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Ontario  + Apartments  |  July 8, 2025
Heritage building in Toronto that would be redeveloped as part of a 70-storey multi-family project. Photo by Rentals.ca.
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By: Monte Stewart

Akelius Seeks to Develop 70-Storey Multi-Family Tower in Toronto

Akelius aims to construct a 70-storey multi-family tower as part of a Toronto heritage-building redevelopment project.

Plans calls for a total of 647 rental-units units are proposed, including nine studio units, 315 one-bedroom units, 254 two-bedroom units 69 three-bedroom units (10.7%). The project would replace 48 replacement one-bedroom units among the 647 total suites.

The three-storey heritage buildings would also be retained. The project would also include which is comprised of indoor amenity rooms, outdoor amenity terraces and a rooftop garden, along with kitchens, multi-purpose, or exercise spaces.

Picture: Heritage building in Toronto that would be redeveloped as part of a 70-storey multi-family project.

Photo: Rentals.ca

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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