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July 20, 2018

Race is on to build the tallest Toronto highrise


As plans progress for a massive change at the waterfront, competition for the title of Toronto’s tallest building (after the CN tower) is heating up.

A 95-storey building is planned for the Pinnacle 1 Yonge site, which is marketed to be the tallest in the city. At 307 metres high, according to site plans submitted in June to the city’s development web portal, the proposed highrise would edge out First Canadian Place, which currently holds the honour.

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But Sam Mizrahi, president and founder of Mizrahi Developments, the company behind the One, an 85-storey building that’s already under construction at One Bloor St. W., told the Star his tower comes in at a planned 308 metres, including the parapet, an extension of the wall above the roof.

“We’re still the tallest,” he said.

His building will be completed by 2023, he added, and features its own postal code, and 416 residential units — a nod to downtown Toronto’s area code.

Mizrahi said they didn’t set out to build the tallest building in Canada. It happened because tenants, both residential and commercial, wanted high ceilings.

Although he said they didn’t chase the title, it is part of what makes it “exceptional.”

“It’s part of our marketing without a question,” he said.

The Pinnacle official plan and rezoning amendment at 1-7 Yonge St., which includes the current Toronto Star building, has been approved in principle by the Local Planning Appeal Tribunal, which replaced the Ontario Municipal Board, according to the city.

Keep reading in The Star