Wednesday, October 18, 2017

Marc Blair Live Stream

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Friday, August 12, 2011

Four Seasons Open in Toronto - Expect the best in Luxury

The luxury hotel group is to open a two-tower hotel and residences complex in the Yorkville district of Toronto, the city where it all started for Four Seasons 50 years ago this week.
The Four Seasons Hotel and Residences Toronto is scheduled to open next summer, and will be located on the corner of Bay Street and Yorkville Avenue.
The new property is just one block east of the existing Four Seasons Hotel Toronto, which will close in April 2012, and which is itself the third incarnation of Four Seasons in the city. The original Four Seasons hotel opened in Toronto in 1961, as CEO Kathleen Taylor explains:
“It was a motor hotel on a street called Jarvis Street which was the heart of the red light district in Toronto. It became famous because it was across the street from the CBC and in those days the intelligentsia worked for a lot of the government agencies and CBC was no exception. It became one of the most famous places for people to go for a drink after work and it was very successful.
“The second was the Inn on the Park which was way out in what was then farmland. As the city grew it became very successful because the area around it changed and it became like a resort within a city.”
The current Four Seasons property opened in the 1970s (having previously been branded as a Hyatt), and the buildings housing the first two hotels have since been demolished.
Next year will see the opening of the fourth Four Seasons hotel in Toronto, a new-build property comprising a 253-room hotel (a room count which is actually significantly down on the current 380), and over 200 private residences, spread across the 26-floor East Residence and 55-storey West Residence.

The top floor of the West Residence will house the 840sqm penthouse residence, while the hotel will take up the first 20 floors of the buidling. Features will include a first-floor restaurant with “celebrity chef concept”, a ground floor bar, and a 2,600sqm spa with a skylit indoor pool, whirlpool, treatment rooms and fitness centre. There will also be two ballrooms measuring 325 and 650sqm.

General manager of the current Four Seasons property Dimitris Zarikos is also overseeing the new development, and described the décor of the new property as being “minimalist, with muted tones and plenty of contemporary art”.

This week sees the 50th anniversary of the opening of the first Four Seasons property, and to celebrate the group has launched a new Living Values website highlighting Four Seasons’ global CSR efforts in its three focus areas of Supporting Sustainability, Building Communities and Advancing Cancer Research.
Four Seasons has planned openings for Marrakech, Guangzhou and Baltimore this year, with further properties slated in Baku and St Petersburg. The group also recently reopened its property on London’s Park Lane following extensive renovations (see online news January 31), and has also announced a third London property, to be located close to Liverpool Street station (see online news January 12).
Visit fourseasons.com, livingvalues.fourseasons.com, and for specific information on the new Four Seasons development in Toronto, visit yorkvilleresidences.com.

Toronto is Still Hot !

During the first 14 days of July, Greater Toronto Realtors reported an increase in sales and the average selling price compared to the first two weeks of July 2010. The number of sales through the Toronto MLS® system was up 35 per cent to 3,609, compared to 2,672 last year.
“Low mortgage rates, rising incomes and good news on the jobs front have kept consumers confident in purchasing a home in the Greater Toronto Area. In fact, home buyers are much more confident than they were this time last year when concerns around the HST, interest rate hikes and new mortgage lending rules had temporarily put a damper on home sales,” said Toronto Real Estate Board (TREB) President Richard Silver.
Tight market conditions in the GTA drove a strong rate of price growth through the first two weeks July. The average selling price was $464,277 – up 9.6 per cent compared to the average of $423,773 in July 2010.
“Enhanced competition between home buyers continued to drive strong price growth through the first two weeks of July,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “While new listings were up year-over-year in the first half of the month, seller’s market conditions were sustained as sales grew at an even greater rate.”

Toronto Still going Strong !

Greater Toronto Realtors reported 7,922 transactions through the Toronto MLs® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 per cent compared to the same period in 2010. After adjusting for seasonal fluctuations, the July figure continued to point to an annual sales result close to 90,000 – in line with results from the previous six months.
"Strong home sales continued in July, with a substantial rebound over last summer’s slow-down brought about by higher mortgage rates, new lending guidelines and misconceptions about the HST. The greatest rebound was seen in the condominium apartment segment in the City of Toronto," said Toronto Real Estate Board President Richard Silver. "If the current pace of sales holds up, we could see the second best year on record under the current TREB market area."
The average selling price in July was $459,122 – up by almost ten per cent compared to the July 2010 average of $418,675.
“Tight market conditions have boosted the annual rate of price growth this year. However, the listings situation is starting to improve. A better supplied market later this year and into 2012 would lead to a more sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Monday, June 13, 2011

Toronto's Buying Power is Growing Faster !!

