Commercial Property: 111 Peter Street
2 min read
Rising in Toronto’s Entertainment District, 111 Peter Street is set to become a bold 52-storey mixed-use development, with the addition of 43 stories atop an existing 9-storey office building. This project will add residential, commercial, retail, and community space to the neighbourhood while supporting Toronto’s growing tech industry.
Designed by WZMH Architects for Industrial Alliance Insurance and Financial Services Inc and Capital Developments, 111 Peter Street will integrate the existing 1971 office building, into the base of the new tower, merging old and new architectural elements. The tower features 852 residential units across 56,388m² and 2,406m² of flexible non-residential space to accommodate shifting market demands. Additionally, the retained office building will offer over 1,480m² of street-level retail space.
111 Peter Street offers a variety of indoor and of outdoor amenities designed to encourage community connection. The indoor amenities, spanning 789m² on the 9th and 10th floors, include co-working areas, a fitness studio, and an on-site grocery store. Outdoor amenities total 1,767m² and are located on the roof of the existing office building, directly connected to the 10th floor. The development features underground parking with 31 vehicle spaces and extensive bicycle parking facility.
Situated in Toronto’s vibrant Entertainment District, 111 Peter Street enjoys a prime location at the heart of the city. It offers easy access to the Financial District, Queen West, King West and the Discovery District, neighbourhoods known for their dynamic blend of restaurants, bars, cafes, retail shops, and entertainment. With perfect walk and transit scores of 100, 111 Peter Street ensures seamless connectivity to Toronto’s transit system.
The expected completion date for 111 Peter Street is 2031.
References
Capital Developments. (2025, April 25). 111 peter. Capital Developments. https://capitaldevelopments.com/condo-project/111-peter/
Crown Realty Partners. (n.d.). 111 Peter Street - Crown Realty Partners. Crown Realty Partners - Integrated Investment & Management of Commercial Real Estate. https://www.crownrealtypartners.com/properties/111-peter-street
Teles, A. (2024, December 9). 52-storey proposal would convert office building at Richmond and peter: Urbantoronto. News. https://urbantoronto.ca/news/2024/12/52-storey-proposal-would-convert-office-building-richmond-and-peter.57563
UrbanToronto. (n.d.). 111 Peter Street: Urbantoronto. News. https://urbantoronto.ca/database/projects/111-peter-street.57555
WZMH Architects. (2024, December 31). 111 Peter Street, Toronto, Ontario. WZMH Architects. https://www.wzmh.com/projects/111-peter-street
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