Warren Shear, president of Cityview Homes Inc., says his company's latest project, The Modern on Richmond, is a chance to buy in an up-and-coming neighbourhood.
"Richmond is undergoing a lot of rejuvenation. There are great restaurants, a lot of young artists and professionals, and on nearby Queen St., are a number of new high-end stores. As the area improves, condo values rise."
In keeping with its name, the 17-storey building will be contemporary with large expanses of glass accented by polished aluminum and textural brick. Suites will feature balconies, French balconies or terraces, with retail shops on the ground floor.
"The Modern is for the first-time buyer and though it's contemporary, it's also classic," says Shear.
For warmer months, there will be the M Lounge with a rooftop garden, two plunge pools, lounge chairs, picnic tables, a barbecue and an outdoor shower.
Inside, Mike Niven Interior Design Inc. will create a two-storey lobby and lounge opening onto a landscaped courtyard garden.
The 343 suites offer European-style kitchens, stone counters and a stainless steel appliance package.
Sizes range from 380 square feet to 920 square feet, with suites starting at $157,990. Maintenance fees are 49 cents a square foot. Suites include studio to two-bedroom designs and Shear says 48 per cent of the building will be one-bedroom and den units, which will have either a powder room or full second-floor bathroom. Many two-bedroom suites are corner units, so there's a lot of glazing.
In addition to the outdoor amenities, there is the indoor Mod Club where residents will be able to sit by the fireplace, dance or take in a movie in the theatre room.
The Modern on Richmond will officially open for sales today and Shear hopes to start construction next summer. Occupancy would be in mid-2010.
The location is at 320 Richmond St. E., at Sherbourne St.
