J
jgreebnerg76
Guest
Sign up on site with rendering. States Spring 2007. Photos anyone...
JG
JG
Y
yyzer
Guest
looks like there could be even more hotels on the horizon...
Last updated: February 8, 2007 08:30am
Developer Picks Operator for Planned 5-Star Hotel
By Brian K. Miller
TORONTO-Developers Westbank Projects Corp. and Peterson Investment Group of Vancouver, BC have tapped Shangri-La Hotels and Resorts of Hong Kong to manage the 220-room luxury hotel that is set to anchor a 65-story luxury residential tower in Downtown Toronto. Set to open in 2011, the five-star hotel will be Shangri-La’s second hotel assignment in Canada. The same development team also tapped the hotelier to manage a similar mixed-use tower in Downtown Vancouver that is set to open in 2008.
The Toronto development will be located on the west side of University Avenue at the corner of Adelaide Street West. The hotel will occupy the first 17 floors of the tower. The next 31 levels will contain 279 one- and two-bedroom for-sale residential units. The top 17 floors will be built out as 73 “Private Estates.†The pricing has not yet been announced.
The estimated $362.86-million development is one of several luxury hotel and condominium developments vying for buyer interest in Downtown Toronto. The largest projects include the Ritz-Carlton, Four Seasons and Trump Tower. The Ritz and the Four Seasons are under construction. The Ritz, rising in the city’s entertainment district, will have approximately 267 hotel rooms and 153 condominium units. The Four Seasons will have 265 hotel rooms and 230 condo units in two towers in the Yorkville neighborhood. Trump Tower, which is in the marketing phase, would have 286 hotel rooms and 147 condominium residences.
What remains to be seen is whether the market can support all of the new hotel rooms. Industry sources tell GlobeSt.com these luxury properties likely wouldn’t be built without being paired with a condominium development because the sale of the condominiums helps offset the cost of developing the hotel. In turn, the amenities of a luxury hotel in the lower floors tends to raise the selling price of the condominiums above.
Brian Flood, a Toronto-based vice-president with CBRE Hotels, says he is tracking 10 new hotels developments in the Downtown market that have a combined 2,200 rooms scheduled for completion over the next three years. The existing Downtown inventory is approximately 15,000 rooms. Half of the new development total is in the five-star category, which Flood says is really a new market for Toronto.
“The thing about these new [five-star] hotels is something we really haven’t seen in Toronto until now; it really creates a whole new class of hotels in Toronto,†he says. “They will command a significantly higher average rate than existing hotels, which will give existing hotels room to drive rates.â€
While a significant expansion within the luxury segment, the impact of the new hotel rooms on an overall basis is less significant, Flood says. He does not expect the absorption period will be abnormally long and neither do some of his clients, who are looking to construct their own luxury product in the market.
“CBRE Hotels is working on behalf of groups that are actively looking in this very segment,†he says. “They obviously feel Toronto is a viable market for this type of product and that it’s not currently being overbuilt.â€
Hong Kong-based Shangri-La Hotels and Resorts currently manages 50 hotels under Shangri-La and Traders brands, almost all of them in Asia. The company is making a concerted effort to push into Europe and North America.
In October 2005, GlobeSt.com reported that its first US assignment would be a hotel being developed in the Waterview Tower at 111 W. Wacker Dr. in Chicago. The hotel is set to open in 2009.
In February 2005, GlobeSt.com reported that Shangri-La would open its first hotel in Europe in the country’s tallest building. The company leased 18 floors in the upper half of the 70-story London Bridge Tower, set to open in 2009 on the South Bank of the Thames River.
The project architects for Shangri-La Toronto are James K.M. Cheng Architects (design architect) and Young + Wright Architects (architect of record).
Last updated: February 8, 2007 08:30am
Developer Picks Operator for Planned 5-Star Hotel
By Brian K. Miller
TORONTO-Developers Westbank Projects Corp. and Peterson Investment Group of Vancouver, BC have tapped Shangri-La Hotels and Resorts of Hong Kong to manage the 220-room luxury hotel that is set to anchor a 65-story luxury residential tower in Downtown Toronto. Set to open in 2011, the five-star hotel will be Shangri-La’s second hotel assignment in Canada. The same development team also tapped the hotelier to manage a similar mixed-use tower in Downtown Vancouver that is set to open in 2008.
