Toronto developer announces plans for $800M downtown luxury tower
A Toronto developer has announced plans to build an $800-million, 63-floor development at the corner of Adelaide and Duncan in the city’s downtown.
Freed Developments’ Freed Hotel and Residences will feature 100 five-star luxury hotel rooms and 400 luxury condominiums with a skybar/restaurant on the 63rd floor, boutique spa, and a 10,000-square foot restaurant on the second floor.
"This project is a testament to my profound love for Toronto. Freed Hotel and Residences represents a groundbreaking moment for Freed Developments with the opportunity to merge art, culture, and sophistication through hotel-style living," says Peter Freed, Founder and CEO, Freed Developments. "Freed Hotel and Residences will proudly display a captivating piece of artwork by Takashi Murakami, adding a unique cultural dimension to this venture, while also bringing forward the first-ever Katsuya Restaurant to Canada which will further enhance the city's culinary landscape, and best-in-class hotel experiences for both residences and guests."
The building will be designed by Chicago-based Adrian Smith + Gordon Gill Architecture, who also worked on the Jeddah Tower in Saudi Arabia, and Central Park Tower in New York City.
"Freed Hotel and Residences will bring an unprecedented sophistication and luxury that is a signature of Freed Developments in Toronto. The tower will offer residents and visitors spectacular views of the city and Lake Ontario," says AS+GG Partner Gordon Gill, FAIA. "The formal geometry of the tower is defined by both its arrival and skyline expressions. Diamond shaped facets create a distinctive arrival and retail experience at street level, while the complimentary faceted silhouette of the tower's top creates an iconic identity within the Toronto skyline. The tower boasts luxurious hotel and residential functions with abundant amenities including terraced, outdoor garden spaces."
Toronto's DesignAgency leads the building’s interior design. In harmony with the contemporary architecture and a landmark Murakami sculpture, the interiors will bring together a creative collection of spaces and amenities that transport residents and hotel guests into magical, fun, and exciting worlds of design. Melding moments of poetic simplicity and dramatic juxtapositions of colour, mood and scale, the identity-defining interiors will express a feeling of transformational luxury that embodies the project's iconic aspirations.
"Freed Hotel and Residences is already an iconic project," says Anwar Mekhayech, Founding Partner, DesignAgency. “By assembling a world-class creative team, Peter Freed has set the stage for innovation and imagination on a grand scale. Together with these exceptional collaborators, DesignAgency is excited to explore new realms of possibility to create immersive interiors that exude great wonder and style.”
The Freed Hotel and Residences is scheduled to begin sales in March.