Amid a dearth of latest rental launches, Toronto is receiving one in every of its first new luxurious boutique releases.
Capitol Residences, a 14-storey, 145-unit condominium from Madison Group and Westdale Properties within the bustling Yonge and Eglinton epicentre of Midtown just lately launched gross sales for items of as much as 3,000 sq ft with pricing beginning at $1 million. The constructing’s items are superlatively designed with 10-foot ceilings, curated finishes and signature kitchens that includes every little thing from gasoline ranges to high-end home equipment and outsized terraces and balconies.
The constructing pays homage to the previous Capitol Theatre, which opened in 1914 and closed in 1998, and noticed locals by way of the difficulties of the Nice Melancholy and Nineteen Thirties. The amenity bundle contains a speakeasy-inspired golf simulator and social membership, and extra.
“The facilities harken again to the essence of what the grandness of life was on the unique Capitol Theatre, which anchors the undertaking. To come back in by way of a grand foyer, have a state-of-the-art health facility, a golf simulator that’s paired with a bar and social lounge; there’s a actually distinctive children’ play space that has a theatre stage that was impressed by the unique Capitol Theatre,” Josh Zagdanski, VP of high-rise at Madison Group, mentioned. “There’s a social membership with each a dwelling and eating room that opens as much as a extremely magical terrace, which is social-oriented, relying on the way you wish to use it. There might be a model new metropolis park subsequent to the event, too.”
The Studio Munge-designed entryway retains the theatre and movie theme omnipresent in Capitol Residences, however as a lot because the constructing’s inside is a blast from the previous, the encompassing neighbourhood is arguably the best amenity, says Zagdanski.
“The location is within the Yonge North Village and the proximity of the city centre is frequently evolving and with the LRT and all of the facilities in addition to elevated density within the space,” he mentioned. “You possibly can see it within the type of retail and workplace tenants and residents coming so as to add worth and finishing an space the place they stay, work and play to the fullest extent.”