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Benchmark Signature Realty INC Brokerage
The United Building
University Ave & Dundas St W
481 University Ave, Toronto
Tentative Occupancy 2024
University Ave & Dundas St W
481 University Ave, Toronto
Tentative Occupancy 2024
The United Building is owned by Davpart Inc., a real estate investment and property management company. In fact, their holdings on this block bounded by University, Edward, Centre, and Dundas Streets include all of the properties. Currently that's a 10-storey commercial office/retail building at 481 University, 4 storeys at 137 Edward Street, 4 storeys at 70 Centre Avenue, and 9 storeys at 210 Dundas Street West. Three of the four are listed as part of Toronto's heritage inventory, the exception being the Edward Street building.
UNITS: 748
STOREYS: 55
The downtown site has direct access to the city’s subway and streetcar network, encompassed a full city block and contained several large scale heritage buildings. A proposal for a 55 storey residential tower, with a 10 storey base of office and retail uses was developed. The upscale office component includes the retention of two of the major heritage buildings on site and the placement of the residential tower on one corner of the overall site.
LOCATION
481 University Ave
The site is positioned between University and Dundas Street West, has direct access to St Patrick Subway Station. Situated at the crossroads of three high-density employment areas - Bay Street Corridor, Hospital Row and the Financial District – suites in this contemporary condominium will be in high demand for the executive tenant. University of Toronto, Ryerson University, and OCAD University are within walking distance as well, providing another potential tenant base.
- Direct Access to St. Patrick Subway Station
- 5 Minutes walk to University of Toronto
- 5 Minutes walk to OCAD University
- 9 Minutes walk to Ryerson University
- 10 Minutes walk to Financial District
- 6 Minutes walk to Eaton Centre and Yonge-Dundas Square
- Walk Score of 99 out of 100.
- Transit score of 100
Direct Access to St. Patrick Subway Station
DEVELOPER
DAVPART INC. is a full service real estate investment and management company established in 1993. The principal of Davpart is a partner of H&R Developments, which has built a reputation of quality and excellence over decades in the building and development industries. Through hard work and commitment, Davpart has built an impressive portfolio of both owned and third-party managed real estate assets comprised of major shopping centres, high-rise office towers, industrial parks, and residential complexes throughout Ontario and the U.S. Additionally, Davpart has experienced tremendous success in redeveloping and revitalizing existing shopping malls in Southern Ontario. It is with these same values, commitment, and drive for excellence that Davpart Inc. is proud to launch its latest groundbreaking project 481 University Condominiums.
ARCHITECT
B+H Architects founded in 1953, is one of the largest architecture, interior design and urban planning firms in the world with over 450 architects, designers, planners and support teams working from offices in Toronto, Vancouver, Calgary, Seattle, Shanghai, Beijing, Hong Kong, Singapore, Ho Chi Minh City, Delhi, Doha and Dubai.
B+H’s body of work spans all sectors including commercial, entertainment, healthcare, hospitality, industrial, institutional, residential, retail, sports, and transportation. The firm has also collaborated with many international architects including: Santiago Calatrava, Daniel Libeskind, and Ludwig Mies van der Rohe.
In 2014, B+H ranked among the top 50 largest architecture firms around the world by British magazine Building Design