![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2020\/12\/240-adelaide-skyline-view.jpeg\")
<\/a>Rendering:\u00a0Adrian Smith + Gordon Gill Architecture<\/span><\/a><\/em><\/p>\nKnown for its $3 well drinks on Tuesdays, swamp-themed decor and middle-aged clientele, Toronto\u2019s famed Crocodile Rock is poised for redevelopment.\u00a0<\/span><\/p>\n The Entertainment District nightclub announced its closure in May after almost 30 years in business. <\/span>Freed Developments<\/span><\/a> purchased the property to the tune of $67 million in November and today revealed its plans for a 68-storey, mixed-use development at <\/span>240 Adelaide Street West<\/span><\/a>.<\/span><\/p>\n The site includes four adjacent commercial buildings, occupied by restaurants Yuzu No Hana, Copacabana and Burrito Boyz \u2014 the latter of which is a converted cottage with heritage value dating back to 1872. If the project is approved, all structures would be razed to make way for the 219-metre (718.5-foot) high-rise, comprising 637 residential units, approximately 2,225 square metres of office space, and 112 square metres of ground-floor retail.<\/p>\n The tower was designed by <\/span>Adrian Smith + Gordon Gill Architecture<\/span><\/a>, a Chicago-based firm known for its supertall structures. The team envisions a stepped-back podium that relates to the surrounding buildings and creates a series of large terraces. A V-shaped cutaway at the tower\u2019s base is mirrored at its peak, lending a distinctive silhouette to the Toronto skyline.<\/span><\/p>\n The ground floor would include retailers and a lobby, while office space would occupy the tower\u2019s second and third floors. The remaining floors would be dedicated to residential use, housing 74 studios, 403 one-bedroom units, 96 two-bedroom units and 64 three-bedroom units. A total of 57 vehicle and 651 bicycle parking spaces would also be provided across six subterranean levels.<\/p>\n Indoor and outdoor amenities would be found on floors 7, 12 and 67, topped by an indoor infinity-edge pool with sweeping city and lake views. In all, the proposed high-rise would encompass nearly 43,253 square metres of gross floor space.<\/p>\n<\/a>Rendering:\u00a0Adrian Smith + Gordon Gill Architecture<\/span><\/a><\/em><\/p>\n<\/a>Rendering:\u00a0Adrian Smith + Gordon Gill Architecture<\/span><\/a><\/em><\/p>\n<\/a>Rendering:\u00a0Adrian Smith + Gordon Gill Architecture<\/span><\/a><\/em><\/p>\n