The Toronto development will be located on the west side of University Avenue at the corner of Adelaide Street West. The hotel will occupy the first 17 floors of the tower. The next 31 levels will contain 279 one- and two-bedroom for-sale residential units. The top 17 floors will be built out as 73 “Private Estates.†The pricing has not yet been announced.
The estimated $362.86-million development is one of several luxury hotel and condominium developments vying for buyer interest in Downtown Toronto. The largest projects include the Ritz-Carlton, Four Seasons and Trump Tower. The Ritz and the Four Seasons are under construction. The Ritz, rising in the city’s entertainment district, will have approximately 267 hotel rooms and 153 condominium units. The Four Seasons will have 265 hotel rooms and 230 condo units in two towers in the Yorkville neighborhood. Trump Tower, which is in the marketing phase, would have 286 hotel rooms and 147 condominium residences.
What remains to be seen is whether the market can support all of the new hotel rooms. Industry sources tell GlobeSt.com these luxury properties likely wouldn’t be built without being paired with a condominium development because the sale of the condominiums helps offset the cost of developing the hotel. In turn, the amenities of a luxury hotel in the lower floors tends to raise the selling price of the condominiums above.
Brian Flood, a Toronto-based vice-president with CBRE Hotels, says he is tracking 10 new hotels developments in the Downtown market that have a combined 2,200 rooms scheduled for completion over the next three years. The existing Downtown inventory is approximately 15,000 rooms. Half of the new development total is in the five-star category, which Flood says is really a new market for Toronto.
“The thing about these new [five-star] hotels is something we really haven’t seen in Toronto until now; it really creates a whole new class of hotels in Toronto,†he says. “They will command a significantly higher average rate than existing hotels, which will give existing hotels room to drive rates.â€
While a significant expansion within the luxury segment, the impact of the new hotel rooms on an overall basis is less significant, Flood says. He does not expect the absorption period will be abnormally long and neither do some of his clients, who are looking to construct their own luxury product in the market.
“CBRE Hotels is working on behalf of groups that are actively looking in this very segment,†he says. “They obviously feel Toronto is a viable market for this type of product and that it’s not currently being overbuilt.â€
Hong Kong-based Shangri-La Hotels and Resorts currently manages 50 hotels under Shangri-La and Traders brands, almost all of them in Asia. The company is making a concerted effort to push into Europe and North America.
In October 2005, GlobeSt.com reported that its first US assignment would be a hotel being developed in the Waterview Tower at 111 W. Wacker Dr. in Chicago. The hotel is set to open in 2009.
In February 2005, GlobeSt.com reported that Shangri-La would open its first hotel in Europe in the country’s tallest building. The company leased 18 floors in the upper half of the 70-story London Bridge Tower, set to open in 2009 on the South Bank of the Thames River.
The project architects for Shangri-La Toronto are James K.M. Cheng Architects (design architect) and Young + Wright Architects (architect of record).
D
DaninToronto2
Guest
Hmm.... Good detective skills for this reporter. See sales centre under construction, assume building is going up.
S
spmarshall
Guest
King of high-price condos coming to town
But competition's tougher than it is back home
Feb 10, 2007 04:30 AM
Tony Wong
business reporter
Ian Gillespie doesn't build affordable housing.
He makes a living building palaces in the sky, many having water views, with what some might call absurd prices of admission for ownership. Somehow, though, the luxury buyers keep coming.
In fact, if you think condominiums in Canada are too expensive today, you might be tempted to lay some blame on the inflationary influence of the Vancouver-based developer who has become a poster boy for excess.
Two of Gillespie's Vancouver projects – the Fairmont Pacific Rim and the city's tallest tower, Living Shangri-La – are largely sold out despite what are believed to be the highest prices per square foot of any project in Canada.
Living Shangri-La is selling for $1,500 per square foot, while the Fairmont fetches $2,100 per square foot. That's far above what many luxurious buildings, except for the prime offerings, in Toronto are selling for today. The $1,000-per-square-foot level for new buildings is considered high end.
