135 Portland St, Toronto, ON M5V 2N4, Canada
This project will be a mixed-use building, featuring condominium suites along with retail and office space. This development is proposed as a 16-storey mid-rise, occupying almost a block just south of Richmond Street West in the city’s vibrant Fashion District.
Targeting young, urban professionals who work in the creative, tech or media fields and appreciate the high-energy downtown lifestyle, 135 Portland will also make a great option for investors who are looking for an income property in an area popular with professional tenants.
The development will also include 3,500 square-feet of retail space on the first and second floors, and two levels of office space on the third and fourth, making it a truly mixed-use condominium.
The building’s design concept will reflect the area’s rich history as an industrial district, featuring prominent brick and oversized windows, complimenting many of the existing warehouses that populate the neighbourhood.
Fashion District condos have the advantage of being located in a vibrant neighbourhood undergoing growth and tasteful development.
Once home to the city’s primary textile manufacturing hub, this urban pocket still maintains many of its original structures, some of which now house trendy loft condominiums while others house restaurants, art galleries and high-end offices for creative and technology-based organizations.
Thanks to its proximity to the Entertainment District, some of the city’s most A-list-worthy bars, restaurants and clubs are within walking distance, not to mention a trendy collection of galleries and theatres.
135 Portland scores an enviable 98/100 on its Walk Score and a 100/100 on its Transit Score, to the surprise of nobody. All your daily needs are within walking distance and the site is a few minutes’ walk to both the Queen and King streetcars, which connect you with the entire city. Thanks to its proximity to the Financial District, it’s a great spot for young professionals.
It’s also an area that’s part of Toronto’s downtown urban growth centre, meaning it’s slated to get a significant amount of the area’s expected growth. Unlike some pockets of the city, much of the development here makes tasteful use of the existing architecture, making for contemporary spaces that pay homage to the neighbourhood’s history with unique details.
Much of this development will be mixed-use, bringing opportunities for jobs, housing and shopping options to the area.