A Hong Kong businessman is Canada's newest King of the Castle – and he didn't even have to stand in line to buy his $25 million penthouse suite.

The unidentified buyer set a new benchmark for the country's priciest slice of downtown residential real estate this week when he bought the 7,500- square-foot suite at One Bloor East.

Toronto's newest fashionable address was the site of real estate mayhem when more than 100 brokers lined up, or hired others to stand in line for them, in the cold for more than a week for a chance to buy suites scheduled to open in 2011.

The building's 592 units were such a hot commodity that shoving matches broke out between irate brokers wanting to be first through the sales room door.

Architect Roy Varacalli says the penthouse takes up the entire 80th floor of the $450 million skyscraper, giving its owner an "absolutely spectacular" 360-degree view of the city.

If the buyer closes the deal within the prescribed 10 days, he'll trump Toronto billionaire Alex Shnaider, who revealed in August he plans to keep what he thought was Canada's priciest condo – valued at $20 million – in the Trump International Hotel & Tower he's helping finance.

But Shnaider said at the time his mansion-in-the-sky could be as big as 14,000 square feet, dwarfing the One Bloor East penthouse.

Varacalli said the One Bloor East buyer was sold when he heard the unit will have a 12-foot-by-20-foot indoor infinity or "vanishing edge" pool. The pool's infinity edge runs right up to a floor-to-ceiling plate glass wall at one side of the building.

"If you open your eyes underwater, you get a view of the city," Varacalli added.

"The buyer got wind of it and he wanted it."

When the building opens, slated for 2011, the sky-high suite will be loaded with high-end features including an elevator that opens right into the penthouse foyer and a private outdoor garden.

It is also to have five outdoor terraces, with in-floor radiant heat to melt snow.

The kitchen is the last word in ultra luxury, with a Cambrian stone top island, six-burner in-line gas stove, champagne pantry, steam ovens, under-counter crispers and a walk-in wine cellar. For party time, there is a separate caterer's kitchen.

The suite has three bedrooms, a library, music room, family room, nanny's quarters, floors made of wood, marble and limestone and 12-foot ceilings. It even has a cold room for fur storage.

And no close quarters at the bathroom sink here: the suite sports his-and-hers ensuite master baths.

Hers has a steam shower with heated floors and walls, a fireplace, wine fridge, lounge area and Agape soaker tub from Italy, made of stone and Corian, that fronts a solid glass wall.

"It's placed in front of a window so you can sit in it and look down on the rest of us plebs," Varacalli laughed. "It's pure opulence."

It will be One Bloor East's biggest, but not its only, penthouse.

The top three floors are set aside for top-of-the-heap suites. The two penthouses on the 79th floor have been the subject of $9.5 million offers.

Down on the 78th floor, three penthouses are still on offer for a mere $5.5 million to $6.5 million.

Interiors will be by Andrea Kantelberg, Toronto's top eco-designer, and feature sustainable green materials throughout.

The exterior, which has distinctive "wings" at the top, is designed with a unique sliding balcony-door system that reflects light and changes the appearance of the building depending on how the owners position them.

"What is interesting is that this puts the residents in charge of the design," Varacalli said.

Trump Tower currently claims to have the tallest condo spire on the drawing board, at 281.88 metres spread over 57 storeys. One Bloor East is to have the same number of stories in a slightly smaller package at 276 metres.

Aura, another condo project that was launched yesterday, is forecast to reach 243 metresVaracalli does nothing to tone down the edifice complex when he notes the Trump Tower gets some height from "that silly antenna on top."

He then jokes he'll extend the wings at his tower so it hits 282 metres.

One Bloor East's developer, Bazis International of Kazakhstan, has held back about 100 of the building's apartment suites for sale next weekend.

Apartments start at 585 square feet. The first three storeys are to feature retail space, with floors above that to include common areas and hotel rooms.

When the lineups started two weeks ago, suites were listed on a billboard at prices from $300,000 to $2 million.

By the time the sales office officially opened Wednesday, a new sign showed prices had inflated to $500,000 to $8 million.

The $25 million super suite was not among those put on offer to the queuing public.

While the price may seem crazy to many, Toronto isn't world class when it comes to superluxury condos.

Four 20,000-square-foot units at One Hyde Park in London, England, are rumoured to be up for grabs at $160 million each. There is talk that one has already sold.

Forbes.com reports that financier Martin Zweig owns the most expensive condo in the U.S., a $70 million penthouse perched atop New York City's landmark Pierre Hotel, overlooking Central Park.