New Condo at Queen & Yonge?

Just when you thought there couldn’t be any further condo developments announced in the city of Toronto, a newly suggested project has been proposed by Cadillac Fairview for Yonge and Queen.

Still in the city’s approval process since the development application was first submitted in mid-April, according to blog.newinhomes.com, “the owner of 2 Queen St. W. is seeking permission to develop a 65-storey, 220-metre and 580-suite rental building.” If the project is approved, what is the current retail location of the company Atmosphere is said by blogto.com to become the base of the new residential tower as “the store’s interior would become the podium for the building.”

Aside from the development’s rental property function (sole rental developments are not often seen in Toronto anymore), it’ll also feature a commercial component. And, since it will be located in one of the busiest downtown intersections, the development will have many environmental features; for instance, it will have 580 bicycle spaces and zero parking spots.

But, what prompted Cadillac Fairview to propose it as a rental building in the first place? Well, according to blog.newinhomes.com, a recently released Rental Report stated that a total of 3,919 condominium apartments were leased in the MLS system in the first quarter of 2013, which is up 31 percent from a year ago.” With statistics like that, it’s no wonder why this type of development was proposed. This is one rental property that will definitely appeal to people looking to lease in the downtown area.

Although some early renderings of the project have leaked (see above for an example), it’s still a lengthy process before we get to officially see it come to life. According to blogto.com, “a preliminary city planning report is due in June and a community meeting will likely be scheduled for July. Feedback from that meeting and the thoughts of the planning department will be handed back to Cadillac Fairview for them to take into consideration. A final report, with recommendations, won’t be given to council until at least next year.” So, stay tuned to find out what becomes of 2 Queen St. W.

Sources:

http://www.blogto.com/city/2013/05/massive_condo_tower_proposed_for_queen_and_yonge/

http://altwire.utne.com/rt_story/urbanist_v4/massive-condo-tower-proposed-for-queen-a/38587672427738567a7552533154515a622f773633773d3d

http://blog.newinhomes.com/news/rental-building-headed-yonge-queen/

http://blog.thedirt.co/2-queen-street-west-65-storey-rental-tower-proposed/

Benefits of High-Floor Living

Condo hunters are bound to face this age old adage: to live above 10 storeys or not to live above 10-storeys high?  Seriously though, apartment complexes in ancient Rome grew to ten storeys and higher, so there’s nothing too new about the concept of high floor living!

In a vibrant city like Toronto, condo development is at a fever pitch, and it seems like a new skyscraper is built every other week.  So, for any new condo hunters out there trying to decide between living up high or closer to the ground, we bring you some important news: according to a recent study, living on a higher floor could mean a longer life.

Amazing, right? We promise this is not just a hunch- it’s scientific. Living on a higher floor could substantially decrease the likelihood of developing many fatal diseases.

A study by scientists in Switzerland was conducted by analyzing more than 1.5 million people living in buildings with 4 floors or more.  The result? They found that the chance of dying from serious lung disease was 40% greater among residents who lived on the ground floor compared to those with an apartment on the 8th floor or above.  For heart disease, mortality rates were 35% greater among those at ground level and for lung cancer the risk of death increased by 22%.

The researchers concluded that pollution was a huge factor in this decreased risk to disease, but also that exercise was a positive influence on health. (No way! Who would’ve thought?!)

Beyond these enlightening health benefits, there are some other factors that you might want to weigh when considering if a high floor level is the right choice for you!

Pros of living higher up:

  • Less chance of dying from lung disease
  • Lowered risk of dying from heart disease
  • More secluded
  • Less traffic/street noise
  • Less pollution
  • More exercise (if you walk up the stairs and boycott the elevator- hint: do it!)
  • Better views
  • Better security (less exposure to and risk of crime)
  • Did we mention you are less likely to be exposed to FATAL diseases??

Cons of living higher up:

  • Higher cost
  • More secluded
  • Scary for people with a fear of heights
  • Less likely to go outside as often
  • Takes (marginally) longer to get outside
  • Temperature (because higher floors are exposed to direct sunlight for long periods, it will probably get pretty hot up there- but we’re assuming those who can afford sky rise condominiums have A/C)
  • Unless you have a big balcony, you won’t have access or exposure to much greenery
  • More difficult to bring things in and out (ie. Groceries, moving boxes, furniture, etc.)

Considering all of the above, would you live on a higher floor?  Let us know below!

We hope we’ve helped you gain a little insight on what you value in a condo most!

Sources:

http://scottandkat.ca/life-on-a-higher-floor-means-a-longer-life/

http://mindshapedbox.wordpress.com/2011/10/04/high-floor-high-life-what-changes-as-you-climb-upwards/

http://www.dailymail.co.uk/health/article-2328400/The-secret-long-healthy-life-A-HIGH-rise-flat-People-live-eighth-floor-22-likely-die-early.html

http://apartments.about.com/od/apartmenthunting/a/whichapartmentfloor.htm

http://news.menshealth.com/live-on-the-ground-level-read-this/2013/05/28/

Luminato 2013

Starting June 14th, Toronto will see a wide selection of unique art, theatre, film, dance, music, and literary events from local, regional, and international artists, playwrights, and filmmakers for this year’s Luminato Festival.

Luminato is a 10 day festival that occurs every summer in Toronto.  It’s a great chance to see some local talent and enjoy the city’s amazing culture.

David Pecaut Square (at the corner of King St. W. and John St.) continues to be the Luminato Festival Hub for the full ten days and will host free nightly concerts and events.