But Gillespie, chief executive officer of private Vancouver-based developer Westbank, offers no apologies.
"I don't set the prices. It is what the market will bear," Gillespie said in an interview in Toronto, where he is launching his latest project, another Living Shangri-La condominium and hotel, with partner Peterson Group.
The $430 million, 65-storey tower at University Ave. and Adelaide St. W., kitty-corner to the new Four Seasons Centre for the Performing Arts, will have 279 condos and 220 hotel rooms.
The developer expects to sell pied-Ã -terre bachelors for $550,000 and up, all the way through to $10 million each for the two penthouses.
Tall buildings, though, sometimes come with tall egos. And Gillespie, a lanky, 40-something blond in a designer suit who looks more like the star of a celebrity hairdressing show than a rough and tumble developer, is filled with a weary self-assurance.
"Actually, in another month, we'll be raising the price at the Fairmont to about $2,400 a square foot," he told a reporter.
Toronto will get off comparatively lightly: a mere $900 per square foot and up on average, if current plans prevail.
Gillespie has profited mightily in Lotus Land, where a lack of available land has driven prices into the territory of National Basketball Association player salaries.
The question remains, however, as to whether he can recreate the magic in Toronto with his first project here.
After all, he is competing with a $300 million, 53-storey Ritz Carlton hotel and condominium already under construction. A new Four Seasons and a Trump Hotel and condominium are also planned for the city, producing an unprecedented plethora of luxury accommodation.
"Any time you add new supply, particularly at this end of the market, it takes time to absorb into the market," said Greg Kwong, executive vice-president of commercial realty firm CB Richard Ellis. "And this is a lot of supply at once."
Harry Stinson, a Toronto developer who started to market his Sapphire Tower condominium project this week, said he was "nervous about Toronto's capacity to absorb so much high-end product."
Gillespie, however, said he hasn't come too late to the party. It's only just beginning.
"I really don't have any concerns that this will sell. I think, if you look at Toronto, given its size and economic presence, the question should be, why has it taken this long to have these hotels built?" he said.
But Gillespie may find Toronto buyers a little more prudent with their cash.
Not only is the competition fierce, but prices here have been more moderate up to now, rising only about 5 per cent a year over the past few years, compared with Vancouver's double digits.
In Vancouver, Gillespie had the audacity to charge $10,000 in a refundable deposit before buyers were allowed to preview his Fairmont property. That kind of chutzpah may not work in Hogtown.
For one thing, the Shangri-La brand may not have the cachet of projects from some of his competitors.
Controlled by Hong Kong-based billionaire Robert Kuok, the 114th-richest man in the world according to Forbes magazine, the Shangri-La brand does have a loyal following in Asia. The hotels are usually decorated in Asian antiques and the service is legendary.
"You really end up feeling like a king," said Kwong, who stayed at a Shangri-La in Hong Kong in December.
Still, the brand, with 50 properties, is making an effort to move beyond its Asian roots into North America and Europe, but has very little presence here now.
The Toronto Star recently asked billionaire hotelier J.W. Marriott, chair and CEO of Marriott Inc., which owns the Ritz brand, what he thought of the Shangri-La as competition.
"I don't think it's really an issue," he said. "They don't have the name recognition in North America."
Gillespie, obviously, thinks otherwise.
"I actually think it's a bit of an advantage," Gillespie said. "People are looking for something a little exotic nowadays, not the same old thing. And, at the end of the day, the market will decide who has the best product."
Gillespie has no doubt that it will be his.
"I think we will be clearly superior to our competitors," Gillespie said. "It's about who will offer the best level of finishing, the best amenities. We will have that."
As for his competitors, Gillespie has referred to Donald Trump as "a caricature of himself" and developer Stinson as more of a promoter than a developer.
Gillespie told a newspaper reporter in Vancouver that the last time he was in Toronto, he saw Stinson "flogging his project" on television and "seriously thought about pulling the plug, if that's what real estate development was in Toronto."
"I'm sorry we don't measure up to his standards," Stinson replied, deadpan. "Maybe we just don't take ourselves as seriously in Toronto."
Jeanhy Shim, president of condominium-research firm Urbanation, said the company is tracking five potential condo developments in Toronto to come to market with prices of $1,000 per square foot. Gillespie's $2,100 per square foot price for his Fairmont project is probably the highest in Canada, she said.
