Trump International Hotel and Tower (Toronto)

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Trump International Hotel and Tower Toronto

Computer rendering of the Trump International Hotel and Tower Toronto
General information
Status Complete
Type

Hotel, Condominium, Retail

[1]
Architectural style Modern
Location 325 Bay Street
Toronto, Ontario
Coordinates 43°38′59″N 79°22′50″W / 43.649647°N 79.380555°W / 43.649647; -79.380555Coordinates: 43°38′59″N 79°22′50″W / 43.649647°N 79.380555°W / 43.649647; -79.380555
Estimated completion 2011
Opening January 31, 2012
Height
Antenna spire 276.9 m (908 ft)
Roof 236.5 m (776 ft)
Technical details
Floor count 65
Design and construction
Architect Zeidler Roberts Partnership
Developer Talon International Development Inc.

Trump International Hotel & Tower, Toronto is a mixed-use skyscraper in Toronto, Ontario, Canada. It is being built by Talon International Development Inc., which is owned by Val Levitan and Canadian businessman Alex Shnaider.

It is named for real estate developer Donald Trump, a minority shareholder in the project. The tower is located in the financial district, at 311 Bay Street, on the southeast corner of Bay and Adelaide. Construction began with the removal of the sales centre in September 2007, but the official groundbreaking was Friday, October 12, 2007. The suggested completion date for the hotel portion of the tower is slated for fall of 2011, while the official completion of the tower in early 2012. The building topped in early September 2011 and the spire was raised on September 24, 2011. Trump tower is the 2nd tallest skyscraper in Canada (including spire), the tallest mixed use building in the city and 4th tallest structure in the city. The hotel opened for business on January 31, 2012.

Contents

[edit] Specifications

Future site of Trump International Hotel & Tower, Toronto, 2005.
Construction, as of May 2011.

The 65-story[2](57 occupiable floors) Trump International Hotel & Tower is 276.9 meters (908 feet) tall[3] and is clad with a steel, glass, and stone facade. The building will include 260 luxury hotel rooms and 109 condominiums. The top two floors of the hotel section will include a 18,000 square foot (1,700 m²) spa. It is being built by Zeidler Roberts Partnership. When completed, the Trump Tower will be the tallest residential building in Canada.

Residential suites start at 207 m² (2,226 square feet). They have been designed with upscale fixtures and 3.4 to 4 meter (11 to 13-foot) ceilings. Condo prices start at $1,200,000. To ensure privacy of the residents, there will be a maximum of 4-6 suites per floor. Furthermore, residents will have a separate entrance and elevators from hotel guests.

There were plans to connect the building to Toronto's underground PATH network. Recently this plan was halted due to the high costs associated with tunneling under the city.

On March 23, 2007, Talon International Development Inc. of Toronto announced that it had reached an agreement with international bank Raiffeisen Zentralbank Österreich AG (RZB) to arrange $310 million in construction financing for their five-star Trump International Hotel & Tower development.

Lewis Builds Corporation, a construction and development manager in downtown Toronto is the construction manager for this project. The development is on time for completion in August 2012.

[edit] Rivalry with Sapphire Tower

Developer Harry Stinson intended to create a friendly rivalry between himself and Trump for the tallest residential building in Canada with the Sapphire Tower. As a result, the initial heights of both projects were revised several times in an attempt to outdo each other, and Stinson's skyscraper would have been 17 metres taller in its latest design. However, the Sapphire Tower failed to gain approval of city council and its development company filed for bankruptcy in 2007. At that time, the Trump Tower's design was also scaled back and the height was reduced, not because of the demise of the competing Sapphire Tower, but rather the developers needed to allow the project to remain viable in the face of the real estate market slowdown.[citation needed]

[edit] Notes

[edit] See also

[edit] External links

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