- What Castlepoint Numa is looking to build two mixed-use towers in Toronto’s Port Lands
- Why The eastern waterfront area is undergoing extensive redevelopment, moving away from historical industrial uses
- What’s next The application is under review by the City of Toronto
Castlepoint Numa is eyeing a site in Toronto’s rapidly changing Port Lands for a massive mixed-use project.
The developer has proposed two towers for 115 Saulter Street South, just south of Lake Shore Boulevard East. Rising 40 and 45 storeys, the buildings would share a seven-story podium containing four retail units and a “black box” studio space “to complement and support the existing film industry uses located in the Port Lands,” according to planning documents. There also would be office space to support the film studio.
The Port Lands, already home to several film production spaces, is also the site of the planned Basin Media Hub — a $250m film, television and media studio from Hackman Capital Partners, the MBS Group and the City of Toronto’s CreateTO.
The proposal calls for 1,300 residential units across the towers. Castlepoint Numa did not specify whether those would be rental or condominium units, nor what sizes they would be.
Space in all the buildings has been blocked off for amenities, including green roofs. The project is close to the future East Harbour GO station and the Ontario Line station, as well as the planned Waterfront East Light Rail Transit.
The towers, designed by architecture firm Cobe, would give the illusory effect of leaning in opposite directions, per renderings filed with the development application.
The site currently houses a low-rise industrial building that be demolished, a common practice in Port Lands redevelopment projects. Directly north of 115 Saulter Street South is a warehouse used by a film equipment rental service, which Carlyle Communities and Slate Asset Management have proposed be torn down in favour of two 38- and 43-storey towers.
Castlepoint Numa’s application is under review by the City of Toronto.
