BUILDER/DEVELOPER: Reserve Properties
SIZE: 400 to 865 square feet
PRICE: Mid-$200,000s to low $600,000s
SALES CENTRE: 501 St. Clair Ave. W., at Bathurst Street. Open Monday to Thursday from noon to 6 p.m.; weekends from noon to 5 p.m.
CONTACT: Phone 416-546-7399 or visit risecondos.com
Reserve Properties' latest development in midtown Toronto will be packed with hotel-style facilities, such as a rooftop infinity pool, fire pits and private cabanas, saving residents the expense and effort of travelling downtown or abroad for excitement or recreation, say the developers.
“When you come home from a job, at the end of the day, you want to enjoy, relax and love where you live, and it ties into that mentality of being on vacation,” says vice-president, Shane Fenton.
“It's great to be able to own your own 650-square-foot condo, but to get access to 18,000 square feet of amenities is a whole other feature we felt not many – at least in this location – are providing.”
The seventh floor of the 25-storey tower, called Rise, will contain billiards, games and media lounges, as well as a dining room and bar, library, gym and yoga studio.
Some of those spaces will also have sliding doors to a terrace with cabana lounges, while a larger outdoor space facing south will feature an infinity pool, dining and lounge areas, cooking stations and fire pits.
“We wanted to create a number of spaces that people could either enjoy as a group – in terms of renting it out – or just interacting with neighbours,” says Mr. Fenton. “It gives the opportunity to turn the building into a stronger community, which a lot of our buyers appreciate.”
Young professionals and couples are especially drawn to the social aspect of living in the 300-unit high rise, which opened its on-site sales office in November at the southeast corner of Bathurst Street and St. Clair Avenue, just steps from Loblaws and the St. Clair West subway station.
“Out of what we've released to date, we've sold 80 per cent … so we really achieved what we thought would take us 12 to 14 months in eight to 10 weeks,” says Mr. Fenton.
“We've seen a lot of people buying from Richmond Hill or Thornhill who want to be closer to downtown, but don't want to be in downtown, so they see having the subway right there is a great convenience factor.”
The developer also expects upscale businesses to occupy about 10,000 square feet of retail space at the base of the building, which is surrounded by boutiques and bakeries, as well as parks, Nordheimer Ravine and Wychwood Barns, which hosts a farmers' market every Saturday.
“Over the last couple of years, St. Clair West has been starting to gentrify much more significantly with more new shops, restaurants and cafés, which has created more of an active pedestrian realm,” says Mr. Fenton.
This project will also add a distinct visual component to the existing streetscape with horizontal and vertical white lines Graziani + Corazza Architects Inc. designed with inspiration from Mondrian paintings.
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