Freed Hotel & Residences

Platinium Access

  • Price $500,000+
  • Occupancy Date 2030
  • Property Status Pre Construction
  • Developer Freed Developments

Freed Hotel & Residences Condo Project Overview

Freed Hotel & Residences represents a forward-thinking condominium development by Freed Developments, set to shape the skyline of Toronto’s Entertainment District. Positioned at the northeast corner of Adelaide Street West and Duncan Street at 240 Adelaide St W, this pre-construction project promises a striking addition to the area.

This dazzling high-rise will ascend 63 stories, offering 414 contemporary residential units varying in size from 270 sqft to a sprawling 9,000 sqft. The lower floors will accommodate a prestigious 5-star hotel, enhancing the luxurious appeal of the building.

Amenities and Features

The architecture of Freed Hotel & Residences will include a number of standout features. Its rooftop will feature a distinctive upward angle, making it a notable part of the downtown panorama. The building’s podium will feature terraced levels, stepping back to create an expansive green terrace at the corner, where lush shrubbery and trees will enhance the urban landscape.

The structure itself will boast 63 floors encompassing 414 spacious residences. A grand lobby will host art installations by renowned artist Takashi Murakami and offer 24-hour concierge services. The hotel component will occupy floors 2 through 13, with the second floor serving as the new flagship location for Katsuya Restaurant in Toronto.

Residential units will span floors 14 to 61, ranging from studios to three-bedroom layouts. The top levels, 62 and 63, will feature a penthouse restaurant accessible via a grand staircase, offering stunning views of Toronto and the CN Tower.

The fifth floor of the building will include fitness centers, changing rooms, a boutique spa, and a resident lounge with an outdoor terrace. The sixth floor will offer an outdoor pool, a poolside lounge and bar, a screening/media room, a co-working lounge, and versatile entertainment rooms.

The development will also include environmentally conscious elements such as 57 car parking spaces and 651 bicycle parking spots across six levels of underground parking, alongside valet parking services. This blend of luxury hotel and residential space makes it a compelling investment in one of Toronto’s Urban Growth Centres.

Location & Community

Situated in the heart of downtown Toronto’s Entertainment District, Freed Hotel & Residences will replace the iconic Crocodile Rock, a former hotspot for nightlife. The area, known for attracting young professionals, is transitioning, with plans for significant residential and commercial development including the new Ontario College of Art and Design (OCAD) campus nearby.

This location boasts a perfect walk and transit score of 100/100. It’s a short walk to King Street Streetcar, St. Andrews Station, and just ten minutes to Union Station, connecting residents to the GO Train, subway, and Union Pearson Express train. Major thoroughfares like the Gardiner Expressway are also easily accessible.

Located in the Waterfront Communities-The Island neighborhood, this new development is surrounded by parks such as St. Patrick’s Square, Grange Park Toronto, and Simcoe Park, adding to its appeal.

Freed Hotel & Residences offers an exceptional opportunity for investors and first-time buyers alike, promising a blend of modern living, convenience, and upscale community development. Its distinctive design and multiple uses will enhance both the neighborhood and the public sphere.

  • 240 Adelaide Street West, Toronto
  • Country Canada
  • State Ontario
  • Area Toronto

About the Developer

Freed Developments, a renowned real estate builder and developer in Toronto, has garnered numerous accolades for their work. With ambitious plans for the future, this team is set to do much more than typical development. Their goal is to keep transforming the landscape and redefine the Greater Toronto Area through their innovative condominium projects.

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Jen Dsouza

Royal LePage Signature Realty
201-30 Eglinton Ave. West
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