RUSH Condos is a new condo development by Alterra currently in preconstruction at 520 Richmond Street West, Toronto. RUSH Condos has a total of 123 units. Residents will appreciate the vibrancy of the surrounding area but the slower pace of this particular strip- not to mention, daily necessities are just a stone's throw away. The façade of the building will feature wide windows and balconies for those who prefer to have private outdoor space. Amenities are set to include a landscaped roof-top terrace, a collection of indoor facilities, 36 parking spots and much more. Rush Condos will be a modern addition to one of Toronto’s top “regeneration areas”. This pocket of the city is rich in historic buildings that may become condominiums in the near future.
RUSH Condos Summary
This is a new project is a pre-construction condominium in Toronto’s Fashion District, proposed by Alterra Developments. A contemporary mid-rise building,RUSH Condos is slated for a 2021 occupancy. This stylish home will give a vibrant neighbourhood yet another modern addition that still pays homage to the area’s rich history while offering a wealth of condominium-style conveniences. The development site sits on the northwest corner of Richmond and Augusta Avenue, a leafy, yet modern pocket that’s rich with historic buildings.
Alterra’s proposal calls for 13 storeys and 108 residential units with commercial space at grade. The unit mix is expected to include 50 one-bedroom layouts, 30 one-bedroom-plus-den, 17 two-bedroom and 11 three-bedroom layouts. 36 parking spaces will be located underground, along with bicycle spaces. A landscaped rooftop terrace is expected to be included, along with a selection of indoor amenities. Designed by Quadrangle Architects,RUSH Condos will feature symmetrical lines and a warm, yet contemporary façade, complementing its surroundings beautifully.
Location & Neighbourhood
Condos in Toronto’s Fashion District have a unique appeal. The neighbourhood has strong historical roots, having been the center of the city’s garment and textile manufacturing industry in the early twentieth century. Its influence can still be seen in the many art deco-style warehouses lining the stretch, many of which have been converted into residential lofts, art galleries, restaurants or office space for creative and technology-based businesses. In the past few years, we’ve seen more contemporary condominiums popping up here too, as young professionals begin to favour the area for its proximity to trendy neighbourhoods like West Queen West, Chinatown and the Entertainment District. Many of these are mid-rise buildings, designed to complement the area’s existing streetscape. In the Fashion District, you’ll find a selection of trendy bars, cafes and boutiques, making it a great pocket of the city to start or end your day. The city has designated this portion of its downtown as a “regeneration area,” which allows for a wide range of uses, including residential, commercial and light industrial. Despite the trend for midrise and boutique buildings here, a seven-acre redevelopment is proposed for the southern part of the neighbourhood that will see seven towers, significant office space, a retail galleria and pedestrian mews. We love the idea of investing in property near large-scale mixed-use projects, as it adds value and presents even more opportunities to work, shop and enjoy the public realm in a modern setting. The neighbourhood scores a perfect 100/100 on its Transit Score, thanks to its close proximity to three streetcar lines. Both the King and Queen cars are steps away and it’s only a few minutes’ ride into the Financial District or other high-density employment areas. The Spadina car connects you directly with the Bloor subway line to the north, as well as Union Station and the waterfront to the south. This is your chance to invest in a truly cosmopolitan location with a compelling historical appeal.