THEORY CONDOS
COLLEGE & ST. GEORGE
Starting From Low $500's

URBAN LIVING AT THE HEART OF U OF T

Theory Condominiums.


Introducing a Toronto pre-construction condominium at 203 College, where a leafy university campus and a humming research and innovation district converge.
Theory Condos is scheduled for occupancy in 2021.


Parallax’s application proposes a 33-storey development, comprised of a 30-storey tower grounded by a three-storey podium. The development will house 356 residential units in total, with 712 square metres of indoor amenity space, 444 square metres of outdoor amenity space and 2328 square metres of retail and office space. 58 parking spaces will be provided below grade.



Amenities

The application proposes a variety of unit sizes, including 60 bachelor units, 34 one-bedroom units, 146 one-bedroom-plus den units, 87 two-bedroom units and 29 three-bedroom units. Square footage ranges from 400 to 800, with each unit in the tower having a private terrace.

Theory Condos building will be white and linear in structure, with a sleek, glass-front podium. Page + Steele and IBI Group are the architectural firms behind the design, both experienced in the creation of urban condo communities.

Developer

Parallax Development Corporation


Parallax Development Corporation is a real estate development company that has diverse assets throughout Canada and the United States. They pride themselves on their varied portfolio and their ability to get things done. They began as a company that was primarily concerned with the development of retail shopping plazas, but today they have become so much more.

This developer was originally started by Owen Lawson over 30 years ago. He and his partners approached real estate development with a sense of frivolity and companionship that rubbed off on Owen’s two sons, Stafford and Nigel. Behind the boardrooms and contracts, Owen and his partners would go into the ground level of the construction sites and bet on things like how many rats they could catch.

Although they always knew that they wanted to pursue the real estate industry with their father, Nigel and Stafford also knew that it was important to earn it on their own terms rather than being handed something because of their birth.


Stafford always aspired to join his father, and he proved it by taking jobs in construction in high school. The jobs were far from glamorous, as he mostly picked up garbage in the construction sites and filed off paint from radiators. After high school, he completed an Undergraduate degree and McGill University, and then a Master’s of Science in Real Estate Development at Columbia University in New York. This is where he met his future business partner Michael Binder.

Together Stafford and Michael approached Owen about new ideas in which to take the company, and they joined the company shortly after graduating from Columbia.

Nigel chose to become a lawyer and graduated from the University of New Brunswick Law School. He practiced real estate law until he felt he was ready to join his family’s company in 2010. Both brothers understand the importance of hard work and post secondary education.

Since Stafford, Nigel, and Michael joined Parallax, the company has gone from a front-end development company that focused on retail, to a company that now sees projects all the way through to completion with a wide and varied portfolio. They have gone from focusing on retail plazas to having a portfolio that comprises of street front retail, office buildings, mixed-use facilities, high-rise and mid-rise residential buildings, and public-private partnerships. The portfolio culminates in 75 completed projects with an additional $200 million in various stages of development. They have also gone beyond the Toronto market and now hold assets throughout Canada and the United States.

This is a nimble and creative company that has proven they can see a multitude of projects through to completion without being constrained to a single market, or even a single nation. With Owen’s experience, and Stafford, Nigel, and Michael’s youth and ability to anticipate the future, this is a company that is sure to continue going far in the industry.


Location & Neighbourhood

This downtown Toronto condominium is located in city’s Discovery District, an area generally bound by Spadina Avenue to the west, Bay Street to the east, Bloor Street West to the north and Dundas Street to the south. It includes the University of Toronto, MaRS, several hospitals and has become a hub for medical research and innovation.

Iconic neighbourhoods like bright, bustling Chinatown and the bohemian Kensington Market are only blocks away, perfect for an afternoon stroll. The site is steps from two major streetcar lines and a short ride to Queen’s Park Subway station.

The neighbourhood is actively growing. Between 2006 and 2011 it experienced a population growth of 8.3% (approximately 1,415 residents), nearly double the city’s growth rate in its entirety. The bulk of that growth fell under the “youth” population category, but the “working age” group still remains the largest in the neighbourhood. It’s an eclectic pocket, where students, faculty member, medical professionals and young families mingle.

Over the past few years, several dated retail and campus buildings in the area have undergone transformations, so the area is now a unique mix of Victorian rowhouses, the Gothic Revival architecture that marks the U of T campus and a sprinkling of modern condominium residences and architecturally-compelling medical buildings.

So much is in walking distance from Theory Condos, including libraries, childcare facilities, schools and community centres which have programs for various age groups. There are close to 20 parks in the neighbourhood, giving future residents access to almost 15 hectares of greenspace. Come see for yourself why this downtown condominium development has everything going for it; style, location and innovation.

203 College St. Toronto, ON M5T 1P9

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