330 Adelaide
Urban
Located in the King-Spadina neighbourhood and within a few short blocks of the financial district and the Queen Street West strip, 328-338 Adelaide Street West is very well situated in the centre of this diverse and vibrant area. In addition to the restaurants, clubs and upscale retailers, the redeveloping King-Spadina district features many new condominiums and a broad mix of creative offices uses, with a concentration of media, IT, advertising and communications firms. The area is continuing to develop rapidly with new hotel and condominium construction. One block south of 328-338 Adelaide West sits the new headquarters of the Toronto International Film Festival (TIFF) which has contributed significantly to the dynamic growth of the area.
Innovative
Near the corner of Adelaide Street West and Peter Street, the existing 25,000 square foot property is a two-storey Art Deco warehouse-style building. Current tenants include a ground floor bar and restaurant, and an innovative office use on the second floor.
The Roosevelt Room occupies approximately half of the main floor. This nightclub and restaurant is another project of the Uniq Lifestyle Group, one of Toronto's most successful operators of nightclubs and restaurants, whose establishments include the Brant House, Brassaii, West Lounge, Atelier, Cheval and Maro.
On the second floor, the Launch Pad is an incubator office-hub geared towards small organizations that merge financial conscience with social responsibility. Offices are available at reasonable rates and flexible leasing terms. Start-up businesses benefit both from an exchange of ideas and from common facilities including a wi-fi network, board room, kitchen and copier.
Existing tenants ensure that the property remains active, generates income and provides complementary uses to the neighbourhood while the design and approvals process is underway for the redevelopment of the site.
Green
The redevelopment will be a mixed-use tower of approximately 35 - 40 stories, consisting of retail, office and residential uses. At-grade retail will reinforce the street front; office uses will complement the neighbourhood's converted "brick and beam" warehouses; and a slim residential tower will rise above a mid-level landscaped roof garden to provide light-filled open units with stunning city views. Construction is slated to begin in 2014; the new project will include many innovative "green" design features, targeting a LEED Gold rating.
Design
Conceptual design work on the new tower is just getting underway. Floor plans will be posted as the design takes shape. Modern open space with high ceilings, generous natural daylight and high quality finishes will distinguish the building. The project will strive for a LEED Gold level of environmental design. The strong green design ethic integrated into the form, envelope, finishes and systems of the new building will provide a high level of comfort, health and energy savings in both the residential and commercial components.