Shim is optimistic that the market can bear several top-end projects.
Housing analyst Will Dunning, however, has forecast a correction for condos. Because much of the Toronto market is linked to success on Bay St., luxury properties could be hit once the market turns down.
But competition's tougher than it is back home
Feb 10, 2007 04:30 AM
Tony Wong
business reporter
Ian Gillespie doesn't build affordable housing.
He makes a living building palaces in the sky, many having water views, with what some might call absurd prices of admission for ownership. Somehow, though, the luxury buyers keep coming.
In fact, if you think condominiums in Canada are too expensive today, you might be tempted to lay some blame on the inflationary influence of the Vancouver-based developer who has become a poster boy for excess.
Two of Gillespie's Vancouver projects – the Fairmont Pacific Rim and the city's tallest tower, Living Shangri-La – are largely sold out despite what are believed to be the highest prices per square foot of any project in Canada.
Living Shangri-La is selling for $1,500 per square foot, while the Fairmont fetches $2,100 per square foot. That's far above what many luxurious buildings, except for the prime offerings, in Toronto are selling for today. The $1,000-per-square-foot level for new buildings is considered high end.
But Gillespie, chief executive officer of private Vancouver-based developer Westbank, offers no apologies.
"I don't set the prices. It is what the market will bear," Gillespie said in an interview in Toronto, where he is launching his latest project, another Living Shangri-La condominium and hotel, with partner Peterson Group.
The $430 million, 65-storey tower at University Ave. and Adelaide St. W., kitty-corner to the new Four Seasons Centre for the Performing Arts, will have 279 condos and 220 hotel rooms.
The developer expects to sell pied-Ã -terre bachelors for $550,000 and up, all the way through to $10 million each for the two penthouses.
Tall buildings, though, sometimes come with tall egos. And Gillespie, a lanky, 40-something blond in a designer suit who looks more like the star of a celebrity hairdressing show than a rough and tumble developer, is filled with a weary self-assurance.
"Actually, in another month, we'll be raising the price at the Fairmont to about $2,400 a square foot," he told a reporter.
Toronto will get off comparatively lightly: a mere $900 per square foot and up on average, if current plans prevail.
Gillespie has profited mightily in Lotus Land, where a lack of available land has driven prices into the territory of National Basketball Association player salaries.
The question remains, however, as to whether he can recreate the magic in Toronto with his first project here.
After all, he is competing with a $300 million, 53-storey Ritz Carlton hotel and condominium already under construction. A new Four Seasons and a Trump Hotel and condominium are also planned for the city, producing an unprecedented plethora of luxury accommodation.
"Any time you add new supply, particularly at this end of the market, it takes time to absorb into the market," said Greg Kwong, executive vice-president of commercial realty firm CB Richard Ellis. "And this is a lot of supply at once."
Harry Stinson, a Toronto developer who started to market his Sapphire Tower condominium project this week, said he was "nervous about Toronto's capacity to absorb so much high-end product."
Gillespie, however, said he hasn't come too late to the party. It's only just beginning.
"I really don't have any concerns that this will sell. I think, if you look at Toronto, given its size and economic presence, the question should be, why has it taken this long to have these hotels built?" he said.
But Gillespie may find Toronto buyers a little more prudent with their cash.
Not only is the competition fierce, but prices here have been more moderate up to now, rising only about 5 per cent a year over the past few years, compared with Vancouver's double digits.
In Vancouver, Gillespie had the audacity to charge $10,000 in a refundable deposit before buyers were allowed to preview his Fairmont property. That kind of chutzpah may not work in Hogtown.
For one thing, the Shangri-La brand may not have the cachet of projects from some of his competitors.
Controlled by Hong Kong-based billionaire Robert Kuok, the 114th-richest man in the world according to Forbes magazine, the Shangri-La brand does have a loyal following in Asia. The hotels are usually decorated in Asian antiques and the service is legendary.
"You really end up feeling like a king," said Kwong, who stayed at a Shangri-La in Hong Kong in December.
Still, the brand, with 50 properties, is making an effort to move beyond its Asian roots into North America and Europe, but has very little presence here now.
