We are pleased to offer for sale, on behalf of the Vendor Berkeley Parliament Developments Inc.. the ground and second floor retail/office space at the base of the 328-unit ‘East United Condos’ at 95 Berkeley Street (“The Property”). The Property provides users or investors with an opportunity to acquire up to approximately 9,533 sq, ft. of brand-new space in Toronto’s Downtown East neighborhood.
I. EXCEPTIONAL LOCATION: An opportunity to be Located in one of Toronto’s must vibrant neighborhoods that embodies the live. work and play experience. The retail, office and residential offerings in the node provide ample pedestrian and vehicular traffic to support any retailer.
2. TRANSIT ORIENTED : 95 Berkeley is centrally Located within minutes from
multiple forms of pubic transportation including the
TTC King Streetcar which provides users with access to
the downtown core in Less than ten minutes.
3. BRAND NEW DEVELOPMENT: Currently under construction. East United Condos is a mixed-use development with a 5-stoney podium containing
premium office. residential. and ground floor retail uses. Above the podium Is a 19-storey tower containing 279 residential units_ The building was de by Toronto based de_sign firm Giannone Petricone Inc.
4. UNPARALLELED DEMOGRAPHICS: The Downtown East is experiencing a Large development boom due to Its dose proximity to Toronto’s financial_
core ultra-dense residential and office buildings are
being constructed at a rapid rate, causing the area to be-
come a popular destination for young professionals and
millennials with considerable incomes.
95 Berkeley Street is ideally located in Downtown East, Just north of Adelaide Street East between Berkeley and Parliament Streets. The surrounding area is characterized by brick-and-beam office space, high-end furniture stores & Independent restaurants and trendy coffee shops & bars.
The Property has exceptional access to public transit via the 504 King & 501 Queen TTC Streetcar routes. It is in between two arterial roadways, Richmond Street East and Adelaide Street East, both of which have dedicated bike lanes. The Financial Core is less than 10 minutes away via public transit, car and bicycle with access to the Don Valley Parkway nearby.
In 2016, The Globe and Mail Centre (351 King Street East) opened at King and Berkeley, bringing nearly 500,000 sq. ft. of new office space to the neighborhood. An additional 460,000 sq. ft. of office space Is currently under construction at The Shift, while approximately 50,800 sq ft more is proposed at the King East Centre. The neighborhood has also seen an influx of condominiums in recent years. The population within 1 km of The Property increased by 16.3% between 2013-2018 and is projected to grow 172% between 2018-2023. There are currently 14 proposed/under construction condominium projects within a 500 metre radius of The Property bringing a total of approximately 7,757 new units to the area.