Sugar Wharf Phase 2: Toronto's Waterfront Supertall

Sugar Wharf Phase 2 is the next chapter of Menkes Developments' master-planned waterfront community on Queens Quay East, a site Menkes' partnership group acquired from the LCBO in 2016. With Phase 1's office tower and two condo towers now complete, Phase 2 turns to the parcel between the heritage LCBO façades and Yonge Street — the section of the East Bayfront that will define Toronto's lakefront skyline for the next decade.

Designed by architectsAlliance, Phase 2 brings three residential towers and more than 2,600 units to the site, including a purpose-built rental component of roughly 750 market and affordable suites. The podium has been planned in collaboration with the Toronto District School Board for an elementary school and with the City of Toronto for a daycare — two civic anchors that materially deepen long-term rental and resale demand for a building this dense.

For buyers, the underwriting story is location-led. The site carries a 100 Transit Score and a 95 Walk Score, sits a 10-minute walk from Union Station and the Financial District, and will plug directly into Toronto's PATH network — letting residents walk indoors from the lakefront to CIBC Square. Sugar Beach, the Martin Goodman Trail, the Toronto Islands ferry docks, and the new George Brown waterfront health-sciences campus are all within steps. Ground-level retail (approximately 70,000 sq ft, with a Loblaws on Level 1) handles daily errands without leaving the podium.

Phase 2 pricing starts at $799,000 with a VIP-launch incentive package that includes a $20,000 decor credit, capped development charges, the right to lease during occupancy, and one free locker. Suites range from 1-bedroom to 3-bedroom layouts across 484 to 1,920 sq ft, with Q4 2030 occupancy.