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NEIGHBOURHOOD WATCH: Toronto Entertainment District a condo community?

Toronto Entertainment District a booming condo community in the making

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Toronto Entertainment District a booming condo community in the making

If you haven’t been to Toronto’s Entertainment District lately, you’re in for quite the surprise.

In fact, you might not even recognize this booming neighbourhood.

Long a Toronto hot spot filled with some of the city’s best theatres and restaurants, the Entertainment District is in full-on transition mode – into also becoming one of the most prestigious condo destinations.

A place to live

The Entertainment District, a condo community?

Yes, that same area punctuated by such landmarks as Roy Thompson Hall, the Princess of Wales Theatre, and Canada’s Walk of Fame, known as a place to play and eat, is now becoming known as a place to live.

“Look around at all the buildings being built and how the neighbourhood is changing and will continue to change,” Alan Vihant, senior vice-president, highrise at Great Gulf recently told Condo Life at the ground-breaking for the company’s 357 King West project. Great Gulf’s 357 King West is a 42-storey condo at the corner of King St. W. and Blue Jays Way.

This development and population growth is now leading to other expansion. “It’s not just a place to live now,” Vihant says. “A lot of offices are moving here, the bars and restaurants continue to evolve. It’s a great time to be building down here.”

Essentially born in the 1990s as an entertainment and tourist hub, with a burgeoning nightclub scene elbowing its away among the existing theatres and restaurants, the early 2000s brought the first wave of a condo boom.

More recently, SoHo Metropolitan Hotel & Residences, Festival Tower, and Bisha Hotel and Residences are among some of the notable condo projects that are up and running.

Abuzz with excitement

One key cultural attraction is TIFF Bell Lightbox, which opened in 2010 on the northwest corner of King Street and John Street. The first five floors of this 42-storey tower serve as headquarters for the Toronto International Film Festival, while the Festival Tower residences sit atop. With TIFF Bell Lightbox serving as host to countless international stars and pre-screenings during the annual festival, the area is often abuzz with excitement.

Add to this more recent landmark developments such as Bisha Hotel and Residences, and Nobu Residences, and you have an expanding array of exciting residential opportunities.

Then there’s Wayne Gretzky’s Restaurant at 99 Blue Jays Way, and more recently even a Wahlburgers (of the Wahlburgers restaurant chain and famed brothers Donny and Mark Wahlburg). All of it a stone’s throw from the Rogers Centre, Ripley’s Aquarium, the CN Tower, Metro Toronto Convention Centre and Scotiabank Arena.

The team at Great Gulf breaking ground at 357 King West.
The team at Great Gulf breaking ground at 357 King West.

Transition to excellence

And more is on the way.

Great Gulf and Ed Mirvish Enterprises, for example, recently announced they have reached an agreement on the sale to Great Gulf of the site of the proposed landmark Mirvish+Gehry project in the Entertainment District.

All of it adds up to an area in transition indeed – to excitement and excellence.

 

Location, location, location

Bordered by Spadina Avenue, King Street West, University Avenue and Front Street

Key landmarks

  • Roy Thompson Hall
  • TIFF Bell Lightbox
  • Wayne Gretzky’s Restaurant
  • Wahlburgers
  • Rogers Centre

Select existing condos

  • SoHo Metropolitan Hotel & Residences, by Mastercraft Starwood
  • Festival Tower, by Daniels
  • Bisha Hotel and Residences, by Lifetime Developments

Select upcoming condos


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