685 Lake Shore

Active

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Residential, Retail, PIC

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Address: 685 Lake Shore Blvd E, Toronto

An iconic gateway to a revitalized area.

Once the site of brownfields and industrial complexes, Toronto’s Port Lands represent 356 hectares of mostly vacant land located in downtown Toronto. The City’s 50-year urban renewal plan proposes a district, road and transit layout that will result in an exciting new community with room to grow. Carlyle, in partnership with Slate Asset Management, identified this 0.99-hectare site as having significantly more potential than indicated by the in-place planning framework. After acquiring the site in December 2021, Carlyle and Slate Asset Management proposed the first privately held mixed-use development in the McCleary District; two stunning high-rises connected by a commercial podium designed by BPD Quadrangle that will serve as a new gateway to the revitalized area. Our application led the way, closely followed by several other developers, and was the first to receive City Council approval in November 2024.

Property Submarket
Port Lands, Toronto
Total SM
111,083
Residential Suites
1,581
Architect
BPD Quadrangle
Storeys
58 and 54 storey residential towers
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