Elysium Investments Proposes Iconic 69-Storey Tower Project
Elysium Investments Unveils Ambitious 69-Storey Tower Plan
In a significant move to strengthen its portfolio, Elysium Investments Inc. has proposed a remarkable 69-storey rental tower set at 164–168 Isabella Street. This innovative project will contribute 660 much-needed rental homes to the growing community, showcasing modern design fused with heritage elements.
Project Overview and Goals
This bold plan expands the Greater Toronto Area's (GTA) dedicated rental housing pipeline, aiming to create a vibrant, transit-oriented community. By marrying modern living needs with historical preservation, Elysium's tower is poised to reshape the urban landscape while addressing the urgent necessity for more rental units.
Location and Accessibility
The tower will be strategically located near major transit hubs, significantly benefiting from its proximity to two Protected Major Transit Station Areas (MTSAs). A short distance from Sherbourne Station and a pleasant walk away from Wellesley and Bloor-Yonge Stations, residents will have unmatched access to public transportation, promoting a culture of sustainability and reduced reliance on cars.
Details of the Tower Design
Designed by the talented team at StudioJCI, this 225-metre high structure will feature a diverse mix of unit types catering to families and individuals alike. Importantly, the project includes 374 bicycle parking spaces, encouraging environmentally-friendly commuting options for residents.
Heritage Integration
A standout aspect of this project is the commitment to heritage. Elysium plans to restore and incorporate three historic homes along Isabella Street within the base of the new construction. This integration allows for the celebration and preservation of the area's rich history while providing modern amenities.
Community Impact and CEO Insights
Sayf Hassan, CEO of Elysium, remarked, "This project represents the best of what purpose-built rental can achieve; it harmonizes transit access, sustainable living practices, and urgent housing needs.” This sentiment speaks volumes about Elysium's dedication to not just building but enhancing community life in the bustling downtown area.
Key Features and Site Highlights
Here are some noteworthy features of the proposed development:
- Location: 164–168 Isabella Street.
- Height: 69 storeys, towering at 225 metres.
- Total Units: 660 rental units designed for diverse occupancy.
- Bicycle Parking: 374 dedicated spaces to promote cycling.
- Heritage Integration: Restoration of three historic homes into the new design.
- Transit Access: Proximity to Sherbourne Station and other key public transport links.
About Elysium Investments Inc.
Frequently Asked Questions
What is the height of the proposed tower?
The tower is designed to be 69 storeys tall, reaching a height of 225 metres.
How many rental units are included in the project?
The proposal includes a total of 660 rental units aimed at providing affordable housing options.
What is Elysium Investments known for?
Elysium Investments specializes in developing transit-oriented rental communities with a focus on sustainability and design in the Greater Toronto Area.
How does this project contribute to the community?
This development will not only increase housing availability but will also enhance public transit access and preserve local heritage through the integration of historic buildings.
What amenities can residents expect?
Residents will enjoy a mix of unit sizes, bicycle parking, and easy access to transit options, promoting a sustainable urban lifestyle.
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