You can check out the schedule/program at a glance for each day of the festival by clicking here.

We’ve also taken the liberty of including some events around the city you might want to check out!

Friday, June 14
8:00 p.m. – 9:00 p.m.
The Hub at David Pecaut Square
Free

k-os

Opening Night at the Festival Hub!

Condos Nearby:

Saturday, June 15
10:00 p.m. – 11:15 p.m. — No Intermission.
Roy Thomson Hall
$25-$45

Arabian Nights

The TSO goes late night with Rimsky-Korsakov’s orchestral showpiece Scheherazade! The music is based on the exotic Arabian Nights story, in which Sultana Scheherazade enchants her husband with tales of intrigue in order to save her life. Yuja Wang also dazzles the audience with the first movement of Tchaikovsky’s Piano Concerto No. 1.

Condos Nearby:

Saturday, June 22
12:00 p.m. – 4:00 p.m.
Trinity Bellwoods Park
Price: Free

A Literary Picnic

A summer’s afternoon, a picnic lunch, an inviting park. Add an incredible group of writers and you have A Literary Picnic, a celebration of storytelling that draws on the creativity and diversity of Toronto’s writing community.

Condos Nearby:

Wednesday, June 19
9:30 p.m. – 11:00 p.m. — No Intermission.
George Brown House
$75, $60

Mid-week fun with Chamber Magic

For those who only believe what they see, Steve Cohen invites you to come close, really close. A master magician whose repertoire is designed to engage the mind as much as the eye, Cohen’s Chamber Magic hearkens back to an era when wealthy patrons secured the services of elite wonder-workers to transform a salon into a stage and mesmerize family and friends with magic.

Condos Nearby:

Sunday, June 23
3:00 p.m. – 5:00 p.m. — With Intermission
Sony Centre for the Performing Arts
$95, $85, $75, $60, $45

L’Allegro, il Penseroso ed il Moderato

Since its creation in 1988, choreographer Mark Morris’ legendary L’Allegro, il Penseroso ed il Moderato has earned global recognition as his company’s crowning achievement.

Condos Nearby:

Source:

http://luminatofestival.com/

Toronto Taste Festival

On Sunday, June 9th, join Toronto’s food lovers and critics at the Royal Ontario Museum for Toronto Taste Festival 2013! Hosted by Second Harvest, Toronto Taste is one amazing summer night that will see 65 chefs, 35 beverage purveyors and some 1,500 hungry foodies all get together for tastings, live, silent and wine auctions and other activities- all to support a great cause.  Proceeds will go towards support for hunger relief in our community, through Second Harvest’s ongoing efforts to rescue surplus food and deliver it to social service agencies in your community.

A bit about Second Harvest

Second Harvest is the largest food rescue program in Canada. Since 1985, Second Harvest has been picking up donated, excess food, which would otherwise go to waste, and delivering that food to community agencies in Toronto. Currently, Second Harvest delivers rescued food to over 215 community agencies.

Are you a wine collector?  The on-site Fine Wine Auction features a global selection of exclusive and rare vintages sourced from private collections for drinking, cellaring and investment.

If you’d like to get to know Taste Toronto a bit better, and get a look at the wine purveyors, auctions, chefs and partners participating, visit www.torontotaste.ca.

To buy your tickets now, click here.  They’re $250 a piece, and $125 is tax-deductible!

Oh no! Away at the cottage that weekend? Even if you can’t make it, you can support the cause by donating funds, food, or your time.  Every little bit helps.

Time: 6:30-10 pm. Must be 19 years of age or older to attend.

Condos nearby:

Sources:

http://www.torontotaste.ca/

http://secondharvest.ca/

Theatre Museum at King Blue

With Toronto being the third largest home of live theatre in the world, behind London and New York City, it’s no wonder King Blue playing host to the Theatre Museum of Canada is such an exciting honour.

Read on and check out the gallery now for some updated renderings:

 

For those of you who aren’t familiar with the King Blue development at 335 King Street West, it will be a mixed-use residential and commercial space, developed by Easton’s Group and Remington.  The residential portion (two towers of 48 and 33 storeys designed by Page&Steele/IBI Group Architects) will sit atop the retail and institutional podium at the bottom.  The podium will also serve as the future home of the Theatre Museum Canada.  Currently, the museum has no permanent home, and only shows exhibits in temporary locations or online.

The Theatre Museum of Canada will be located in the Mercer Street podium lobby off the central courtyard, occupying approximately 9,000 sq. ft. of space.  It will feature extensive exhibit space on the second floor.  This above ground exhibit will be visible from the street, with contrasting framing and floor-to-ceiling windows.  It will also pay homage to the historical Westinghouse building façade- which will be incorporated into King Blue’s lobby.

The museum at King Blue will add to an existing and impressive Entertainment District neighbourhood that is filled with performing arts centres, theatres, and performing arts history museums.  “King Blue fits like a glove into King Street West,” says Steve Gupta, President and CEO of Easton’s Group. “Its retail component, the Theatre Museum of Canada, and the overall feel will be quite eclectic, a perfect reflection of the unmistakable ‘style’ that is King Street West.”

Sources:

http://kingbluecondos.com/2013/the-stage-is-set-for-theatre-museum-canada-at-king-blue/

http://urbantoronto.ca/news/2012/10/king-blue-condos-house-theatre-museum-canada

https://www.facebook.com/TheatreMuseumCanada

https://twitter.com/kingbluecondos