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2007 02 09
Shangri-La In Toronto

Venerable Toronto hotel institution The Four Seasons woke up this week to the announcement that ultra-exclusive hotel class competitor, Shangri-La, is building a 430 million dollar project at the corner of University and Adelaide. Here is an excerpt from their press release:
Living Shangri-La Toronto, a new $430 million tower, will redefine luxury living downtown, offering a collection of elegant residences atop the five-star hotel, jointly developed by Westbank and Peterson Group with James K.M. Cheng Architects (design architect) and Young + Wright Architects (architect of record).

Slated to open in spring 2011, the 65-storey, 704-foot luxury hotel and condominium tower on prestigious University Avenue at Adelaide Street boasts a dynamic central location on the nexus of the Financial and Entertainment Districts, across from the new Four Seasons Centre for the Performing Arts.
It will be interesting to see if the Four Season's decision to build north of Bloor Street rather than downtown was the right move for the hotelier given that so many competitors are following the trend to highly urban hotels.
[email this story] Posted by R Ouellette on 02/09 at 02:36 PM

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