The long-rumoured, long-delayed Festival Tower is finally up to its 39th floor, close to its final height and slightly higher than its original planned 37 storeys, and is set for a fall
occupancy.
The tower is part of the Reitman Square
project, named for a $22-million donation from the family of Canadian movie producer and director Ivan Reitman, that also includes the Toronto International Film Festival's future
headquarters, Bell Lightbox at the corner of King and John streets.
The project takes up an entire city block.
Bell Lightbox has been at the centre of TIFF's $196-million fundraising
campaign, of which 82 per cent had been raised by the end of 2009.
The condos, of which there are "five or six
left," according to Heather Lloyd of development partner Daniels Corporation,
have been selling for between $400,000 and over $2 million.
Restaurateurs Oliver & Bonacini have
announced they will be occupying part of the ground-floor retail space.
The complex was designed by Bruce Kuwabara
of KPMB Architects, in association with Kirkor Architects and Planners.
Writer: Bert Archer
Source: Daniels Corporation