Lofts399
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Lofts399 is a new condominium development by Cresford Development Corporation that is now complete located at 399 Adelaide Street West, Toronto in the King West neighbourhood with a 100/100 walk score and a 100/100 transit score. Development is scheduled to be completed in 2013. The project is 10 storeys tall and has a total of 170 suites.
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About King West
King West: Toronto’s Urban Oasis of Luxury and Convenience
Nestled in the heart of Toronto, King West is known as the city’s vibrant and trendy SoHo. With its perfect walk score of 100, this neighborhood is a hub of luxury living, fine dining, and dynamic nightlife, making it a top choice for young professionals, families, and anyone who desires an active and upscale urban lifestyle. Here’s an in-depth look at the allure of King West, its real estate market, popular amenities, and the lifestyle it offers.
Why People Love King West
- Dynamic Dining Scene: King West is a foodie’s paradise, boasting top-rated restaurants like Patria, The Keg Steakhouse + Bar, and Ascari. Whether you crave Spanish tapas, succulent steak, or authentic Italian cuisine, the neighborhood caters to every taste.
- Vibrant Nightlife: The area is known for its lively nightlife, offering a variety of lounges, patios, and nightclubs. Popular spots like Lavalle and EFS are perfect for those looking to dance the night away.
- Convenience and Walkability: With a perfect walk score, King West ensures everything you need is within walking distance. The neighborhood is well-served by public transit, making it easy to explore the city.
- Lush Green Spaces: Despite its urban setting, King West offers tranquil green spaces like Trinity Bellwoods Park, perfect for relaxation and outdoor activities.
- Cultural Hotspot: The neighborhood hosts the Toronto International Film Festival at the TIFF Lightbox Theatre, attracting celebrities and cinema enthusiasts alike.
Real Estate in King West: A Mix of Modernity and Heritage
- Diverse Housing Options: King West offers a wide range of housing options, from modern condominiums like 543 Richmond and Musée @ 525 Adelaide to charming townhouses and historic lofts.
- Historic and Modern Buildings: The area boasts a mix of converted industrial buildings and new developments, providing a unique blend of historical charm and modern sophistication.
- Prime Location: Situated close to downtown Toronto, King West is ideal for those seeking a vibrant urban lifestyle with easy access to the city’s major attractions and business districts.
Local Amenities and Lifestyle
- Cafes and Dessert Shops: The neighborhood is home to cozy cafes and dessert shops like Jimmy’s Coffee and Oretta Caffé, perfect for your daily caffeine fix or a sweet treat.
- Community Feel: Despite its urban setting, King West offers a strong sense of community, with beautiful tree-lined streets, dog-friendly parks, and accessible gyms and grocery stores.
- High-End Services: King West is not just about dining and nightlife; it also features top-notch services like Hammam Spa, John Steinberg & Associates salon, and SOMA Chocolatemaker, ensuring a luxurious lifestyle.
- Outdoor Recreation: The neighborhood is close to waterfront walking trails, beaches, and serene lake views, providing plenty of opportunities for outdoor recreation and relaxation.
Conclusion
King West stands out as a neighborhood that perfectly combines the hustle and bustle of city life with the comfort and luxury of upscale living. Its diverse dining scene, vibrant nightlife, convenient location, and range of housing options make it an ideal choice for anyone looking to immerse themselves in Toronto’s dynamic urban culture. Whether you’re a professional seeking a modern condo or someone who enjoys the finer things in life, King West promises an urban living experience like no other in Toronto.
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About Cresford Development Corporation
Cresford Development Corporation: Toronto’s Former Real Estate Titan
Overview of Cresford Development Corporation
Cresford Development Corporation, once a prominent player in Toronto’s real estate market, was known for its luxurious condominium projects and innovative designs. For over three decades, Cresford had been a significant force in the development of residential buildings in Toronto. However, the company faced significant financial troubles leading to its bankruptcy, which impacted many of its projects and stakeholders.
