De­vel­oper plans unique lux­ury condo project

NEW CON­DO­MINIUM FOR THOSE WHO THOUGHT THEY COULD ONLY LIVE IN A MAN­SION LISA VAN DE VEN

National Post (Latest Edition) - - POST HOMES -

Lan­terra De­vel­op­ments plans to re­de­fine Toronto lux­ury with the re­lease of a once-in-a-life­time con­do­minium project.

The de­vel­oper, a 20-year vet­eran in the city’s condo mar­ket, has in­tro­duced what it hopes will be­come the ul­ti­mate in Yorkville ad­dresses: 50 Scol­lard. De­signed by the Lon­don-based ar­chi­tec­ture firm Fos­ter + Part­ners, the project was styled for the most dis­cern­ing home­buy­ers, with over­sized suites, top-tier fin­ishes and a list of ameni­ties and ser­vices be­fit­ting the best bou­tique ho­tels.

"It’s ab­so­lutely unique. It’s right next to the Four Sea­sons (Ho­tel), it’s at the cor­ner of Bay and Scol­lard, and it’s dead cen­tre in Yorkville, a glo­ri­ous piece of land,” says Mark Man­del­baum, chair­man of Lan­terra, the de­vel­oper be­hind such sites as The Res­i­dences of Maple Leaf Square, One Bed­ford at Bloor, and Ice Con­do­mini­ums at York Cen­tre.

And while the land — sur­rounded by Yorkville’s up­scale col­lec­tion of bou­tique shops, art gal­leries and restau­rants — may be “glo­ri­ous,” Lan­terra’s plans for the pre-con­struc­tion site are also am­bi­tious. In a condo mar­ket re­cently driven mainly by smaller units (think 300to 400-square feet) tar­geted at in­vestors, 50 Scol­lard is a 41-storey build­ing with just 64 units in to­tal. There are no small suites in sight. Rather, the ex­pan­sive units range from 2,500- to 5,000-squarefeet, with prices start­ing in the high $3-mil­lion range.

In fact, Man­del­baum prom­ises a level of in­dul­gence that hasn’t been seen be­fore in Toronto. But the de­vel­oper is cer­tain the city is ready.

“We did a lot of re­search on this unique niche in the mar­ket,” he says. “We found out through our re­search that what we don’t want is a mixand-match build­ing where we have some smaller units and some big units. We wanted to cre­ate a ho­mo­ge­neous unit mix in terms of fin­ishes and the type of peo­ple who would be liv­ing in this build­ing.”

The ul­tra-lux­u­ri­ous suites are be­ing fash­ioned for the most so­phis­ti­cated pur­chasers, Man­del­baum adds, many of them mov­ing down from homes in Toronto’s prici­est low-rise neigh­bour­hoods, in­clud­ing For­est Hill, Rosedale and the Bri­dle Path. De­signed by Toron­to­based in­te­rior de­sign firm Stu­dio Munge, they’ll be cus­tom­iz­a­ble to buy­ers’ needs, and in­clude 10-foot ceil­ings, Dada kitchens, Gagge­nau ap­pli­ances and spa­cious mas­ter en­suites.

“The ex­tremely lim­ited num­ber of units per floor al­lowed us to cre­ate very spe­cial res­i­dences — com­fort­able, spa­cious, smart, well-ap­pointed, and ex­cit­ing with an un­par­al­leled con­nec­tion to the city,” says in­te­rior de­signer and Stu­dio Munge prin­ci­pal Alessan­dro Munge, who’s pre­vi­ous condo work in­cludes Lan­terra sites like Rodeo Drive Con­do­mini­ums and Maple Leaf Square, as well as Bisha Ho­tel & Res­i­dences by Life­time De­vel­op­ments and INK En­ter­tain­ment.

“The chef-in­spired kitchens fea­ture ex­pan­sive dou­ble is­lands, while our mas­ter bath­rooms en­gage cou­ples with an in­no­va­tive fac­ing dou­ble sink split by a translu­cent sheet of glass and float­ing mir­rors,” he says.

