11 Yorkville Ave
Yonge & Yorkville
CRU 11 Yorkville Condos
|Developer:||Metropia, Capital Developments & RioCan Living|
|Number of Storeys:||62|
|Deposit Structure:||Coming Soon|
The CRU Condos is proposed to be a 62-storey (211.3 metres including a 9-metre mechanical penthouse) mixed-use building with retail uses on the first two floors at 11-21 Yorkville Avenue and a 2-storey commercial building at 16-18 Cumberland Street separated by a public lane. A total of 716 dwelling units, 235 parking spaces and 716 bicycle parking spaces are proposed. An open space made up of both a stratified public park and Privately Owned Publically-Accessible Space (POPS) is proposed on the west side of the subject lands fronting onto Yorkville Avenue expanding the conveyed park associated with 37 Yorkville Avenue.
The Yorkville neighbourhood is Toronto's most elegant shopping and dining area. The neighbourhood features many small courtyards, alleyways and charming Victorian homes plus first class designer boutiques, antique shops and galleries. A contemporary park located in the very heart of the neighbourhood features a giant granite boulder, which brings the raw beauty of the Canadian Shield right into Toronto’s urban centre. It’s a perfect place to people watch and rest between shopping bouts. Hailed as the “Mink Mile,” Bloor Street in the Yorkville area is home to high-end designers like Tiffany, D&G, Louis Vuitton and Hermès.
Metropia is a privately owned and highly respected real estate developer creating authentic communities in both the Greater Toronto Area and Calgary. Metropia focuses on community building, urban renewal and design innovation. Our communities offer a wide range of housing options with an emphasis on affordability and an abiding responsibility to the environment.
Metropia is a product of Howard Sokolowski’s vision to create one of Canada’s leading real estate development companies. Howard has a proven ability to see beyond current trends to plan and build award winning communities. Joining the executive team is David Speigel, the industry’s foremost authority on low rise and high rise project execution. Over the past 30 years Howard and David have led the development of over 25,000 homes and set a new standard for customer satisfaction in the industry.
Metropia is involved in acquiring land, securing approvals, designing communities and homes, and delivering exceptional customer service. Building on Metropia’s strong strategic partnerships and our team’s industry-leading experience, we give back to the neighbourhoods we develop in, by contributing socially, economically and physically to the benefit of the overall community.
RioCan was founded in 1993 by CEO Edward Sonshine. It remains a forward-looking, entrepreneurial organization with the spirit and agility to seize opportunities and the resources to create them. Through ongoing discovery, strategy and a commitment to acting with integrity, we continue to shape the futures of communities. In January of 1994, RioCan was first listed on the Toronto Stock Exchange and received help from CIBC to raise crucial capital. In 1995, it became evident there was a need for an in-house leasing expert. Fred Waks was the perfect man for the job and quickly proved to be a fundamental addition to the company.
RioCan’s culture revolves around the core principles of our operation – strategic decision making, fostering mutually beneficial relationships, and shaping the future through good community stewardship. Our property developers and managers act with integrity, candor and responsiveness to create spaces where we can all prosper.
Our leadership teams are visionaries that believe in loyal partnerships with a truly long term view. These partnerships lead to stability in our existence, and over the years makes a company trustworthy for our internal and external stakeholders.
With a long list of design-forward iconic developments across Canada, the international beginnings of Capital Developments tell the full story. Founded by Todd Cowan and Jordan Dermer after a lengthy development career across Europe. As the Chief Executive Officer and Chief Development Officer, respectively, of TriGranit Development the two were instrumental in the development of over 10 million square feet in Europe from 1996 to 2006. Prior to this, both were executives at Trizec Properties performing asset management, acquisition and leasing across Canada.
Today Capital Developments is building on that history of success. Along with its partners, Capital Developments has embarked on a number of exciting new residential and retail projects in Toronto and Montreal where it is involved in the development of over 2,000 condominium units with complementary retail. These projects include Ma Condos, a 156-unit condominium development recently completed in Montreal, Sixty Colborne, a 281-unit development in the heart of Toronto and 150 / 155 Redpath, a 1,000-unit twin tower development in midtown Toronto. In addition, Capital Developments recently launched the Art Shoppe Lofts + Condos, a 650-unit development with 80,000 square feet of retail in the Yonge & Eglinton area. It is one of the fastest selling projects in Toronto in 2015 and is only steps from the new Eglinton Crosstown LRT – currently under construction – a $5.3 billion investment which will transform this already vibrant neighbourhood into one of the most attractive and fastest growing residential and retail locations in Toronto.