Toronto’s 101-year-old Capitol Theatre will be getting a new life as the base of an upcoming midtown Toronto condo development.
The historic theatre, located at 2492 Yonge Street at the Castlefield Avenue intersection, will be transformed into a 14-storey mixed-use condo building housing a total of 145 residential units.
Development plans call for eight different retail spaces on the ground floor of the building. The rest of the floors will be occupied by the building’s amenities and residential units, which will range from one-bedrooms to three-bedrooms plus den.
Part of the development site was built back in 1914, but it wasn’t until a few years later, in 1920, that the Capitol Theatre was built.
The Toronto theatre initially showed silent films and then moved onto ones with sounds. It was operational until 1998, according to City of Toronto documents, when it closed for interior renovations. Since then, the theatre has been used as an events space.
The new condo building’s developers plan to not only conserve the building’s architecture and Art Deco feature, but will also be keeping the theatre’s iconic metal marquee.
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Residents of the building will get to enjoy several amenities, according to the development plans, both indoors and outdoors, including a lounge, gym, social club, pet spa, golf simulator, and kids play area. Several of the units will also have large private terraces.
With new condo buildings being an inevitability in Toronto, developments like this that preserve the site’s history seem to be the way of the future.