

    In terms of amenity space, a total of around 25,769 sq. ft has been proposed, and that would be split between a series of indoor amenity rooms, dedicated outdoor amenity terraces, and what’s being called a “sky garden.” Although the building would be served by only 29 short-term vehicle parking spaces, 711 bicycle parking spaces are planned within the mezzanine level.

      

    Renderings prepared by Arcadis show a two-storey base with the retained heritage facades, topped with a 10-storey lower tower element and a 57-storey upper tower element. The heritage facades retained from The Merlan are meant to read primarily from Isabella Street.

    Isabella Street has become a popular location in Toronto for intensification — likely because it runs through the Church-Wellesley neighbourhood of the city, and also because it’s proximate to other high-traffic areas like the University of Toronto and Toronto Metropolitan University (formerly Ryerson). It’s also a short walk from Yonge Street. Other approved developments in the area include 69 storeys at 90-94 Isabella Street and 62 storeys at 88 Isabella Street. In addition, 135 Isabella is slated for a 69-storey tower, which KingSett Capital proposed in June 2023 — however, the firm has seemingly moved on from the project, as it was listed for sale by RBC Capital Markets Real Estate Group last fall.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Canadians Are Less Satisfied With Life—Which Province Is Worst?

    September 11, 2025

    Are broke Realtors really worse Realtors?

    September 10, 2025

    Real Estate Podcasts Are Meeting Canadians’ Demand For Answers

    September 10, 2025
    Leave A Reply Cancel Reply

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    Don't Miss
    Real Estate

    Canadians Are Less Satisfied With Life—Which Province Is Worst?

    By homegoal.caSeptember 11, 2025

    Canadians aren’t bouncing back from the pandemic’s hit to life satisfaction. Statistics Canada (StatCan) data…

    Are broke Realtors really worse Realtors?

    September 10, 2025

    Real Estate Podcasts Are Meeting Canadians’ Demand For Answers

    September 10, 2025

    The Best Dallas Suburbs for Homeowners Looking to Gain Equity

    September 10, 2025

    Amid industry chaos, here’s how you can still finish 2025 strong

    September 10, 2025

    Sightline Properties Planning 4 Towers Near Renfrew Station

    September 10, 2025

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    • Contact Us
    • About Us
    • Privacy Policy
    • Term and Conditions
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.