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May 17, 2022updated 27 Jul 2022 5:19pm

Construction commences on $114m 55 Mercer Residential Development in Canada

By Carmen

Construction work on the $114m 55 Mercer Residential Development located in Toronto, Ontario, Canada commenced in Q2 2022. It was announced in Q2 2019.

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The project involves the construction of a 32,986m2, 47-story condominium tower comprising 543 units in Toronto, Ontario, Canada.

The project includes the following:

1. Construction of 32,451m2 of residential space2. Construction of 517m2 of retail space3. Construction of a community space4. Construction of a fitness center5. Construction of parking facilities6. Installation of elevators7. Installation of safety and security systems

Construction on the project is expected to be completed by Q2 2024.

Owners of the project include Canada-based Centrecourt Developments (CD).

Canada-based IBI Group is the architect and engineering design consultant for the 55 Mercer Residential Development, while City of Toronto is the planning authority.

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