<img class="webfeedsFeaturedVisual" src="https://display.blogto.com/articles/20250721-ConcordSky-3.jpg?w=1200&amp;cmd=resize_then_crop&amp;height=630&amp;quality=70&amp;format=jpeg" width="100%" /><p>Giant concrete stump rising in Toronto will soon be one of Canada's tallest buildings</p><p>Toronto's Yonge and Gerrard intersection will soon be home to a cluster of Canada's tallest buildings, one of which is now steadily rising above the southeast corner and soon to break into skyline views from across the city.</p><p>The enormous <a href="https://www.blogto.com/real-estate-toronto/2025/01/383-yonge-street-concord-sky-toronto/" target="_blank">Concord Sky project</a> from developer Concord Adex is primed to rise 300 metres into the skyline, taller than any completed buildings in the country as of July 2025.&nbsp;</p><p>The building will never claim any records thanks to a pair of even taller buildings further along in their construction, but this 85-storey skyscraper will indeed become one of the most prominent in Canada in the months to come.</p><p>And reaching this point has been a real saga, marked by dramatic events including the collapse of a major development firm, the site sitting abandoned for years, a resumption of construction, work stoppages, and labour challenges.</p><p>Concord Sky came into existence in 2017, originally a <a href="https://www.blogto.com/city/2017/10/98-storey-monster-condo-one-step-closer-reality-toronto/" target="_blank">98-storey condo plan </a>known as YSL (Yonge Street Living) Residences from developer Cresford. Sales were overwhelmingly successful and construction would begin just two years later.</p><p>Things quickly disintegrated, though.&nbsp;</p><p>Rumours that YSL's developer, Cresord, was facing a "<a href="https://www.blogto.com/real-estate-toronto/2020/02/one-torontos-biggest-condo-developers-said-be-having-cash-crisis/" target="_blank">cash crisis</a>" in 2020 were later validated when the project was placed into receivership, and construction came to a halt, leaving a massive excavated pit behind preserved heritage facades.</p><p>Vancouver-based developer Concord Adex stepped in to purchase the project and introduced a number of cost-cutting changes, <a href="https://www.blogto.com/real-estate-toronto/2021/09/proposal-build-one-torontos-tallest-buildings-back-dead/" target="_blank">rebranding the building</a> as Concord Sky in 2021 with a revised (value-engineered) design from skyscraper specialists Kohn Pederson Fox and local firm architects&mdash;Alliance.</p><p><img alt="383 yonge street toronto construction" id="content-image-119538" src="https://display.blogto.com/uploads/2025/07/24/1753387418-20210922-concord-sky-1jpg.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p class="caption">Concord Adex<br />&nbsp;<br />Construction of the rebranded project resumed in <a href="https://www.blogto.com/real-estate-toronto/2022/01/construction-one-torontos-tallest-towers/" target="_blank">early 2022</a>, but a mid-2023 <a href="https://www.blogto.com/real-estate-toronto/2023/05/city-order-halts-construction-one-torontos-tallest-buildings/" target="_blank">City-ordered work stoppage</a> would again throw a wrench in progress.</p><p>The <a href="https://www.blogto.com/real-estate-toronto/2025/05/85-storey-toronto-tower-delay/" target="_blank">most recent drama unfolded</a> in May, when Concord sent condo investors a letter titled "First Notice of Unavoidable Delay," admitting that the completion timeline had been pushed back due to a strike impacting workers on the site.</p><p><img alt="383 yonge street toronto construction" id="content-image-119539" src="https://display.blogto.com/uploads/2025/07/24/1753387497-20250721-ConcordSky-1.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p>"We are writing to advise you that an event of Unavoidable Delay has occurred that may impact the Occupancy Date of your Unit and other Critical Dates," read the May 13 advisory for purchasers.</p><p><img alt="383 yonge street toronto construction" id="content-image-119544" src="https://display.blogto.com/uploads/2025/07/24/1753387501-20250721-ConcordSky-17.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /><br />Following the resolution of that labour dispute, work has since accelerated as the monolithic concrete structure moves past its enormous lower podium levels and onto the smaller floorplates above.</p><p><img alt="383 yonge street toronto construction" id="content-image-119545" src="https://display.blogto.com/uploads/2025/07/24/1753387502-20250721-ConcordSky-18.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p>Now standing at 17 storeys, the building's form is about to shift once again with a dramatic slope terminating in a knife-edged pinnacle defining the tower's north elevation.</p><p><img alt="383 yonge street toronto construction" id="content-image-119543" src="https://display.blogto.com/uploads/2025/07/24/1753387500-20250721-ConcordSky-13.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p>As Concord Sky grows taller over the months to come, this unique profile will assertively distinguish the enormous condo tower from other heavyweights now joining the cityscape.</p><p><img alt="383 yonge street toronto construction" id="content-image-119541" src="https://display.blogto.com/uploads/2025/07/24/1753387499-20250721-ConcordSky-5.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p>The most recent construction milestone occurred this summer when the first panels of a unitized curtainwall glazing system were applied just above the&nbsp;base.</p><p><img alt="383 yonge street toronto construction" id="content-image-119542" src="https://display.blogto.com/uploads/2025/07/24/1753387500-20250721-ConcordSky-8.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p>The mirror-like facades now emerging above these retained exteriors will add a modern counterbalance to the preserved details below, which include the retained facades of the former Gerrard Building, Richard S. Williams Block, as well as the Yonge Street Mission, in a process overseen by heritage specialists ERA Architects.<img alt="383 yonge street toronto construction" id="content-image-119540" src="https://display.blogto.com/uploads/2025/07/24/1753387498-20250721-ConcordSky-4.jpg?w=1400&amp;cmd=resize&amp;quality=70&amp;format=jpeg" /></p><p>Concord Sky is expected to welcome its first residents in 2027.</p>