68-storey tower proposed near Yonge and Wellesley

Toronto’s Downtown Yonge corridor continues to reach new heights.

The latest proposal from CentreCourt, Fitzrovia and Choice Properties REIT calls for a 68-storey tower at 543 Yonge Street, near the Yonge and Wellesley intersection.

Designed by Arcadis, the tower is envisioned as a mixed-use building rising to a height of 228 metres and would contain 663 residential units. Renderings for the project showcase a slender tower featuring a series of stacked volumes as part of the building’s architectural expression. The development would contain one level of underground parking, 597 bicycle parking spaces, and 133 visitor parking spaces.

The site is currently occupied by a 4-storey office building and is located just south of Wellesley Station along the TTC Line 1 subway, within a designated Major Transit Station Area (MTSA).

Over last several years, Downtown Yonge has seen a surge in high-rise developments proposed or constructed, predominantly in the form of residential condominium towers. The latest proposal at 543 Yonge joins a number of towering skyscrapers set to make its mark on Toronto’s skyline in the coming years.