UrbanToronto.ca has released an update on the proposed Liberty Market Tower by Lifetime Developments.
Four years have passed since Lifetime Developments initially proposed a 32-storey mixed-use tower here in Liberty Village. The initial 2012 proposal has worked its way through the planning and approvals process and an altered version was recently submitted for site plan approval (SPA). The overall height has now scaled back to a height of 28 storeys and 90.33 metres.
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Liberty Market Tower would be built on the east end of the Liberty Market Building at 171 East Liberty Street, a warehouse building that serves as a retail and office hub Liberty Village. The development’s podium has been designed as a modern interpretation of the warehouse vernacular. It features retail on the ground floor, with office space on levels 2 through 7. Above that, 281 residential units would be housed on levels 8 through 28, with the 8th floor to be split between residential and amenity uses.
Responding to concerns by city planning staff, revisions followed the initial 2012 submission and the subsequent 2014 SPA submission. Among those concerns expressed was the lack of larger family-sized suites. The updated unit mix includes an increase to the number of two-bedroom units—now at 50 units or 28%—while maintaining the previously-proposed 31 three-bedroom units (at 11% of the total). The remaining unit count consists of 198 one-bedroom units and 2 bachelor units.
Residents of the development would have access to 512 m2 of indoor and 257 m2 of outdoor amenity space. In total, the development would be served by a three-level underground parking garage containing 287 parking spaces, while an additional 7 spaces would be housed at grade. For those who like to bicycle, residents will have access to 347 bicycle spaces, including 22 visitor bicycle parking spaces at grade, accessible via the residential lobby.
All the above information has been provided by the city of Toronto and urbantoronto.ca. Questions about this proposed development? Contact [email protected].