It seems that size does matter after all.

Part of the prestigious The Residences of College Park, Aura is set to become the tallest condo tower in the country. At 243 metres, or 75 storeys, the residential/commercial tower will stretch into the sky at the northwest corner of Yonge and Gerrard in the heart of downtown Toronto. Claiming to be the tallest, it’s drawing a lot of interest from foreign investors and wealthy Torontonians who want to live in the sky.

But what about 1 Bloor, with plans to spiral into the sky at a whopping 80 storeys? It seems that though Bazis, the developer of 1 Bloor, is marketing the building as the tallest, in meters it is currently approved only at 205. They may have not gotten complete approval to build up to 278, which is what the developers want to allow for additional things like architectural fins and a mechanicals penthouse.

Developer Canderel Stoneridge plans to reserve 1.3 million square feet of Aura purely for residential use, with the first four floors devoted to commercial and recreational space. The Residences of College Park is planned as a community of three towers. Aura is the third phase of the development.

Suites are priced according to size and the floor on which they’re on. The higher up the tower, the higher up in price.

This entry was posted on Wednesday, November 21st, 2007 at 12:40 pm and is filed under Condominiums. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.