Midtown's Most Stylish Condo Breaks Ground
Freed Developments and Capital Developements Begin Construction on Art Shoppe Lofts + Condos
Excitement is growing as midtown’s most stylish condominium moves one step closer to completion.
Standing behind the construction hoarding surrounding the iconic Yonge Street site, Freed Developments and Capital Developments execs gathered with partners, colleagues and friends to celebrate the start of construction on the design-driven Art Shoppe Lofts + Condos.
Recognized as the fastest selling project of 2015 and BILD’s
2016 Project of the Year, the Art Shoppe Lofts + Condos marked its ground breaking ceremony with a soil turning by the developers and a gracious thank you to the teams and individuals who have worked tirelessly to reach this milestone.
“We bought this site about four years ago, and after all of the hype and excitement surrounding the launch, it’s almost surreal to see Art Shoppe really taking shape,” says Peter Freed, President of Freed Developments. “To be able to bring a building with such a distinctive approach, a world-famous designer, and an amazing range of offerings to Toronto’s most famous street is a fantastic opportunity, and very exciting for us.”
Special guests at the event included Peter Freed, President of Freed Developments; Jordan Dermer, Managing Partner of Capital Developments; Todd Cowan, Managing Partner of Capital Developments; Eric Kuzuian, President of PSR Brokerage, and a number of other partners, financial investors, friends, and supporters of the development.
“The start of construction is a significant milestone because it shows the neighbourhood
and our future residents that the
project is one step closer to completion. It’s wonderful to see these shovels in the ground,” says Todd Cowan, Managing Partner at Capital Developments.
None of this would be possible without the support and diligent work of our teams; everyone has worked extremely hard to get us to this point…thank you to each and every one of you,” added Jordan Dermer, Managing Partner at Capital Developments
Slated for occupancy in 2019, the development features a 28-storey tower on the north side of the property, which steps down to a mid-level 12-storey podium of loft suites to the south. World- renowned, international style icon, Karl Lagerfeld is designing the condo’s two residential lobbies.
In addition to the famously-designed lobbies and 24/7 concierge, the building offers an array of amenities for its residents, including a zen courtyard overlooked by a two-storey fitness centre; a dedicated indoor/outdoor yoga room and juice bar; a professionally designed party room with chef’s kitchen, bar, dining area and lounge; plus a wine-tasting room and private storage lockers. The project’s pièce de résistance will be
its spectacular rooftop garden, boasting a linear outdoor swimming pool and stunning views of the city skyline beyond.
Stretching an entire city block on Toronto’s iconic Yonge Street, Art Shoppe Lofts + Condos is steps from the Eglinton TTC subway station, and perfectly positioned for the opening of the future Eglinton Crosstown LRT line.
This contemporary commercial-residential development will transform the streetscape at Yonge and Eglinton. Two levels of prime retail along Yonge Street— 80,000 square feet in all—will connect the new building to the existing neighbourhood by bringing more animation to its historic main street.
Art Shoppe Lofts + Condos is now 95% sold, with just a few select suites remaining available.
This really has been one of the best projects ever,” smiled Freed.
Original article written: here.
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