GWL Realty plans 54-storey residential tower atop heritage 1961 office building on University Avenue
The project will add 622 market-rental units (including 24 affordable units) on stilts above the modernist glass-and-metal tower designed by John C. Parkin.
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GWL Realty Advisors has filed plans for a 54-storey residential tower to be built atop the existing 14-storey office building at 200 University Avenue, bringing 622 new rental units to the site while preserving the heritage-designated structure below.
The original building, completed in 1961 and designed by John C. Parkin of John B. Parkin Associates (once Canada's largest architectural firm), is among the earliest examples of a modernist high-rise entirely clad in metal and glass. Heritage designation requires the building's retention, so GWL plans to convert office units and construct the new residential addition on stilts atop the existing structure.
The new tower, designed by KPMB Architects, will include 622 market-rental units, of which 24 will be designated as affordable rentals. The project also features 46 parking spaces, 343 bike parking spots, and 193 square metres of retail space. The plans were filed after years of back-and-forth with the city.
Combining residential and office uses in heritage conversions has become common practice in Toronto. On the same stretch of University Avenue, the United Building is adding high-end condos atop a cluster of heritage offices, and 700 University features a rental skyscraper and wet labs addition to the Intact Centre.
No timeline for approval, construction start, or completion has been stated. The total development cost and pricing for the affordable rental units have not been disclosed.
When does GWL expect City approval for the project, and when would construction begin?
What will the affordable rental units rent for, and how will they be allocated among the 622 total units?
We'll update this story as answers emerge.
The facts
How many rental units will the new tower at 200 University Avenue contain?
622 market-rental units, including 24 designated as affordable rentals.
What year was the existing office building at 200 University Avenue completed?
1961. The modernist structure was designed by John C. Parkin of John B. Parkin Associates.
How will GWL Realty preserve the heritage building while adding the residential tower?
The new 54-storey tower will be built on stilts above the existing 14-storey office building, allowing the heritage-designated structure to be retained below.
What other facilities will the project include?
The development will provide 46 parking spaces, 343 bike parking spots, and 193 square metres of retail space.