Company Highlights
- Established: Over 30 years ago
- Experience: Developed over 10,000 residential units in Toronto
- Key Developments: Known for high-profile condominium projects in prime locations
- Bankruptcy: Filed for bankruptcy in 2020, halting several ongoing projects and leaving many buyers in a difficult position
Notable Projects
Cresford Development Corporation was responsible for several notable condominium projects in Toronto, many of which were recognized for their luxury and prime locations:
- Casa Series (Casa, Casa II, Casa III): Located near Yonge and Bloor, the Casa series featured luxurious finishes and extensive amenities, making it a desirable residence for urban professionals.
- 1 Thousand Bay: This 32-storey building at Bay Street and Wellesley was designed with contemporary architecture and high-end amenities, offering an upscale urban living experience .
- The Bloor Street Neighbourhood: Situated at Yonge and Bloor, this project consisted of 349 units and was known for its prime location and upscale living conditions .
- MYC - Merton Yonge Condos: Located at Yonge and Merton, this 28-storey building featured stunning views, guest suites, and a variety of amenities designed for modern living
Bankruptcy and Its Impact
In 2020, Cresford Development Corporation filed for bankruptcy, which led to the cancellation of numerous projects and significant financial losses for buyers and investors. This event marked a significant downturn for the company, tarnishing its reputation and leaving many stakeholders in a difficult position. Key issues included:
- Project Cancellations: Several high-profile projects were halted, including those that were in advanced stages of development.
- Financial Losses: Buyers who had invested in Cresford’s projects faced significant financial setbacks, with many struggling to recover their investments.
- Legal Issues: The bankruptcy led to numerous legal disputes as buyers and investors sought to reclaim their funds
Positive Aspects of Cresford’s Legacy
Despite its unfortunate end, Cresford Development Corporation was recognized for several positive attributes during its operational years:
- Luxury and Innovation: Cresford was known for its luxurious finishes and innovative designs, setting new standards in the Toronto condominium market.
- Prime Locations: The company’s projects were often located in highly desirable areas, offering residents convenient access to Toronto’s best dining, shopping, and entertainment options.
- High-Quality Amenities: Cresford developments were characterized by extensive amenities, including fitness centers, rooftop terraces, and concierge services, enhancing the living experience for residents
Client Reviews and Reputation
While Cresford received praise for its luxurious and innovative developments, the company’s bankruptcy significantly impacted its reputation. Before the bankruptcy, clients appreciated the high-end finishes, prime locations, and extensive amenities that Cresford’s projects offered. However, the financial troubles and project cancellations led to a wave of negative reviews and dissatisfaction among buyers and investors.
Conclusion
Cresford Development Corporation played a significant role in Toronto’s real estate market for over three decades, known for its luxurious condominiums and innovative designs. However, the company’s bankruptcy in 2020 marked a dramatic downturn, impacting many stakeholders and tarnishing its legacy. While Cresford’s developments were praised for their luxury and prime locations, the financial troubles and project cancellations left a lasting negative impact on the company’s reputation.
Key Information
10 storey glass and steel building fronted by a beautifully landscaped courtyard with water garden. LOFTS399 will be located in a premium ‘King West’ location, just off of Brant street, one block west of Spadina. The ‘King West’ neighbourhood is one of the most sought after areas in the city, boasting great neighbourhood amenities including some of Toronto’s best shops, restaurants, lounges and much more!
The building will feature glass and steel architecture, and will include 24 hour concierge, fully equipped fitness room with his & hers change rooms, resistance pool, billiards lounge and a party room with double-sided fireplace. All suites boast 10’ ceilings for plenty of natural light!
- Lounge
- Exercise Room
- Concierge
- Billiards Room
- Pool
- Party Room
-Floor to ceiling glass windows
-Designer kitchens with stainless steel appliances including gas range*
-Engineered hardwood flooring in foyer, living, dining, kitchen and den areas*
-Lofts feature Balconies and/or Terraces as per Plan
-Granite countertops in the kitchen, Marble countertops in the bathroom*
-In-suite stacked washer and dryer
Additional Information
170 Suites
Floor Plans for Lofts399 are coming soon.
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