Munge also de­signed the build­ing’s com­mon spa­ces, look­ing to cre­ate a “fo­cus on com­fort” through­out. The site will in­clude an in­doorout­door pool; a spa area with a steam room, dry sauna, lounge and treat­ment rooms; and a fit­ness cen­tre. Mean­while, a pri­vate din­ing room has been de­signed to seat up to 20, and a cu­rated wine col­lec­tion will be housed in an on-site wine lounge. In ad­di­tion, the site will of­fer res­i­dents chauf­feured house car ser­vice, car wash fa­cil­i­ties, a pet spa and valet park­ing. There will also be a yet-to-be­de­ter­mined high-end restau­rant on the build­ing’s third floor, adding “an­other world­class din­ing ex­pe­ri­ence to Toronto,” Man­del­baum says.

The build­ing, adds Munge, will give buy­ers who pre­vi­ously “couldn’t see them­selves re­sid­ing any­where else than a man­sion” a new op­tion in the Toronto land­scape. “With 50 Scol­lard, we sought to raise the bar even higher, to cre­ate a new bench­mark and set new stan­dards for our city,” he says.

Lan­terra it­self en­vi­sions its new­est project as the Toronto equiv­a­lent to land­mark res­i­den­tial build­ings like One Hyde Park in Lon­don or those along New York’s Park Av­enue or Av­enue des Champs-Élysées in Paris. To cre­ate that, the de­vel­oper is mov­ing four ex­ist­ing twoto three-storey row houses cur­rently on the site, built in 1890 and des­ig­nated as her­itage build­ings — repo­si­tion­ing them but leav­ing them in­tact and in­te­grat­ing them into the project. While the her­itage homes will be con­verted into re­tail, of­fice or restau­rant space, the shift will open up 5,500-squarefeet of out­door area that will in­clude a new public plaza.

“What makes this de­vel­op­ment truly spe­cial is the cre­ation of a public realm that will en­able the build­ing to play a piv­otal role in the lo­cal com­mu­nity,” says James Barnes, se­nior part­ner at Fos­ter + Part­ners. “(The new public plaza) can be used as a per­for­mance space, for staged events, screen­ings and pro­jec­tions, to host a farm­ers’ mar­ket or a fes­ti­val tent, or even ope­nair din­ing events.”

The land­scape ar­chi­tects of Boston-based Stoss Land­scape Ur­ban­ism will plant for­mally sculpted “pleached” trees to high­light the site at street level. “We’re do­ing a lot of study­ing in terms of spe­cific tree types that will work in the Toronto en­vi­ron­ment, and flour­ish,” Man­del­baum says. "They’re cul­ti­vated over sev­eral years so that they grow in a cer­tain man­ner and then they’re planted so they get sculpted and cre­ate that pleached look. It’s a lot of work but it’s go­ing to be ex­traor­di­nar­ily spe­cial when it’s fin­ished.”

With one-, two- and three­bed­room lay­outs, in­clud­ing some two-storey res­i­dences, 50 Scol­lard is ex­pected to start con­struc­tion next spring, and is slated for a Fall 2022 oc­cu­pancy. And the build­ing, Man­del­baum says, prom­ises to be­come the res­i­den­tial land­mark Lan­terra en­vi­sioned.

“This is the epit­ome of Lan­terra’s odyssey into the con­do­minium mar­ket,” he adds. “It’s one of these things that you do once in your life and then you just sit back and watch it.”

The sales of­fice is at 50 Scol­lard St. and open by ap­point­ment only. Call 416929-6206 or visit fiftyscol­lard.com.

De­signed by Toronto-based in­te­rior de­sign firm Stu­dio Munge, the con­dos at 50 Scol­lard will be cus­tom­iz­a­ble to buy­ers’ needs, and in­clude 10-foot ceil­ings, Dada kitchens, Gagge­nau ap­pli­ances and spa­cious mas­ter en­suites.

Toronto’s Lan­terra De­vel­op­ments has in­tro­duced what it hopes will be­come the ul­ti­mate in Yorkville ad­dresses: 50 Scol­lard, with condo units in the $3-mil­lion range.

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