What is currently an underutilized parking lot could soon be the site of over 250 new homes, just steps from many of Toronto’s marquee downtown attractions.

An application for a Site Plan Approval and Zoning Bylaw has been put forth to the city for a new mixed-use development at 237 Victoria Street. Developed by Spire Properties and designed by IBI Group, the 24-storey tower will include a total of 256 residential units, as well as 416 sq. m of at-grade retail. 

Sitting atop a six-storey podium, it’ll reach an overall height of 79 m including the mechanical penthouse, on a relatively slender floorplate of 741 sq. m, with an overall combined Gross Floor Area of 17,826 m, 17,410 sq. m of which will be residential.