mysteryman
Active Member
Looks like a 3 year old playing with blocks. Enough already.
Toronto The Britt Condos | 142.03m | 41s | Lanterra | Arcadis
- Thread starter AlbertC
- Start date
urbandreamer
recession proof
^Final edition, although not to scale (working on it.
) Enjoy.
The Bay Street side:
) Enjoy.
The Bay Street side:
gristle
Senior Member
'BoxOnBay"
Why not? Honesty in marketing.
Why not? Honesty in marketing.
Automation Gallery
Superstar
So it going up to 42 storeys
Toronto’s Sutton Place Hotel to be converted into condos by Lanterra Development
While plans are still being finalized, Lanterra hopes to add about nine storeys to the 33-storey Sutton Place, convert its 400 hotel rooms into up to 600 condo units and widen the footprint of the building at Bay and Wellesley Sts.
Lanterra is also considering adding a boutique hotel to the site, but is keenly aware that Toronto has seen a surge in five-star hotels — from the already opened Ritz-Carlton to the new Four Seasons slated to open later this year
http://www.thestar.com/business/art...converted-into-condos-by-lanterra-development
Toronto’s Sutton Place Hotel to be converted into condos by Lanterra Development
While plans are still being finalized, Lanterra hopes to add about nine storeys to the 33-storey Sutton Place, convert its 400 hotel rooms into up to 600 condo units and widen the footprint of the building at Bay and Wellesley Sts.
Lanterra is also considering adding a boutique hotel to the site, but is keenly aware that Toronto has seen a surge in five-star hotels — from the already opened Ritz-Carlton to the new Four Seasons slated to open later this year
http://www.thestar.com/business/art...converted-into-condos-by-lanterra-development
AlbertC
Superstar
http://news.nationalpost.com/2012/0...et-to-close-be-retrofitted-as-a-luxury-condo/
Sutton Place Hotel set to close, be retrofitted as a luxury condo
Kristin Annable Feb 8, 2012 – 4:06 PM ET | Last Updated: Feb 8, 2012 4:12 PM ET
Sutton Place Hotel set to close, be retrofitted as a luxury condo
Kristin Annable Feb 8, 2012 – 4:06 PM ET | Last Updated: Feb 8, 2012 4:12 PM ET
G
gabe
Guest
Typical CEO
Trump and Ritz aren't hiring. Four Seasons will probably being laying off some workers. That leaves Shangri-La, which is the smallest out of all the 5 star hotels. A small luxury boutique hotel would be a welcome addition to Toronto's hotel scene. NYC has seen decrease in large scale hotels and saw a huge increase in small boutique hotels. I can see that happening in Toronto in the next few years hopefully!TOareaFan
Superstar
Typical CEO
ha ha! i have heard many descriptions of Barry Fenton but, til now, "typical CEO" has not been one of them!
EDIT: was thinking about this post again and, really, until the parade of 5 star hotels, the biggest growth area in the Toronto hotel market had been the luxury boutique area...so I don't think we have a shortage (either in raw number or relative to other cities) in that market either. Soho Met, Thomspon, Germain (x2), Cosmopolitan, Pantages, Hazelton and Windsor Arms (and I have likely missed several) all would be described in that fashion....and most of those are pretty recent entrants in the market place.
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Red_Bulmer
New Member
Could someone please tell me what the vacant lot is? Are there any plans for it? Who owns it?
Automation Gallery
Superstar
Now this is a good one
Sutton Place tenants, union, band together to stop conversion of hotel to condos
The Steelworkers union and tenants at the historic Sutton Place Hotel have banded together to try and stop the sale of the iconic property to a condo developer.
They’re also warning that the City of Toronto should not issue building permits for Toronto’s former palace to the stars until there’s been an investigation into the sale, believed to be worth more than $80 million.
Both the union and some 20 tenants who live above the hotel are alarmed that longtime staff have been let go without severance, antiques have gone missing and $100 million in mortgages have been taken out against the property in the last year by owner Sutton Place Grande Ltd.
Lanterra Developments has already announced it plans to add about nine floors to the 33-storey hotel, convert its 375 hotel rooms into up to 600 condo units and add restaurants and retail space to the building at Bay and Wellesley Sts.
