A prominent block on Toronto’s Yonge Street corridor is seeing a new wave of activity with the launch of Gloucester on Yonge, a mixed-use development by Concord Adex. Located at 591–597 Yonge Street, just steps from Wellesley subway station, the project combines ground-level retail, second-floor medical offices, and three luxury heritage townhomes.
The ground floor of Gloucester on Yonge features five retail units fronting Yonge Street. Two of the spaces have already been leased.
Sushi Kiwami, a renowned omakase restaurant brand established in 2017, has opened in Unit 1. With six locations, including the new Gloucester site, the brand brings an authentic Japanese dining experience to Toronto. Utensils, tableware, and other restaurant elements are sourced directly from Japan, while ingredients are flown in three times weekly from local Japanese fish markets. Sushi Kiwami’s chefs are veterans of Michelin-starred omakase restaurants in Japan, offering an elevated and authentic culinary experience for local diners.
Next door, GOA Hair Salon is expected to open in Unit 3 by Summer 2025.
Remaining units—Unit 2 (1,165 square feet), Unit 4 (2,371 square feet), and Unit 5 (2,388 square feet)—are available for lease. Ceiling heights reach up to 21 feet, and infrastructure supports kitchen exhaust and venting, allowing for food-service uses. The site also includes 120 secured underground commercial parking stalls, a rarity in the downtown core.
Medical Office Ownership Draws Professionals
Above the retail space, the Gloucester Medical Office Centre offers condominium ownership opportunities for medical professionals. Office units range from approximately 1,200 to 2,875 square feet, with ceiling heights up to 17 feet and high-spec features including fibre internet, HVAC, and Concord’s BioSpace air filtration system. The second floor has dedicated elevator access from Yonge Street and the underground garage, which includes 116 commercial parking stalls.
Located within walking distance of Toronto’s top hospitals—including Toronto General Hospital, Mount Sinai, SickKids, and Women’s College Hospital—the medical centre is well positioned to serve a large catchment of patients and healthcare workers.
Heritage Townhomes Blend Luxury with Live/Work Potential
Facing Gloucester Street, L’Héritage at Gloucester includes three fully restored heritage townhomes offering a rare luxury live/work format. Ranging from 2,770 to 3,600 square feet, the townhomes feature restored Renaissance Revival red-brick façades and modern interiors.
Each unit is designed to support both residential and professional uses and is being marketed toward entrepreneurs, designers, and families. The layout supports business operations on the lower level, with open-concept residential living above. Expansive windows provide ample natural light throughout, supporting a lifestyle that blends work and home in one of Toronto’s most connected neighbourhoods.
A Mixed-Use Vision from Concord Adex
The Gloucester on Yonge development is part of Concord Adex’s broader mission to deliver future-proof, mixed-use communities in Canada’s major urban centres. With more than 40,000 homes built globally and nearly 150 towers, Concord continues to lead in integrating residential, retail, and commercial uses with sustainability and technology at the forefront.
As part of this commitment, Concord’s buildings feature smart systems, high-speed EV infrastructure, and energy-efficient design. The company’s Concord Green Energy division operates wind, solar, and hydroelectric projects across Canada—offsetting energy usage in its buildings many times over.