The Toronto Star recently asked billionaire hotelier J.W. Marriott, chair and CEO of Marriott Inc., which owns the Ritz brand, what he thought of the Shangri-La as competition.
"I don't think it's really an issue," he said. "They don't have the name recognition in North America."
Gillespie, obviously, thinks otherwise.
"I actually think it's a bit of an advantage," Gillespie said. "People are looking for something a little exotic nowadays, not the same old thing. And, at the end of the day, the market will decide who has the best product."
Gillespie has no doubt that it will be his.
"I think we will be clearly superior to our competitors," Gillespie said. "It's about who will offer the best level of finishing, the best amenities. We will have that."
As for his competitors, Gillespie has referred to Donald Trump as "a caricature of himself" and developer Stinson as more of a promoter than a developer.
Gillespie told a newspaper reporter in Vancouver that the last time he was in Toronto, he saw Stinson "flogging his project" on television and "seriously thought about pulling the plug, if that's what real estate development was in Toronto."
"I'm sorry we don't measure up to his standards," Stinson replied, deadpan. "Maybe we just don't take ourselves as seriously in Toronto."
Jeanhy Shim, president of condominium-research firm Urbanation, said the company is tracking five potential condo developments in Toronto to come to market with prices of $1,000 per square foot. Gillespie's $2,100 per square foot price for his Fairmont project is probably the highest in Canada, she said.
Shim is optimistic that the market can bear several top-end projects.
Housing analyst Will Dunning, however, has forecast a correction for condos. Because much of the Toronto market is linked to success on Bay St., luxury properties could be hit once the market turns down.
B
billy corgan19982
Guest
More info from the Shangri-La site
Shangri-La Hotel, Toronto To Open 2011
Shangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group, signed an agreement with Vancouver’s Westbank and Peterson Group to manage the 220-room five-star Shangri-La Hotel, Toronto opening 2011. The hotel will be Shangri-La’s second property in Canada following the debut of the Shangri-La Hotel, Vancouver in September 2008 by the same development team.
The Shangri-La Hotel, Toronto will be located on University Avenue at Adelaide Street within walking distance of central downtown office buildings, theatres, performance venues plus the vibrant Bloor Yorkville shopping and dining area.
The hotel will occupy the first 17 floors of the C$430 million 65-storey tower. Its guestrooms will be among the most spacious in the city and decorated in a contemporary style with Asian highlights. Luxury condominium residences will be located on the upper levels of the tower.
Guests entering the hotel through an elegant vaulted forecourt will be welcomed into a spacious three-storey glass atrium lobby offering streetscape views. The heart of the hotel will be its lobby lounge – an “urban living room†with a sidewalk cafe nestled in the shadow of the boulevard trees overlooking University Avenue. Breakfast, lunch and afternoon tea service will be followed by tapas and evening entertainment in the relaxed yet refined lounge.
The street-level club-style bar will lead to a mezzanine level feature restaurant overlooking University Avenue, the new Opera House and Queen’s Park. It will be open for lunch and dinner, pre- and post-theatre.
CHI, The Spa – Shangri-La’s signature spa brand – will offer treatments to in-house guests, condominium owners and local residents. Inspired by the origins of the Shangri-La legend, the CHI concept is based on Chinese and Himalayan healing therapies. Each of the 10 private CHI treatment rooms and one double treatment suite will provide a “spa within a spa†atmosphere, offering guests the luxury of time and space.
The hotel’s function rooms, on the third floor, will open onto a landscaped terrace as well as overlook the historic Bishop’s Block to the southwest. The ballroom will seat 150 and three smaller rooms will seat 12 to 50 persons. All function rooms will offer floor-to-ceiling windows and an elegant pre-function foyer. A screening room/theatre seating 50 guests will provide a venue for screenings or executive presentations that require dramatic special effects.
