Imperial Plaza: A Rare Find in Toronto
By on Dec 22, 2010
“I’m glad she — I call her a she — is going to be condos. It’s nice to keep her here,” Mathieson says fondly. “It’s historical.”
“I live in the neighbourhood and have always been impressed with the Imperial Oil building — the architecture, the limestone — and the grandeur of the interiors is something from the past,” says Camrost-Felcorp CEO David Feldman, the developer. “It sits on top of this escarpment which overlooks downtown Toronto and the views are spectacular north and south.
Imperial Oil vacated the premise in 2004, relocating to Calgary, and Camrost-Felcorp stepped in to re-imagine it.
How does Imperial Plaza compare? “We’ve done some very recognized projects, such as The Avenue across the road, which is a flagship project as far as high-end, but this is very special,” says Feldman.
Imperial Plaza will be a much-needed asset to the St. Clair strip from Avenue Rd. to Yonge St., which has nothing but office and residential buildings until you get close to Yonge. It will not be strictly residential. Two ground-floor restaurants and proposed gourmet supermarket, along with an outdoor patio, will open it up to the community.
The Imperial Plaza condos range from 530 to 3000 square feet at a cost of $300,000 for a one-bedroom to more than $3 million for one of six three-level “Sky Towns” built atop the existing 20-storey structure. “This price point, you won’t see for a long time,” says Feldman. The condo should be “substantially” completed in early 2013.
While the master architectural plan is being prepared by Hariri Pontarini, the heritage elements, including the murals, a mosaic, a clock, a bank vault and post office box, are being carefully preserved by architect Rod Rowbotham of OneSpace Unlimited. The Designers Guys have been hired to handle the interior design.
There is also 25,000 sq. ft. of amenities space, over two levels, covering a wide range of activities, such as a golf simulator, squash and basketball courts, party room, indoor swimming pool, hot tub, theatre room, gaming room, and music practice space.
Most of residential floors are comprised of 18 suites each, one and two bedrooms, with 10 to 15 foot ceilings. On the 9th floor, there will be two-storey lofts and above that the SkyTowns with terrace and gorgeous view. “On a clear day, you can see the other side of the lake,” says Feldman. Some units will have recessed balconies.
The murals — titled the “Story of Oil” with its progressive depiction of dinosaurs, fish, mountains — even an Avro airplane — can now be appreciated by a range of people who never would’ve had occasion to step into the Imperial Oil headquarters before.
“I think it’s very contemporary the way it was done and it’s in the eye of the beholder what they see,” says Feldman. “One of the Group of Seven — in the
“So if somebody buys a condo, they’re also buying a work of art, a masterpiece.”
For more information on Imperial Plaza, click here.
For more Information on Camrost-Felcorp, click here.