Freed Hotel & Residences

Description

Condo Project Summary

An innovative and inspiring new condo has been proposed for Toronto’s Entertainment District.

Freed Hotel & Residences is an ambitious mixed-use condominium by Freed Developments in Toronto. This pre-construction project will be located at 240 Adelaide St W, the northeast corner of Adelaide Street West and Duncan Street.

The gleaming condo will rise 63 storeys high and contain a total of 414 modern residential suites ranging from 270 sqft to 9,000 sqft with a luxurious 5-star hotel on the lower levels.

Amenities

Freed Hotel & Residences will exhibit many unique features that will be sure to breathe new life into the community. The exterior will be unique for many reasons, including a rooftop that will be distinctively angled upward to a peak that will be visible within the downtown skyline.

Most notably, the podium of the tower will be rather distinguishable as the lower levels of the building step back in a series of terraces, creating a reveal at the corner of the building where the tower form extends all the way to the ground.

Each terrace will house multiple shrubs and trees, presenting a beautiful, open green corner.

This modern condo building will rise an impressive 63 storeys high and consist of 414 spacious dwellings. A 24-hour concierge service and distinguished art by Takashi Murakami will be found in the grand lobby.

Above this, an on-site luxury hotel will take up floors 2 to 13, with Katsuya Restaurant’s new Toronto flagship location found on the second floor.

Floors 14 to 61 will be taken up by condos. These well-designed residential units will include studio and three-bedroom apartments ranging from 270 to 9,000 square feet.

A penthouse restaurant with a grand staircase will lead from floors 62 to 63 and complete the building with unparalleled views of the city and the CN Tower.

Complementing this sumptuous luxury will be an array of jaw-dropping amenities.

Level 5 will feature:

• Fitness facilities
• Change rooms
• Boutique spa with complimentary wellness offerings
• Resident lounge with adjoining outdoor terrace

Level 6 will also present:

• Outdoor pool
• Pool lounge and bar
• Screening/media room
• Co-working lounge
• Multi-purpose entertainment rooms

Additionally, the condo will house 57 vehicular parking spaces (to keep in line with sustainability incentives) and 651 bicycle parking spaces provided in 6 levels of underground parking. Valet parking will also be available. With a beautiful hotel anchoring the building, this is an exciting investment opportunity in one of the city’s designated Urban Growth Centres.

Location & Neighbourhood

Freed Hotel & Residences will be located in downtown Toronto’s Entertainment District. This hub in Toronto known for its clubs, bars and restaurants that attracts crowds of young professionals is actually looking to turn a new leaf. In fact, this condo will be replacing the landmark, 30-year-old Crocodile Rock building that was once a prosperous bar and nightclub.

It is predicted that an estimated 50,000 people will live in this particular district and the area will also welcome work spaces for approximately 50,000 jobs in the coming years. Young and working professionals will enjoy this location which is walking distance from a multitude of office buildings in the city’s Financial District.

Currently, there are many proposed projects in the area, which will add upscale retail and office space. A prime example of this will be the new Ontario College of Art and Design (OCAD campus), along with extensive gallery, office and creative space – which will be just a block away from the condo.

This location scores a perfect 100/100 as a walker’s paradise and rider’s paradise. It is also a site served well by transit, just steps from the King Street Streetcar and St. Andrews Station.

It is only a ten-minute walk to Union Station, downtown’s major transit hub, which connects you with the GO Train, regional subway and the Union Pearson Express train. In addition, the condo sits in close range to major roads and highways including the Gardiner Expressway, making travelling in and around the city quite simple.

This condominium is situated in the Waterfront Communities-The Island neighborhood in Toronto. It not only includes a plethora of entertainment amenities but also sits in close proximity to many natural amenities. Nearby parks include St. Patrick’s Square, Grange Park Toronto and Simcoe Park.

This new development is an excellent option for investors to first-time buyers and everything in between. Its convenient location and evolving community is the perfect recipe for a successful investment for your future. The condo’s unique finishes will not only add vibrancy to the neighbourhood, it will also improve the public realm with its varied uses.