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401 King Street West Condos

401 King St W
King & Spadina
Developer: Great Gulf Homes
Number of Storeys: 56
Tentative Occupancy: 2022
Starting Price: Mid $400,000s
Deposit Structure: Coming Soon
Parking: Coming Soon
Locker: Coming Soon
Maintenance Fees: Coming Soon

401 King Street Condos
The Proposal

The 401 King Street Condos is proposed to be a 56-storey mixed-use building containing retail uses within the first two storeys of a 12 and 13-storey base building. The building includes a partial mezzanine floor above the first floor. The total gross floor area of the building would be 48,214 square metres, with 45,762 square metres of residential uses and 2,452 square metres of non-residential uses. The facades of the buildings at 401, 407 and 409 King Street West, which are listed on the City's Register of Heritage Resources, would be incorporated into the façade of the building facing King Street West.

A total of 221 vehicle parking spaces are proposed in a five level below-grade parking garage along with 656 bicycle parking spaces located on the P-1 level. Retail uses will be located on the first and second levels with a partial floor at the mezzanine level containing a garbage room and storage lockers. Vehicular access and loading will be provided from the public lane at the south side of the property.

401 King Street Condos
The Proposed Unit Distributions

The building would contain 615 residential units located in the podium and the tower. The unit breakdown is as follows: 27 bachelor / studio units (4%); 403 one-bedroom and one-bedroom plus den units (66%); 137 two-bedroom and two-bedroom plus den units (22%); and 48 three-bedroom units (8%).

The proposal includes 1,009 square metres of indoor amenity space to be located at the third and 21st floor. This is equivalent to 1.64 metres per unit. A total of 558 square metres of outdoor amenity space is proposed. The outdoor amenity space would be adjacent to proposed indoor amenity space on the third and 21st floors. The outdoor amenity space would be equivalent to 0.9 metres per unit.

401 King Street Condos
The Site

The site is located at the southeast corner of King Street West and Spadina Avenue. It has a frontage of approximately 68.1 metres on King Street West and approximately 29.1 metres on Spadina Avenue and an area of approximately 2,157 square metres. The site has an irregular shape with a portion of the property at the east end of the site extending south to the property at 57 Spadina Ave. The site is currently occupied by a one storey LCBO store located at 415 King Street West at the corner of King Street West and Spadina Avenue. The three properties which comprise the eastern portion of the site municipally known as 401, 407-409 King Street West are occupied by a four to six-storey commercial-office building. The building is listed on the City's Register of Heritage Resources and houses a number of business associated with cultural industries such as television studios and recording and editing studios.

401 King Street Condos
The Surrounding Area

North: The northern edge of the site is defined by King Street West. On the north side of King Street West opposite the subject site on the east side of Spadina Avenue is a 21-storey mixed-use building (the Hudson). To the east of the Hudson, the site at 430 King Street West is a 36-storey residential condominium tower (Charlie). To the east on the north side of King Street West are one to two-storey commercial buildings occupied by a Shoppers Drug Mart, Mountain Equipment Coop and a coffee shop. On the northeast corner of Peter Street and King Street West is the 20-storey Hyatt Regency Hotel/office building.

South: To the immediate south of the subject site is a public laneway, opposite which is a two-storey brick building fronting on Spadina Avenue with a Winners store on the ground floor. This property has been approved as the location of a 36-storey mixed-use building (file no. 13 169365 STE 20 OZ). Further south is a Petro Canada Station, a row of townhouses listed on the city's Register of Heritage Resources (Clarence Terrace rowhouses) and Clarence Square Park. The Park is currently in the process of being designated under Part IV of the Ontario Heritage Act.

West: To the west of the site on the opposite side of Spadina Avenue and fronting on King Street West are commercial-office buildings ranging in height from two to six storeys. On the north-west corner of King Street West and Spadina Avenue is the former Spadina Hotel at 460 King Street West. This building is listed on the City's Register of Heritage Resources. Further to the west at at 478 King Street West is a 12-storey mixed-use building (Victory).

East: To the east of the site is a 12-storey mixed-use building with a three-storey podium and a nine-storey tower. The tower features a blank wall facing west toward the subject site. To the east of this building are several three storey commercial buildings, including the Europe Bound store at 383 King Street West and a 34 storey mixed-use building at 371-379 King Street West (M5V).

401 King Street Condos
The Developer Great Gulf Homes

Established in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 70,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada’s top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum.

Great Gulf was recognized by the Building Industry and Land Development Association (BILD) for Mid/High-Rise Builder of the Year and received the Marketing Innovation Award for “The Future is Wood” at the 38th annual BILD Awards on May 4, 2018. The Builder of the Year for Mid/High Rise Award is based on quality, service and customer commitment from marketing and sales, right through to post-closing service. A key component of the judging process is a customer satisfaction survey completed by recent occupants of the builder’s communities. It celebrates distinction within the building and development industry recognizing builders, who through their professionalism and dedication to excellence, set the standard for the rest of the industry.

“We’re very proud and excited to have been recognized with these awards and want to congratulate and thank the entire Great Gulf team for their commitment and dedication to delivering outstanding residential offerings to discerning consumers,” said Great Gulf CEO Jerry Patava. “I would also like to thank recent new home buyers for their trust and confidence in our ability to provide them with well-built, architecturally well-designed homes.”

Great Gulf marries design innovation, construction technology and craftsmanship ensuring precision building. It uses an innovative approach to building with H+ME Technology. With this building science, Great Gulf has revolutionized the building industry and the home-buying experience. Its reputation as a premium builder is a result of more than 40 years of experience and a commitment to superior design, cutting-edge technology and customer service.