Harry Stinson
Encyclopedia
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
and educated at the University of Toronto Schools
University of Toronto Schools
The University of Toronto Schools is an independent secondary day school affiliated with the University of Toronto in Toronto, Ontario, Canada...
, is a high-profile real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
developer from Hamilton, Ontario
Hamilton, Ontario
Hamilton is a port city in the Canadian province of Ontario. Conceived by George Hamilton when he purchased the Durand farm shortly after the War of 1812, Hamilton has become the centre of a densely populated and industrialized region at the west end of Lake Ontario known as the Golden Horseshoe...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. He is president of Stinson Properties, Inc. He has been called Toronto's "condo king". Stinson's highest profile project to date has been 1 King West, a condo/hotel point tower that he claims is the "narrowest building in the world" on the basis of its height-to-footprint ratio. It incorporates the former headquarters of The Dominion Bank
The Dominion Bank
The Dominion Bank was a Canadian bank based in Toronto and incorporated in 1869 that merged on February 1, 1955 with the Bank of Toronto to form the Toronto-Dominion Bank. -History:...
.
He was promoting the Sapphire Tower
Sapphire Tower
The Sapphire Tower was a proposed luxury hotel / condominium skyscraper in Toronto, Ontario, Canada, to be built by developer Harry Stinson. It would have stood at 196 metres or 62 floors...
, a new residential tower for Toronto's financial district that would have been the tallest residential tower in Toronto at 342 metres (90 stories). He was competing with Donald Trump
Donald Trump
Donald John Trump, Sr. is an American business magnate, television personality and author. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts. Trump's extravagant lifestyle, outspoken manner and role on the NBC reality show The Apprentice have...
who is developing the "Trump Tower Toronto", a condo/hotel of similar height. In early 2008 the Sapphire Tower site was sold for 3 times its initial price for $24m.
His Dominion Club was closed on September 20, 2006 and sold to the 1 King West Condo Corporation as well as the hotel management contract for $14m.
In March 2007, the "condo king" filed for creditor protection as a result of an $11.8 million dispute with David Mirvish
David Mirvish
David Mirvish, CM, O.Ont is a Canadian art collector, art dealer, theatre producer and son of the late "Honest" Ed Mirvish, Toronto discount department store-owner and artist Anne Lazare Macklin....
, the financier of 1 King West.
On April 20, 2007, Stinson and Mirvish headed to Ontario Superior Court where on April 23 Mr. Justice Colin Campbell issued an order granting Mr. Stinson permission to continue running One King, but puts him on a short leash and appointed Ira Smith Trustee & Receiver Inc. as monitor, with full access to all records of Mr. Stinson’s businesses.
On August 24, 2007, Ira Smith Trustee & Receiver Inc.http://www.irasmithinc.com was appointed Receiver and Manager over the assets, properties and undertakings of several of Mr. Stinson's companies, pursuant to the order of the Honourable Madam Justice Pepall.
As of late 2009 the legal battles still continue between Mr. Stinson and Mr. Mirvish.
On February 29, 2008, Stinson signed a $9.5-million contract to purchase the Royal Connaught Hotel at Hamilton. The agreement was secured with a $100,000 deposit and provides a 30 day conditional period for Stinson to secure financing. The concept includes restoration and a substantial addition to the existing Connaught building to include a 100-room boutique luxury hotel and approximately 200 compact one and two bedroom multi-use condominiums. Stinson has confirmed a 100 storey condominium tower with a commercial gallery designed to be an architectural signature piece for downtown Hamilton. Harry Stinson now resides in the city of Hamilton.
On June 2, 2008, Harry Stinson makes a public presentation of his proposed 100-storey Connaught Towers
Royal Connaught Hotel
The Royal Connaught Hotel is a 13-storey building, 50 metres tall, at the corner of King Street East & John Street South in downtown Hamilton, Ontario, Canada...
at the Hamilton Chamber of Commerce building. It would have made it the tallest building in Canada. Three months later, on Thursday September 4, Harry Stinson closed up the Connaught Towers sales office in downtown Hamilton and the project is officially cancelled.
In April 2009 Harry moved the location of his proposed Hamilton Grand Hotel from John St. beside the Royal Connaught Hotel to the southeast corner of John and Main streets in Hamilton. The hotel is to look like a 19th century building and will operate as a condominium owned hotel complete with street level retail, restaurant and banquet center. The project is still moving forward.
On June 30, 2009, Harry closed on the Stinson School for $1.05m. at 200 Stinson Street turning the former school into loft condominiums. Sales have begun of the lofts and move dates set for June 2011.
Projects:
- 1 King WestOne King Street West, TorontoOne King Street West or 1 King West is a condo hotel in the heart of the financial district in Toronto. Completed in 2006, a tower was added onto the heritage Dominion Bank Building , itself an early 12-storey skyscraper. The Dominion Bank Building was designed by Darling and Pearson in the...
(Completed) - High Park Lofts (Completed)
- Sapphire TowerSapphire TowerThe Sapphire Tower was a proposed luxury hotel / condominium skyscraper in Toronto, Ontario, Canada, to be built by developer Harry Stinson. It would have stood at 196 metres or 62 floors...
(Cancelled, sold for $24m. early 2008) - The Connaught TowersRoyal Connaught HotelThe Royal Connaught Hotel is a 13-storey building, 50 metres tall, at the corner of King Street East & John Street South in downtown Hamilton, Ontario, Canada...
(Cancelled 100-storey tower for downtown Hamilton, OntarioHamilton, OntarioHamilton is a port city in the Canadian province of Ontario. Conceived by George Hamilton when he purchased the Durand farm shortly after the War of 1812, Hamilton has become the centre of a densely populated and industrialized region at the west end of Lake Ontario known as the Golden Horseshoe...
) - The Hamilton Grand (Moving forward Main St. & John St. Hamilton, Ontario)
- Stinson School Lofts (Anticipated completion date of June 2011)
External links
- Stinson Properties
- One King West's Official Site
- Ira Smith Trustee & Receiver Inc. re 1 King West receivership - see Court Reports and Court Orders
- Stinson School Lofts Official Site
Video
- Harry Stinson talks about the 81-storey Sapphire Tower - YoutubeYouTubeYouTube is a video-sharing website, created by three former PayPal employees in February 2005, on which users can upload, view and share videos....
- Harry Stinson talks about 1 King West, Toronto - YoutubeYouTubeYouTube is a video-sharing website, created by three former PayPal employees in February 2005, on which users can upload, view and share videos....
- Harry Stinson talks about High Park Lofts, Toronto - YoutubeYouTubeYouTube is a video-sharing website, created by three former PayPal employees in February 2005, on which users can upload, view and share videos....