Commercial Property: 60 Yonge Street
1 min read
60 Yonge Street is a proposed 65-storey mixed-use tower in Toronto’s Financial District. Contributing to the vertical growth of the area, this new development will replace the existing 12-storey Norwich Union Building, initially built in 1958. As part of this project, the heritage-designated Hotel Victoria, located at 56 Yonge, will be fully preserved and integrated into the design.
Designed by AS + GG Architecture for KingSett Capital, 60 Yonge Street will rise 246 metres with a 5-storey podium that aligns with the height of the adjacent heritage hotel. Starting at the 10th floor, the tower will cantilever 3.6 metres outward, projecting over Hotel Victoria. The architectural design will complement the surrounding area, featuring a "shield" effect on the south and west facades, defined by a diagonal line of semi-transparent fritted glass that spans the full height of the building.
60 Yonge Street will have a total gross floor area of 44,565m², including 41,041m² dedicated to residential use, 3,465m² of retained hotel space, and 58m² for new retail. The tower will offer 649 condominium units, with various residential amenities on floors 64 and 65. The amenities include 1,386m² of indoor and 498m² of outdoor space, featuring a ‘residents’ club’ with an inviting and open atmosphere. The outdoor terrace offers unobstructed views of Downtown Toronto and Lake Ontario.
Situated on the southwest corner of Yonge Street and Melinda Street, 60 Yonge Street is steps from the TTC’s King subway station through a direct underground connection. The heart of Toronto’s financial district surrounds the tower with abundant retail, dining, and entertainment offerings.
References
Landau, J. (2025c, April 14). Almost 70-year-old Toronto office building could be torn down for New Skyscraper. blogTO. https://www.blogto.com/real-estate-toronto/2025/04/60-yonge-street-toronto/
Teles, A. (2025, April 14). 65-storey tower proposed to hang over Hotel Victoria in Financial District: Urbantoronto. News. https://urbantoronto.ca/news/2025/04/65-storey-tower-proposed-hang-over-hotel-victoria-financial-district.58392
UrbanToronto. (n.d.). 60 Yonge street: Urbantoronto. News. https://urbantoronto.ca/database/projects/60-yonge-street.58391
About Royal LePage Commercial Westhaven Toronto
Our commercial real estate industry and segment expertise coupled with Royal LePage’s national platform and integrated systems provides best-in-class real estate strategies and a competitive advantage that can’t be beat.
We help businesses identify opportunities and maximize their return on investment with actionable goals, centralized support services and a strong commitment to customer success. Our national partnerships help us establish, guide and execute successful business investments.
We offer commercial real estate agents a professional environment, focused 100% on commercial real estate. Agents can expect unlimited market boundaries to build their business without the interference of a heavy corporate structure. In addition, agents will be able to access Royal LePage’s national referral network of over 18,000 agents to develop more business in their target markets with incoming leads generated daily. The brokerage provides agents a suite of services including marketing, promotional, networking and professional development needs.
Innovation and service excellence have developed and propelled the Royal LePage brand since 1913. When you join Royal LePage Commercial Toronto brokerage, you have the backing of one of the most powerful commercial real estate services company in Canada—Bridgemarq Real Estate Services Inc. (formally Brookfield Real Estate Services Inc.). Bridgemarq is a leading provider of services to real estate brokers and agents. They are an affiliate of Brookfield Business Partners, a business services and industrials company focused on owning and operating high-quality businesses and is listed on the New York and Toronto stock exchanges.