U Condos happens to be one of the last few condo developments along the main stretch of Bay Street between Gerrard and Bloor to take advantage of available land. Just ten years ago, Bay Street had a number of parking lots and low-lying buildings to use for condo buildings, but that really isn’t the case any longer. As a result, developers have been moving east to Yonge Street where it happens that vacant land and parking lots may not be available, but many run-down and tired looking low-level retail shops are ripe for tall towers to be constructed above.
You can definitely see this change with some of the more finished projects like Aura Condos, Five Condos, 75 St. Nicholas Street and One Bloor, along with so many of the plans in the works for YC Condos, Karma Condos, Tea House Condos, Vox Condos, Wellesley On The Park and the yet-to-be-named 385 Yonge and 490 Yonge development proposals.
Next to be added to this growing list is The Clover on Yonge, one of the most recently approved projects by Cresford Developments. It is a modestly-sized condo of 44 stories with approximately 420 units. Though plans and pricing have not yet been released, my guess is that the tower will be made up of lots of smaller one bedroom units in order to pack so many units into just 44 floors.
The final design for the building is more traditional than the original ideas explored, which included a wall with a severe angular slope. With that 75 degree wall idea not approved, the rendering that is moving forward still integrates well into the streetscape with set-back levels that bring the retail base forward while taking the residential units back and away from Yonge Street.
If you have any interest in The Clover On Yonge, feel free to contact me below and I will keep you in the loop for the plans and pricing when they are released by the developer.