Inside the GTA – a look at development in and around Toronto in October, 2021

Concord Adex has announced its latest acquisition, Concord Sky, formerly a project belonging to YSL Development.

Concord Sky will be the country’s second tallest residential tower higher than 980 ft., and the fourth tallest structure overall.

Centrally located at Yonge and Gerrard streets, it will be home to approximately 1,100 homes and is scheduled to be completed in 2026.

Concord Adex says it will be upgrading the original specifications to better suit a development of this stature and its future residents. concordsky.ca

One Delisle penthouses include an NFT commission

The recent preview of a collection of penthouses at One Delisle was also an opportunity to experience Toronto’s first non-fungible token (NFT) commission by a real estate developer.

An NFT is a digital token that allows for transparency when buying and selling unique items such as drawings, songs or animated GIFs using blockchain technology.

Each purchaser of a penthouse residence at the Slate Asset Management project will become the sole owner of a digital piece of artwork by Petra Cortright, an LA-based artist.

Located in Toronto’s midtown neighbourhood, One Delisle is the first project in Canada designed by world-renowned architect Jeanne Gang and her firm, Studio Gang.

Each distinct penthouse spans one-third or one-half of the 16-sided building. onedelisle.com

Did you know?

A Urban Land Institute and PwC report says that more investors are growing concerned about extreme weather and will factor in climate risk when deciding where to invest in real estate.

Mississauga’s Brightwater breaks ground

Mississauga Mayor Bonnie Crombie, along with local dignitaries including MP Rudy Cuzzetto, MPP Sven Spengemann, Councillor Dasko and members of the community, joined the Port Credit West Village Partners (PCWVP) at the Brightwater site in Port Credit to officially celebrate the start of construction earlier this month.

The 72-acre master-planned Brightwater community is developed by a consortium that includes Kilmer Group, Diamond Corp., Dream Unlimited, and FRAM + Slokker, operating as the Port Credit West Village Partners (PCWVP).

Brightwater will bring nearly 3,000 new residences to Port Credit along with 300,000 sq. ft. of commercial, restaurant, retail, and office space. There are 18-acres of new parks and greenspaces planned, including a new nine-plus acre waterfront park, trails, pedestrian mews and plazas, plus a village square for gatherings and events. experiencebrightwater.ca

New Passive House one of the largest in North America

CityHousing Hamilton, Hamilton Mayor Fred Eisenberger, local City officials and ERA Architects recently hosted a ribbon-cutting ceremony celebrating the completed retrofit of the 18-storey Ken Soble Tower. The transformation of this post-war, affordable seniors housing tower into a barrier-free, healthy and resilient landmark is set to become one of the largest Passive House retrofits in North America, serving as a model for how cities can tackle climate change goals while maintaining much-needed affordability.

Toronto named one of the world’s 5 safest cities post-pandemic

Toronto ranked near the top of the 2021 Safe Cities Index compiled by The Economist Intelligence Unit.

Based on more than six dozen safety indicators that included health, infrastructure, digital use, personal security and environmental factors, Toronto ranked second after Copenhagen. Singapore, Sydney and Tokyo rounded out the top five. safecities.economist.com

Riocan Living to release Verge Phase 2

Located at the southwest corner of Islington Avenue and The Queensway, Verge by RioCan Living, will soon be releasing Phase 2 of the project following the successful sales launch of its first phase.

The new mixed-use condominium community reimagines this retail site with the creation of 544 new residences split between two buildings. This latest release encompasses the 17-storey tower at the corner of the property, delivering 341 units and new amenities, including an expansive terrace on the ninth floor with views of Lake Ontario. vergecondos.com