“We are delighted to announce our second project in Canada with Westbank and Peterson,†said Giovanni Angelini, Shangri-La’s chief executive officer and managing director. “Our Canadian properties will offer travelers Shangri-La’s renowned Asian-style hospitality complemented by luxurious guestrooms, fine dining, and state-of-the-art facilities.â€Â
Ian Gillespie, president of Westbank, added, “The Shangri-La in Vancouver and in Toronto both have ideal locations, and each property will undoubtedly become one of their respective city’s leading deluxe hotels under Shangri-La’s award-winning management.â€Â
Hong Kong-based Shangri-La Hotels and Resorts currently manages 50 hotels under Shangri-La and Traders brands with a rooms inventory of over 23,000. Shangri-La hotels are five-star deluxe properties featuring extensive luxury facilities and services. Shangri-La hotels are located in Australia, China, Fiji, Hong Kong, Indonesia, India, Malaysia, Philippines, Singapore, Sultanate of Oman, Thailand, Taiwan and the United Arab Emirates.
The group has over 40 projects under development in Canada, mainland China, France, India, Japan, Macau, Maldives, Philippines, Qatar, Seychelles, Thailand, United Arab Emirates, United Kingdom and the United States. For more information or reservations, please contact a travel professional or access the website at www.shangri-la.com.
Westbank is Canada’s pre-eminent luxury residential developer. The company was founded in 1992 and emerged as a leader in the development of retail shopping centres. Today, emphasis is on selecting key urban spaces to develop environmentally sensitive mixed-use/residential properties, defined by world-class design, amenities, landscape architecture and compelling public art. Westbank is currently developing or has completed over 11 million square feet of real estate exceeding $3.7 billion in cost with new properties in Toronto, Vancouver, Victoria, Edmonton and Dallas.
Peterson Group is a leading private real estate and manufacturing company with offices in Vancouver and Hong Kong. The company is recognized among its peers for bringing a proven, progressive and entrepreneurial approach to signature developments and acquisitions as well as to ventures in the manufacturing sector. Peterson Group's North American real estate portfolio totals over 5.4 million square feet and is comprised of large, mixed-use developments including retail, office, residential and institutional properties.
Shangri-La Hotel, Toronto To Open 2011
Shangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group, signed an agreement with Vancouver’s Westbank and Peterson Group to manage the 220-room five-star Shangri-La Hotel, Toronto opening 2011. The hotel will be Shangri-La’s second property in Canada following the debut of the Shangri-La Hotel, Vancouver in September 2008 by the same development team.
The Shangri-La Hotel, Toronto will be located on University Avenue at Adelaide Street within walking distance of central downtown office buildings, theatres, performance venues plus the vibrant Bloor Yorkville shopping and dining area.
The hotel will occupy the first 17 floors of the C$430 million 65-storey tower. Its guestrooms will be among the most spacious in the city and decorated in a contemporary style with Asian highlights. Luxury condominium residences will be located on the upper levels of the tower.
Guests entering the hotel through an elegant vaulted forecourt will be welcomed into a spacious three-storey glass atrium lobby offering streetscape views. The heart of the hotel will be its lobby lounge – an “urban living room†with a sidewalk cafe nestled in the shadow of the boulevard trees overlooking University Avenue. Breakfast, lunch and afternoon tea service will be followed by tapas and evening entertainment in the relaxed yet refined lounge.
The street-level club-style bar will lead to a mezzanine level feature restaurant overlooking University Avenue, the new Opera House and Queen’s Park. It will be open for lunch and dinner, pre- and post-theatre.
CHI, The Spa – Shangri-La’s signature spa brand – will offer treatments to in-house guests, condominium owners and local residents. Inspired by the origins of the Shangri-La legend, the CHI concept is based on Chinese and Himalayan healing therapies. Each of the 10 private CHI treatment rooms and one double treatment suite will provide a “spa within a spa†atmosphere, offering guests the luxury of time and space.
The hotel’s function rooms, on the third floor, will open onto a landscaped terrace as well as overlook the historic Bishop’s Block to the southwest. The ballroom will seat 150 and three smaller rooms will seat 12 to 50 persons. All function rooms will offer floor-to-ceiling windows and an elegant pre-function foyer. A screening room/theatre seating 50 guests will provide a venue for screenings or executive presentations that require dramatic special effects.