But Lanterra is not discussing details of the deal, set to close June 30 — along with the Toronto landmark — or explain why it has taken the unusual step of making a $15 million partial payment against one of Sutton Place Grande’s three mortgages.
Rumours have been rampant since last fall when staff and tenants — both of whom consider the hotel their home — got word a sale was pending and the hotel likely doomed
More.........http://www.thestar.com/business/art...ogether-to-stop-conversion-of-hotel-to-condos
Sutton Place tenants, union, band together to stop conversion of hotel to condos
The Steelworkers union and tenants at the historic Sutton Place Hotel have banded together to try and stop the sale of the iconic property to a condo developer.
They’re also warning that the City of Toronto should not issue building permits for Toronto’s former palace to the stars until there’s been an investigation into the sale, believed to be worth more than $80 million.
Both the union and some 20 tenants who live above the hotel are alarmed that longtime staff have been let go without severance, antiques have gone missing and $100 million in mortgages have been taken out against the property in the last year by owner Sutton Place Grande Ltd.
Lanterra Developments has already announced it plans to add about nine floors to the 33-storey hotel, convert its 375 hotel rooms into up to 600 condo units and add restaurants and retail space to the building at Bay and Wellesley Sts.
But Lanterra is not discussing details of the deal, set to close June 30 — along with the Toronto landmark — or explain why it has taken the unusual step of making a $15 million partial payment against one of Sutton Place Grande’s three mortgages.
Rumours have been rampant since last fall when staff and tenants — both of whom consider the hotel their home — got word a sale was pending and the hotel likely doomed
More.........http://www.thestar.com/business/art...ogether-to-stop-conversion-of-hotel-to-condos
G
gabe
Guest
Once again the CEO wages war on the working class. This sums it up perfectly
I remember seeing this painting. It's probably hanging nicely in some dumpster right now.
I remember seeing this painting. It's probably hanging nicely in some dumpster right now.
caltrane74
Senior Member
Stanley Ho, legendary Hong Kong Business Tycoon is on his last legs and the Toronto portion of his family is in a hardcore fight for what's left of his empire.
CN Tower
Banned
It’s got a few hurdles to jump first, notably the 20 tenants — one a savvy former Cadillac-Fairview developer, another a 101-year-old who’s lived at Sutton Place for 40 years.
They’re refusing to go, saying they are protected by both a Toronto bylaw that prevents the conversion of rentals to condos and the Landlord and Tenant Act.
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Give them each $50,000, set them up in equivalent or better rental accommodations in the immediate area at the same rent and cover their moving expenses to the penny. Then give them each the option to return to the new Sutton Place condos, aka the foreign student party dorm, at the same rent they were paying previously.
If Lanterra did that properly i bet they would not have any issues with them.
They’re refusing to go, saying they are protected by both a Toronto bylaw that prevents the conversion of rentals to condos and the Landlord and Tenant Act.
//////////////////
Give them each $50,000, set them up in equivalent or better rental accommodations in the immediate area at the same rent and cover their moving expenses to the penny. Then give them each the option to return to the new Sutton Place condos, aka the foreign student party dorm, at the same rent they were paying previously.
If Lanterra did that properly i bet they would not have any issues with them.
buildup
Senior Member
These tenents are they benefiting from below market rents because they have been renting for long periods, or did those old protections die out long ago? If anyone is getting a 900 sq foor unit for $850 per month, boot them out, its totally unfair.
With regards firing long time staff with no severence that is outrageous and disgusting. I have a good lawyer they should see.
With regards firing long time staff with no severence that is outrageous and disgusting. I have a good lawyer they should see.
Automation Gallery
Superstar
In a socialist country, they might stand a chance...here in Canada i doubt it and might just get some leftover crumbs?
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dt_toronto_geek
Superstar
Serious? So just boot out people who have lived in a building too long who are lucky not to be paying insane Toronto rental rates? A retired senior that I know quite well in my building has lived here since the building opened in '73 or '74, he pays somewhere in the $900 range for a two bedroom (just under 900 sq. ft.) and his hydro is included (grandfathered). The same unit is renting for between $1450-1650 (depending on exposure and whether the unit has been fully renovated or not) PLUS hydro (we have expensive electric combo central heating/AC built in, in-wall units). I know there are many other people, mostly retired, who are also original tenants here. Should they all be tossed out because it's "unfair"?