Picasso on Richmond

1 - About Picasso on Richmond

• Address: 318 Richmond St W, Toronto
• Neighbourhood: Waterfront Communities C1 (Entertainment District / Queen West)
• Storeys: 39
• Units: 405
• Year Built: 2016
• Builder: The Goldman Group and Monarch Group
• Building Type: High-rise condo
• Suite Sizes: 347 sqft - 1357 sqft
• Average Price: $887 / sq. ft.

2 - Overview of Picasso on Richmond

Completed in 2016, Picasso on Richmond is a sculptural high-rise designed by Teeple Architects. The 39-storey tower features shifting white cubes and deep grey cubic volumes that project outward from the Richmond Street West streetscape. A striking red accent, dubbed the "dramatic red cut" by the architects, creates visual contrast against the predominantly monochromatic facade.

Built upon a ten-storey podium that houses lower-level commercial and retail spaces, the tower incorporates a "vertical landscape" concept using multiple terrace rooftops for themed gardens. The residential experience begins in an open-air lobby designed with contemporary art gallery aesthetics.

3 - Suite Sizes & Value

Residences range from 347-square-foot studios to three-bedroom units up to 1,357 square feet. All suites maximize natural light and skyline views through floor-to-ceiling glazing that captures panoramic perspectives of downtown Toronto.

The Average Price: $887 / sq. ft. positions Picasso on Richmond as an architecturally focused option in the downtown core, with varied suite sizes accommodating both urban professionals and families.

4 - Building Amenities & Features

• 24-hour concierge in an open-air lobby
• Yoga studio and fitness facilities
• Spa with steam room and hot-water oasis
• Rooftop patio and terrace with themed gardens
• Social lounges and media lounge
• Private dining room with entertaining spaces and bar
• Lower-level commercial and retail spaces

5 - Location Highlights

• Cultural Venues: Walking distance to Princess of Wales Theatre, Royal Alexandra Theatre, TIFF Bell Lightbox, and Roy Thomson Hall
• Transit: Direct access to Queen St West streetcar with Osgoode and St. Andrew subway stations within walking distance
• Arts & Heritage: Close proximity to 401 Richmond, a heritage artist incubator and exhibition space
• Entertainment: Located opposite Scotiabank Theatre with easy access to King West and Queen West dining districts
• Business: Direct connectivity to the Financial District and downtown employment centres

6 - Lifestyle Near Picasso on Richmond

The development occupies a prime position where Queen West meets the Entertainment District, attracting professionals and creative professionals who value walkable urban living. The neighbourhood provides immediate access to theatre venues, boutique shopping, and numerous art galleries.

Residents enjoy a social atmosphere with proximity to both the business core and residential garden spaces, creating an ideal balance between urban energy and private retreat.

7 - About the Developer

The Goldman Group partnered with Monarch Group to develop Picasso on Richmond, bringing together expertise in architectural integration and neighbourhood development. Monarch Group, one of Canada's oldest real estate companies, collaborated with Teeple Architects to deliver this 405-unit development that emphasizes modern design and urban connectivity.