September 17, 2019
 
   

The Clair Residences

Builder:
Great Gulf and Terracap
Architect:
Hariri Pontarini Architects
Building Type:
Low Rise
Intersection:
Yonge St and St Clair Ave E
Address:
1421 Yonge St
  • 1ky
  • 2ky
  • 4ky
  • 6

Brief

Bounded by the prestigious neighbourhoods of Summerhill and Rosedale to the south, Yonge and Eglinton to the north, and crisscrossed by a network of parks and trails, The Clair is the consummate setting for artful living. Award-winning Hariri Pontarini Architects has designed spacious wrap-around balconies that dissolve the boundary between indoors and outdoors, creating ‘terraces in the sky’ with views of parks and city skyline. Live in a place beyond the horizon of infinite possibility. Only at The Clair. 

Project Details

Project Name

The Clair Residences

Developer

Great Gulf and Terracap 

Address

1421 Yonge St Toronto, ON M4T 1Y7

Major Intersection

Yonge St and St Clair Ave E 

Architect

Hariri Pontarini Architects
Storeys

34 

Number of Units

164

Est Occupancy

TBA

 

The Development Property is designated a “Mixed Use Area” in the City of Toronto’s Official Plan. The objective of this designation is to allow residents to live, work and shop in the same area and to reduce dependency on automobiles. The site is zoned CR 4.25, it permits for a variety of residential and commercial uses. In the immediate area surrounding the Development Property, buildings range in heights from 10 storeys to an approved 37 storey residential building. 

The Development Property is located within a “major transit station area”. To be consistent with the “Growth Plan” policies, the proposed height (151 meters) of the building is appropriate due to its proximity to the High-Order Transit Corridors. The proposed development will be comprised of four (4) levels of underground parking, two (2) levels of retail, four (4) levels of office, one and a half floors of residential amenity space, and 38 levels of luxury residential condominium suites.


About the Developer 

 

Established in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing 50,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada’s top-ranked golf courses, is one of North America’s premier real estate organizations

 

The Terracap Group (“Terracap”) is a $1.5 billion private equity real estate group led by Larry Krauss, combining comprehensive management services with intelligent real estate investment. Our private equity investors and partners represent some of North America’s top-tier business leaders and high net-worth individuals. With more than 100 real estate deals made over the last 30 years, our diverse portfolio comprises 4 million square feet of North American real estate, including multi-residential, development lands, hospitality, retail and office properties. Terracap bolsters the value of these investments through active management, innovative tax structures, redevelopment, remerchandising plans, creative financing, and by securing and repositioning underperforming assets in key markets.

 



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