-With an expected reopening in 2020, the completed project will feature 219 luxury hotel rooms, 65 luxury rental apartments, high-end retail and more -
TORONTO, April 2, 2019 /CNW/ - Oxford Properties Group ("Oxford"), the global real estate arm of OMERS, today revealed designs for its redevelopment of Park Hyatt Toronto. Long considered to be one of the most venerable sites in Toronto, and one of the most iconic addresses, Park Hyatt Toronto will be fully modernized through Oxford's plans that will restore the buildings to their true landmark status. The plans create 65 luxury rental apartments at Two Avenue Road, the site's heritage South Tower, 40,000 square feet of high-end retail and restaurant options throughout the complex, and a 219-room luxury Park Hyatt hotel in the site's North Tower. The heritage-designated South Tower will be completely retained and restored, making it the first high-rise in Toronto to be totally retained in an adaptive re-use project, preserving it for generations to come. The project is already under construction and slated to re-open in early 2020.