Yonge and Gerrard is already home to Canada's tallest condo in the form of the Aura Building. If KingSett Capital gets its way, the existing skyscraper will soon have some company at the intersection. Urban Toronto reports that the developer has submitted an application to the city to build two towers at the southeast corner of the intersection at 62 and 73 storeys.

Designed by Quadrangle Architects, the tower podium would preserve the facades of two heritage properties at the corner, before soaring upwards with a combination of retail, office, and residential space.

Mixed use developments are all the rage in Toronto, and for good reason. This is a high traffic section of the city with tons of potential for retail and commercial development in addition to the residential portion of the project.

It's a smart looking building at street level, though it's worth noting that it's just a proposal. The height of the towers could be contested and the current design will likely undergo some changes along the way. In any case, things are looking up (way up) at Yonge and Gerrard.