A new condo community is being planned for some of the land at the massive Cineplex Cinemas Queensway site near Islington Ave.
Verge Condos plans to build two towers, one 17 storeys another 10 storeys, with a total of 545 units, at 1001 The Queensway, on the northern section of the Cineplex property. The estimated completion date is set for Spring 2025.
A Scotia bank, bar and Montana restaurant, will be closed if not shut already, to make room for Verge Condos, as the development by RioCan Living is called.
Verge Condos will have over 12,000 square feet of indoor amenities and over 12,500 square feet of outdoor amenities including a fitness facility, content studio, outdoor terrace with games area, kid’s play area, outdoor dining and lounge seating, according to the company.
The units will start selling at more than $500,000 each and one free parking is included, according to a Verge website.
Verge in its advertisement states Etobicoke “is ranked one of the safest and most desirable neighbourhood in Toronto.”
“Verge is a vibrant neighbourhood full of local restaurants, cafés, parks, and entertainment options,” according to the site. “On the verge of excitement and relaxation, connections and conveniences, you can live well here, any way you choose.“
“With a systematic, modular design, clean lines, and modern sensibility, both buildings converge into a beautiful public realm with an art directed landscape that opens into a welcoming pedestrian square,” according to Raza Mehdi, of Turner Fleischer Architects.
Verge said there’s “transit at your door and an expansive range of indoor and outdoor lifestyle amenities, including a party room, cocktail lounge, co-working space with soundproof workstations, content studio, fitness and yoga.”
The complex will also feature outdoor grilling areas, life-sized chess and shuffle boards and an outdoor lounge fitted with a fire pit. Also included will be a putting green and landscaping on the 11th floor, while the ground floor will feature a collection of lounge seating, and indoor co-working spaces including meeting rooms, personal booths, and communal tables.
The kitchens boast a six-piece appliance package including a stainless steel refrigerator, an integrated electric cooktop and wall oven, an integrated dishwasher, a microwave with trim kit, and a ventilated hood fan.
Verge is promoting the public transit options, top-of-the-line Sherway Gardens shopping experience, easy access to highways, surrounded by shopping, dining and entertainment.