The box office has been boffo at the new Theatre District condominiums, a 47-storey tower that will rise from a narrow parking lot next to Toronto's Royal Alexandra Theatre.
Nearly 70 per cent of the units have already been sold in the project just across from Roy Thomson Hall. "It's been remarkable how popular the building has been. It's our fasting selling project ever," says Brad Lamb of Lamb Development Corp., which partnered with Niche Development and Harhay Construction Management Ltd. to develop the infill site.
"There are no other empty parking lots along King Street West, from Parliament to Dufferin. This is the last piece."
Given the premium location of the condominium at 224 King St. West, it will offer several areas that tourists, locals and homeowners can enjoy, such as a treed park with benches, a divot pond and waterfall right off of King Street.
"We created this to allow Roy Thomson to stand out... and it would also be a meeting place for people going to the theatre or symphony," says Mr. Lamb.
Set further back by the entrance to the 234-unit building, there will be a patio, public bar and lounge with 22-foot-ceilings and windows overlooking the park.
To escape the masses, diners wanting privacy – such as celebrity actors, artists and politicians – can head to a high–end restaurant with elevator-only access and 25-foot ceilings.
"There's no dining facility or bar facility like this," says Mr. Lamb. "We want a world class dining facility here that would be equivalent to any five-star hotels in New York, Hong Kong, Paris or London."
On the 10th floor, residents will have the privilege of their own fitness and party areas, as well as a rooftop terrace with a pool facing south.