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Trump International Hotel and Tower (Toronto)
Encyclopedia
Trump International Hotel & Tower, Toronto is a mixed-use skyscraper currently under construction 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 would be in 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 57-story(occupiable floors) Trump International Hotel & Tower is 276.9 metres (908 feet) tall 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 metre (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 tunnelling 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 2011.
. 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.
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...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, 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...
. It is being built by Talon International Development Inc., which is owned by Val Levitan and Canadian businessman Alex Shnaider
Alex Shnaider
Alex Shnaider is a Russian-born Canadian entrepreneur and former commodities trader. He is co-founder with Eduard Shifrin of the Midland Group. He was educated at York University in Toronto....
.
It is named for real estate developer 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...
, a minority shareholder in the project. The tower is located in the financial district
Financial District, Toronto
The Financial District is a business district in Toronto, Ontario, Canada, within the downtown core. It was originally planned as New Town in 1796 as an extension of the Town of York . It is the main financial district in Toronto, and is the financial heart of Canada...
, at 311 Bay Street
Bay Street
Bay Street, originally known as Bear Street, is a major thoroughfare in Downtown Toronto. It is the centre of Toronto's Financial District and is often used by metonymy to refer to Canada's financial industry since succeeding Montreal's St. James Street in that role in the 1970s...
, 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 would be in 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.
Specifications
Day spa
A day spa is a business establishment which people visit for professionally administered personal care treatments such as massages and facials. It is similar to a beauty salon in that it is only visited for the duration of the treatment. Day spas sited in airport terminals are often called airport...
. 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 metre (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
PATH (Toronto)
PATH is a network of pedestrian tunnels beneath the office towers of Downtown Toronto, Ontario, Canada. According to Guinness World Records, PATH is the largest underground shopping complex in the world with 371,600 m² PATH is a network of pedestrian tunnels beneath the office towers of Downtown...
network. Recently this plan was halted due to the high costs associated with tunnelling 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 2011.
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 TowerSapphire 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...
. 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.
See also
- Trump International Hotel and TowerTrump International Hotel and TowerTrump International Hotel and Tower may refer to:* Trump International Hotel and Tower * Trump International Hotel and Tower * Trump International Hotel and Tower * Trump International Hotel and Tower...
- List of tallest buildings in Toronto
- List of tallest buildings in Canada
- List of tallest structures in Canada