March 22, 2011
The L Tower [map] by Cityzen Development Group, Fernbrook Homes and Castlepoint Realty has some great news for anyone worried they’d missed their shot at owning a suite in the soon-to-be iconic Daniel Libeskind-designed building: There will soon be a Final Release of boutique suites with way-up-there 10′ ceilings.
The circumstances leading to the Final Release are an interesting case whereby unforeseen – and potentially damaging – events were transformed into a major positive for those involved in the project – from the developers right on up to future homeowners, as well as the surrounding community.
In the project’s original plans, space was reserved for an arts laboratory that, ultimately, was not able to go ahead. The space – more or less the boot on the L-shape – happily turned out to be perfect for the high-ceilinged boutique suites that largely constitute this Final Release.
The L Tower, which rises above the Sony Centre for the Performing Arts, is, like many ambitious condominium developments, the fruit of a lot of complicated planning and some serious work ethic on behalf of those involved. David Miller, Toronto’s mayor at the time, was quoted by the National Post in 2009 calling it one of the most complicated projects the city had seen:
“You’re building a very significant new condominium building above a heritage building. That’s complicated, the financing is complicated and the neighbourhood consultation was complicated.”
By that point there had already been 27 public meetings.
Happily, the work seems to have been well worth it; the public, both condo-buying and otherwise has embraced the project, construction is racing along smoothly, and soon Toronto will have another marquee building.
The insides will be pretty special, too:
To learn more about the Final Release, or about the project in general, stop by the presentation gallery at The Esplanade, just east of Yonge Street. Or click here to visit the website.