PETER & RICHMOND CONDOS IN PRE-CONSTRUCTION - a 36 STOREY tower with 250 UNITS
Peter & Richmond Condos is a new high-rise condominium development currently in pre-construction at 122-128 Peter Street in Toronto, Ontario by Fortress Real Developments, Carlyle Communities and Berkley Homes with 36 storeys and 250 units designed by architectsAlliance.
Peter & Richmond Condominiums is situated in the heart of the Entertainment District at the southwest corner of Peter Street and Richmond Street West and is within "walking distance to the best theatres, nightlife, restaurants and shopping" in downtown Toronto. It is a proposed 36 storey residential tower with 250 dwelling units ranging in size from 400 square feet to approximately 1,200 square feet. This new development project is situated on the opposite side of the street from the Tableau Condos which is currently under construction with 410 units by Urban Capital Property Group.
Peter & Richmond will be designed by architectsAlliance and will "feature modern aesthetics that will carry through from the exterior of the building to the finishes inside the units". The land assembly includes four properties: 122 Peter Street, 124 Peter Street, 126 Peter Street and 128 Peter Street. The average unit size will be about 660 square feet and the average prices will be approximately $400,000. "The subject site is targeting an average overall index price at launch of approximately $600 psf."
The Peter & Richmond Condos is located in downtown Toronto in the Entertainment District close to the Royal Alexander Theatre, Princess of Wales Theatre, Roy Thompson Hall, Canada's Walk of Fame, the Art Gallery of Ontario and OCAD University. This is where you can live work and play. The downtown condominium market remains very strong and "can be attributed to well-located developments on transit, or close to ample entertainment and employment".
"The combination of a strong partnership, attractive pricing, innovative design and a location in the highly desirable entertainment district have this project poised for brisk sales and tremendous success."
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