Mayor Tory joins execs from Tridel, RioCan and Woodbourne to celebrate the launch of Tridel at The Well
Canada’s leading condo developer set to deliver the most anticipated lifestyle opportunity in downtown Toronto
TORONTO (June 3, 2019) – The massive construction site situated at the corner of Front and Spadina will soon be home to Toronto’s most anticipated condominium lifestyle. On Monday afternoon Toronto Mayor John Tory joined Tridel Executive Vice President Andrew DelZotto, Andrea DelZotto and representatives from RioCan and Woodbourne, to officially launch Tridel at The Well.
“The Well is a choreographed mix of urban experiences, dynamic architecture and interconnected public spaces. There is simply no other development that offers this breadth and scale of integrated uses,” says Executive Vice President of Tridel, Andrew DelZotto. “Residents will experience the full spectrum of urban living without needing to leave the community. And if they do leave, they’ll find themselves in the middle of one of Toronto’s most dynamic and energetic neighbourhoods.”
The Well Condominiums by Tridel will offer future residents two distinct living opportunities. The Classic Series consists of two towers 38 and 22 storeys tall, along Front Street with 400 suites and 258 suites respectively. A boutique, 14 storey mid-rise featuring 98 suites known as the Signature Series will be located along the revitalized and historic Wellington Street. Each of the three buildings will feature Tridel’s unwavering commitment to quality and sustainability, as well as individualized sets of refined amenity spaces, including party rooms, outdoor terraces with pools, fitness centres and more.
With a pedestrian-centered focus, Tridel at The Well responds to some of the strongest desires of downtown Toronto today: walkability, community-building, the ability to create connections while seamlessly blending old and new. More than a collection of buildings, The Well is an amenity-rich, urban streetscape and a vital, fully functioning environment that puts the things people want most within easy reach. Perfectly situated between King West and the Entertainment District, Tridel at The Well offers established connections to public transit, airports, trains, buses and highways. A planned intercity GO Train stop on The Well’s doorstep will connect professionals, visitors and residents to the city and the province.
Materials used in the design were carefully considered to reflect the surrounding neighbourhoods, pulling visual cues from the existing architecture along King Street West. Multiple architects and visions came together to tell a cohesive architectural story that purposefully moves from red brick to wood to concrete as The Well flows west to east towards the financial district. Overhead, a soaring glass canopy responds to the unique seasonal diversity of Toronto, sheltering pedestrians as they move through The Well. This allows for year-round access to green spaces and the al fresco shopping and dining experience that people crave. In total, The Well will offer space for 5,000 new office jobs, 1,200 new retail jobs and over 750 new condominiums by Tridel.
Along with launching the condominium offering at The Well, Monday’s ceremony coincided with the release of a new report outlining the economic impact of The Well. Among a handful of key findings, the 2019 economic impact report by the Altus Group revealed that annual benefits from the ongoing operation of The Well’s commercial and retail spaces, and the management of the property, will generate more than 23,000 person-years of employment and over $300 million in income by households. In total the estimated annual economic benefit from the on-going operations of The Well add up to approximately $939 million in economic activity for the city.
“The Well has the ability to transform the downtown core and create an entirely new community,” said Mayor John Tory. “Investments like this are a reflection of the growth we are experiencing in Toronto and the confidence that businesses have in our city.”
To register for more information on Classic Series and Signature Series at The Well visit www.tridel.com/thewell
Video Coverage of the event by Parvasi
Tridel® is Canada’s leading developer and builder of condominium residences with more than 85 years of homebuilding experience. To date, the Tridel Group of Companies is responsible for producing over 85,000 homes. Tridel is determined to develop condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations. The company is working to meet this goal by focusing on innovation including environmentally sustainable design, performance in construction and corporate stewardship.
Tridel is committed to building the highest quality condominiums possible and has won virtually every award in the industry for design, customer service, sales, marketing and construction excellence. Tridel looks forward to continuing this long, proud history of award-winning excellence with over 20 new condominium communities currently under development in the Greater Toronto Area. www.tridel.com