Concord Sky (formerly YSL Residences) is a

mixed-use Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to som ...

skyscraper under construction in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central C ...

, Canada. YSL is an

acronym An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as ...

for "

Yonge Street Yonge Street (; pronounced "young") is a major arterial route in the Canadian province of Ontario connecting the shores of Lake Ontario in Toronto to Lake Simcoe, a gateway to the Upper Great Lakes. Once the southernmost leg of provincial H ...

Living". Upon completion, the building will surpass

First Canadian Place First Canadian Place (originally First Bank Building) is a skyscraper in the Financial District of Toronto, Ontario, at the northwest corner of King and Bay streets, and serves as the global operational headquarters of the Bank of Montreal. At ...

in height to become Canada's second-tallest skyscraper, after

The One The ONE is a shopping centre in Tsim Sha Tsui, Kowloon, Hong Kong. It is built on the site of the former Tung Ying Building at 100 Nathan Road. It was developed by Chinese Estates Holdings and opened in 2010. Owner Joseph Lau Luen-hung g ...

. If the building is completed before The One is finished, then the building will briefly become the tallest building in Canada.

History

When YSL Residences was first proposed in 2017, the plan called for the construction of a 98-storey, 343.9 m (1128 ft) tall building with a sloping south face that was pinched-in partway up. However, following a hearing with the LPAT in 2018, the building's height was scaled back considerably to (making it a mere shy of

supertall A supertall building is an occupied "supertall" structure higher than and beneath . A form of skyscraper, it falls midway between a common minimum definition of "skyscraper" (a building taller ) and a " megatall" building (taller than ). Diff ...

status), but had various community amenities not present in the original proposal added. The building now features a sloping north face with inset balconies. In 2020, the project was put on pause due to the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...

. Developer Cresford Development went into receivership and construction has not resumed. The existing building on site was removed except for its facade, which is to be preserved, leaving a pit and construction office on site. In 2021, the project was sold to Canadian developer Concord Adex and rebranded as Concord Sky. Units began presale the same year, with construction to resume in the near future.

References

External links

* Skyscrapers in Toronto Buildings and structures under construction in Canada {{Toronto-stub

History

See also

References

External links