“We are delighted to announce our second project in Canada with Westbank and Peterson,†said Giovanni Angelini, Shangri-La’s chief executive officer and managing director. “Our Canadian properties will offer travelers Shangri-La’s renowned Asian-style hospitality complemented by luxurious guestrooms, fine dining, and state-of-the-art facilities.â€Â
Ian Gillespie, president of Westbank, added, “The Shangri-La in Vancouver and in Toronto both have ideal locations, and each property will undoubtedly become one of their respective city’s leading deluxe hotels under Shangri-La’s award-winning management.â€Â
Hong Kong-based Shangri-La Hotels and Resorts currently manages 50 hotels under Shangri-La and Traders brands with a rooms inventory of over 23,000. Shangri-La hotels are five-star deluxe properties featuring extensive luxury facilities and services. Shangri-La hotels are located in Australia, China, Fiji, Hong Kong, Indonesia, India, Malaysia, Philippines, Singapore, Sultanate of Oman, Thailand, Taiwan and the United Arab Emirates.
The group has over 40 projects under development in Canada, mainland China, France, India, Japan, Macau, Maldives, Philippines, Qatar, Seychelles, Thailand, United Arab Emirates, United Kingdom and the United States. For more information or reservations, please contact a travel professional or access the website at www.shangri-la.com.
Westbank is Canada’s pre-eminent luxury residential developer. The company was founded in 1992 and emerged as a leader in the development of retail shopping centres. Today, emphasis is on selecting key urban spaces to develop environmentally sensitive mixed-use/residential properties, defined by world-class design, amenities, landscape architecture and compelling public art. Westbank is currently developing or has completed over 11 million square feet of real estate exceeding $3.7 billion in cost with new properties in Toronto, Vancouver, Victoria, Edmonton and Dallas.
Peterson Group is a leading private real estate and manufacturing company with offices in Vancouver and Hong Kong. The company is recognized among its peers for bringing a proven, progressive and entrepreneurial approach to signature developments and acquisitions as well as to ventures in the manufacturing sector. Peterson Group's North American real estate portfolio totals over 5.4 million square feet and is comprised of large, mixed-use developments including retail, office, residential and institutional properties.
A
allabootmatt
Guest
I guess their target market is out-of-towners, since anyone actually from Toronto would know that Univ and Adelaide is definitively NOT walking distance from Yorkville.
There is definitely going to be an interesting competition developing between Yorkville and the emerging King West/Wellington area as the city's high-end hub, however. Clearly some hoteliers are betting on the latter whilst 4S and the developers of The Hazelton Hotel are sticking with the safe uptown bet.
There is definitely going to be an interesting competition developing between Yorkville and the emerging King West/Wellington area as the city's high-end hub, however. Clearly some hoteliers are betting on the latter whilst 4S and the developers of The Hazelton Hotel are sticking with the safe uptown bet.
D
Darkstar416
Guest
I don't imagine you'd get much of a view of Queen's Park from the 3rd floor either.
C
circuitboy84
Guest
Depends on how long of a walk you feel like going on.
O
officedweller
Guest
Awesome rendering of the tower in a full page ad in the Vancouver Sun today (both the developer and the marketing agency are from Vancouver, plus the market here is still fairly hot). Aerial shot looking south from behind the legislature - the tower is right at the foot of the southbound lanes at the bend in University Avenue. Rendering shows the roof a bit taller than the TD Tower at TD Centre, but not quite as tall as Commerce Court.
Bad Feng Shui being at the foot of the street (ironically), but great views up the street to the legislature.
The ad mentioned the price range:
Residences - floors 18-48 from $800,000
Private Estates - floors 49-65 from $2.3 million
Bad Feng Shui being at the foot of the street (ironically), but great views up the street to the legislature.
The ad mentioned the price range:
Residences - floors 18-48 from $800,000
Private Estates - floors 49-65 from $2.3 million
G
gbelan
Guest
im dying to see that rendering^
G
gbelan
Guest
i guess im alive
D
Dylan Leblanc
Guest
wow 8)
S
simply Dan
Guest
What a great perspective looking down University Ave - I wish it would have also included the Ritz and RBC towers!
Y
yyzer
Guest
very nice! so does this mean that Shangri-la is officially in sales now?
edit: from their website, "previewing April, Selling June 9"
edit: from their website, "previewing April, Selling June 9"
G
ganjavih
Guest
Oh yeah, baby!
