Phantom Developments Proposes 64 Storey Tower in Yorkville
8 Cumberland Street, Toronto
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The Bloor-Yorkville area's growing number of condominium developments continues to add even more life and vitality into what is already one of Toronto's most vibrant, walkable areas. The trend of high-rise development in Yorkville is set to continue well into the future, with new developments frequently proposed for the area. The latest proposal tabled for Yorkville, situated right at Yonge and Cumberland, is a 64-storey residential tower proposed for 826-834 Yonge Street, and 2-8 Cumberland Street.
Owned by Phantom Developments and designed by Page + Steele / IBI Group Architects, the proposed 8 Cumberland would consist of a 64-storey mixed-use building inclusive of a three storey podium, containing a total of 531 residential units and 1,414 square metres of retail on levels one and three, fronting onto both Yonge Street and Cumberland Avenue. The building's three-storey podium will feature the retained and restored facades of the existing heritage building at Yonge and Cumberland.
8 Cumberland's 531 residential units would consist of 413 one-bedroom and 118 two-bedroom units, residents of which would have access to a 1,194 square metre indoor amenity area and a 532 square metre outdoor amenity area on levels four and five.
Taking into account the development's location in a highly walkable neighbourhood within easy walking distance of both Bay and Bloor-Yonge subway stations, only 95 parking spaces are being proposed for 8 Cumberland Street. Parking would be located within a four-level underground parking garage, accessible via a public lane connecting Cumberland Street to Yorkville Avenue.