Downtown Toronto Condo Profile: Neptune Condominiums
People buying into Neptune are coming into what will be a very established neighbourhood
By Sydnia Yu - Globe and Mail
The project: A 38-storey tower with 474 condos on the former Molson Brewery site at Fort York Boulevard, west of Bathurst Street and east of the Princes’ Gates. This is the fourth tower in the WaterParkCity project.
Builders/developers: Lanterra Developments and Lifetime Homes
Architect: Page + Steele
Size: From one-bedroom condos starting at 465 square feet, up to 1,500-square-foot penthouses with two bedrooms and a den. Based on demand in the first three buildings (38, 28 and 12 storeys, respectively), many of the Neptune condos have either one bedroom and a den or two bedrooms.
Price: $159,900 to more than $750,000.
Location: The site is close the Waterfront Trail, Ontario Place, CNE grounds and the ferry to Toronto Islands. Trendy shops and restaurants are located along King Street West and Queen’s Quay West. Streetcars heading in every direction put the rest of the city within easy reach.
With all the condo development in the area, a new 24-hour Dominion has opened in the Liberty Village community to the west.
“People buying into Neptune are coming into what will be a very established neighbourhood,” says Mark Mandelbaum, chairman of Lanterra.
Description: With the first three towers completed at WaterParkCity, previews of the newest addition to the condo community will be held this month.
The front of Neptune is anchored by Coronation Park and Gore Park, Mr. Mandelbaum explains. “It’s going to have unrestricted views to the lake, and have a park on [one] side” that will be finished around the time the first buyers take occupancy in spring of 2010. Standard features: Granite countertops, ceramic-tile backsplashes and stainless-steel appliances in the kitchen. Engineered hardwood in the principal rooms; 40-ounce broadloom in the bedrooms.
Condo Fees: About 40 cents a square foot, plus hydro.
Amenities: A two-storey lobby designed by munge/leung design associates staffed by a concierge around the clock, a party room with kitchen, and an eighth-floor rooftop garden with a hot tub and barbecue facilities.
The Odyssey recreation centre on the third floor — to be shared with a future building — will have an indoor pool, as well as a whirlpool, saunas and a gym with an aerobics area.
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