News Blaze : Pier27

TORONTO, ONTARIO - (CCNMatthews - May 29, 2007) - Fernbrook Homes and The Cityzen Development Group unveiled plans for its Pier 27 residential community at the foot of Yonge Street, the last - and arguably the best - waterfront address in Toronto.

"We have had the advantage of learning from what others have done before," says Danny Salvatore, president of Fernbrook. "The result is a spectacular new community which seamlessly links the city's lakefront with its residents."

Pier 27 is a 9-acre site south of Queen's Quay, located at the foot of Yonge Street. Bounded on the west and east by water, the property is zoned for up to 1.5 million square feet of residential space plus ground level commercial suitable for shops and service outlets.

While the details of the entire development are still in the working stage, the partners announced today that Phase One will be a spectacularly innovative pair of twin, 12-storey towers, capped by a three-level bridge, which will offer dramatically different penthouse suites.

Designed by celebrated architect Peter Clewes of architectsAlliance, the steel and glass towers will be set amidst lavishly landscaped grounds reminiscent of southern resort properties. Their design and the use of steel and glass intentionally create a visual link between the city's magnificent harbourscape and islands and pedestrian traffic along Queen's Quay.

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