Living on the edge in more ways than one
By Sydnia Yu – The Globe and Mail
The latest loft project by Streetcar Developments Inc. promises to be a hot spot for people who want to live on the edge — in terms of style and location, that is.
Following the same design principals, Streetcar Developments will build Edge Lofts on the former site of an old garage at 625 Queen Street East. The former industrial area is increasingly attracting trendy restaurants, shops and boutique furniture stores.
“It seemed like a great opportunity to do something a little bit different… and build a landmark site that’s a gateway to Riverside itself,” Jason Garland, vice-president of business development.
“There isn’t really a modern, contemporary living space [there] and this is going to be a huge addition to that area,” he adds.
As its moniker would indicate, Edge Lofts is close to certain neighbourhoods and landmarks. It sits on the edge of the Don River and Don Valley Parkway, and on the perimeter of Corktown and Riverside, in an ideal locale just a five-minute drive from the downtown core.
Edge Lofts will be a six-storey glass and brick structure with 66 loft-style suites in Riverdale. The building will offer unobstructed views of the city and waterfront. It will be adjacent to the West Don Lands waterfront development, a 32-hectare site being developed with mixed-income housing, a new transit line and an eight-hectare park.
As for the interior, Edge Lofts will offer one-bedroom suites, some with dens, and two-bedroom designs. Suites will range up to 1,800-square feet in size, but some buyers have asked to combine units, Mr. Garland says. The building will likely appeal to urban professionals and first-time buyers.
Each unit will feature a terrace or balcony and have loft-inspired features such as 10-foot ceilings, polished concrete floors and floor-to-ceiling windows.
Indoor parking will cost $20,000.
Though the building may eventually have a rooftop meeting place, there will be minimal common amenities to keep monthly maintenance fees low. To date, it is 33 cents a square foot.
Occupancy is scheduled for September, 2007.
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