Two Tower, 542-Unit Rental for Kingsway Parking Lot Site
Quadreal has submitted their formal rezoning application for the redevelopment of the parking lot at Kingsway and Prince Edward Street, adjacent the Mount Saint Josephs Hospital.
The 1.21 acre site was acquired by Quadreal in 2019 for $29,100,000 and is currently a surface parking lot.
The site is located in the Mount Pleasant Centre Area (MCEC) of the Broadway Plan. The MCEC Policy Area permits tower forms up to a maximum height of 25-storeys and a maximum density of 8.5 FSR.
The proposal is for 25-storey and 32-storey buildings with a podium and includes:
- 542 rental units;
- 428 market rental;
- 114 below market rental (20%);
- 16,000 SF of ground floor retail space;
- a 5,000 SF, 37-space private childcare facility;
- a total density of 8.50 FSR;
- A building height of 269 ft. with additional height for rooftop amenity space;
- 297 underground parking stalls.
This application is being considered under the Broadway Plan.
The architect for the project is Acton Ostry Architects.
The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2950-prince-edward-st