The Capitol Residences

A historic Toronto movie theatre, once home to vaudeville shows and silent films, will become part of a condo development on Yonge Street.

The Capitol Theatre at 2492 Yonge St., at the corner of Yonge and Castlefield, is slated to become part of a 145-unit condo building called The Capitol from Madison Group and Westdale Properties.

The proposal for the property, which includes 11 separate addresses from 2490 to 2510 Yonge St., was updated last year with a conservation plan for the historic building. Madison Group has just released artist’s concept renderings for the exterior of the building.
The Capitol Theatre building has architectural features from the early-20th century Classical Revival style, according to a conservation plan submitted to the City of Toronto.

It was built in 1918 and underwent a notable transformation in the 1920s from a silent movie and vaudeville theatre to a venue for movies with sound.

Toronto architect Murray Brown worked the transformation. Brown is known for high-profile Toronto buildings, and he designed Famous Players theatres across Canada.
The Capitol shut its doors as a movie theatre in 1998 but was restored to its former glory and reopened as an event venue.

Plans are to retain the original marquee façade of the theatre along with the vestibule, heritage attributes of the building and the 1946-renovated canopy structure. There is a plan to rebuild the vertical marquee.
The new tower will include 145, one, two and three-bedroom residences, a mix of condo units and townhomes in a 14-storey residential building. There are to be private terraces and oversized balconies.

The project will include retail units on Yonge Street.

Amenities announced include a golf simulator and lounge area, gym and private workout area, a social club, kids play area and a pet spa.

THE CAPITOL RESIDENCES: INFORMATION

LOCATION: 2500 Yonge Street, Toronto
MAJOR INTERSECTION: Yonge Street and Eglinton Avenue
NUMBER OF STOREYS: 14
TOTAL NUMBER OF SUITES: 145 residential units
COMPLETION DATE: 2025
DEVELOPER: Madison Group and Westdale Properties
ARCHITECT: Turner Fleischer Architects and Hariri Pontarini Architects

*All details are preliminary and subject to change

THE CAPITOL RESIDENCES: IMAGES

THE CAPITOL RESIDENCES: DEVELOPERS

MADISON GROUP

Madison Group has evolved from a successful family business into a multi-faceted company that owns, develops, and manages landmark residential and commercial properties. Madison’s extensive portfolio includes mixed-use high-rise projects, low-rise master planned communities, office, retail, prestige industrial, rental, and retirement properties throughout Toronto and New York.

Madison is dedicated to creating vibrant, integrated communities rooted in highly desirable locations that elevate the lifestyle of their residents. Developments are brought to life with innovative architecture, thoughtful design, and strategic partnerships, resulting in dynamic destinations.

Madison continues to set the standard for value, design, and customer service across the Greater Toronto Area.

Madison’s expertise and passion are built on a foundation of more than 55 years and three generations of hard work and commitment to exceptional environments.

WESTDALE PROPERTIES

For over 60 years, Toronto-based Westdale Properties has owned, managed and developed real estate across North America. As a family company with a unique vision for multi-residential real estate and an understanding of mixed-use development, we are committed to fostering positive experiences for the thousands of people who live in, work and shop at our properties. Our Canadian portfolio alone includes close to 7000 residential units and over 2.5M square feet on retail, commercial and industrial spaces. Across the US, we own and manage close to 35,000 residential units in 150 properties and 30 cities, as well as 3.0M square feet of retail and commercial space. Our food & hospitality portfolio includes some of Toronto’s most loved restaurants including The Chase, Kasa Moto, Planta and Palm Lane.