How the homegrown hotelier’s luxurious new flagship came to fruition
Toronto is attracting keen interest from well-heeled international buyers, say developers, and there can be no greater vote of confidence than the fact that someone just plunked down a record $28 million to live in Canada’s largest city.
It’s only a construction site at the moment, but when a mystery foreign buyer takes possession of the 55th floor of a downtown Toronto condominium in the summer of 2012, it will be for $28-million, the most expensive penthouse in Canadian history.
That it sold quickly came as a surprise even to the developers of the Four Seasons Hotel and Private Residences project.
The Four Seasons sale impressed even the most seasoned market watchers, although it is associated with one of the most luxurious hotel chains in the world. Isadore Sharp founded the company in Toronto in 1960, and expanded it into a global icon renowned for its customer service with more than 84 hotels in 34 countries.
An international buyer is shelling out $28 million for a penthouse suite at the new Four Seasons Hotel and Private Residences in Toronto.
The unit is perched on the top floor of the 55-storey building that will rise up at the northeast corner of Bay Street and Yorkville Avenue.
The penthouse features 9,038 sq. ft. of living space inside Canada’s most expensive condominium ever sold, the builder said in a statement.