A sign went up last week on the old Downtown Fine Cars dealership on Avenue just north of Davenport. Pears, named for the street residents will eventually be entering from, will be one of the first condo towers to be entirely conceived and launched – as opposed to re-launched – in the post-recession market.
At 20 storeys and 130 units, the mid-size, high-end building will begin selling this week. The building will be designed by Page Steele/IBI Group Architects, with interior design by Munge Leung Design Associates.
"We really have been working hard to come up with a building design that really adds to the streetscape and makes a design contribution to the area," says Mimi Ng, vice president of marketing for Menkes, which is developing the site.
The building will also incorporate a two-storey retail component along Avenue Road. "It’s going to help liven up that stretch, which recently has been a bit derelict," Ng says.
If sales go well, construction will begin next year.
Writer: Bert Archer
Source: Mimi Ng