TORONTO, Feb. 19, 2015 /PRNewswire/ - CD Capital Developments and Freed Developments announced today an exclusive partnership with style icon Karl Lagerfeld to design the residential lobby spaces in the Art Shoppe Lofts + Condos, a new mixed use development at Yonge and Eglinton in Toronto, Canada. The first condominium project in North America to involve the creative direction of prolific designer Karl Lagerfeld, the Art Shoppe Lofts + Condos will include 'Lobbies by Karl Lagerfeld'; two residential spaces that will reflect the designer's exceptional style and eye for detail, with features, finishes and furnishings selected by one of the world's most influential and iconic designers.

(Photo: http://photos.prnewswire.com/prnh/20150219/176497)

This exciting collaboration on the Art Shoppe Lofts + Condos marks Karl Lagerfeld's first ever major project in the Canadian market. Working with the developers of the Art Shoppe Lofts + Condos, as well the project teams at architectsAlliance and Cecconi Simone, Karl Lagerfeld will be designing two lobby spaces, with plans to attend a media event and invitation-only launch celebration in Toronto, in early, April to kick off the project.

"We are especially honored to collaborate with Karl Lagerfeld – one of the world's most celebrated and prolific designers – to execute the 'Lobbies by Karl Lagerfeld'," says Jordan Dermer, Managing Partner of CD Capital Developments. "My partner Todd Cowan and I approached the Art Shoppe Lofts + Condos with the goal to develop an iconic architectural landmark destination in the heart of Toronto.  With the involvement of Karl Lagerfeld we are doing just that. A true pioneer of design, his mastery of fashion, photography and interior design are unparalleled. Combining property with possibility; it is this talent that will give the building a timeless identity and bring the 'Lobbies by Karl Lagerfeld' to life."

"What I really like is what I've never done before," says Karl Lagerfeld.  "I am always looking for opportunities to expand my range of creative expression, and am excited by the opportunity to design this in Toronto, Canada as part of the Art Shoppe Lofts + Condos. I'm excited to be part of the CD Capital & Freed approach to the Art of Change."

"We have always sought to find ways to partner in our developments with some of the great design minds of our generation, and share their style," says Peter Freed of Freed Developments. 'We look forward to sharing Karl Lagerfeld's distinctively ultramodern, highly structured style for the Art Shoppe Lofts + Condos and believe that his premier Canadian condominium design will create spaces that will be valued by our residents, treasured by our City, and appreciated by the world."

The Art Shoppe Lofts + Condos will be located at 2131 Yonge Street, in Toronto, Canada.  It will feature a 28-storey tower on the north side of the property stepping down to a 12 storey mid-rise building of lofts to the south. Suite options in the development will range from studios to one and two bedrooms.

For more information about the Art Shoppe Lofts + Condos, visit www.artshoppecondos.com

SOURCE Freed Developments and CD Capital Developments