It has been less than five years since the first Gansevoort hotel helped breathe life into the now ultra-fashionable meatpacking district of Manhattan, and in that time the brand has pushed to cement itself among the top names of the luxury development world. Last March, a second Gansevoort project, its first with residences, opened in South Beach in Miami, and another hotel in New York is planned to open in fall 2010 on Park Avenue South. That may seem like quite a lot of activity for a still-young brand, especially in the current economic climate, but Gansevoort seems to be showing no signs of slowing down. Now a fourth project, this one on Richmond Street West in downtown Toronto’s entertainment district, is on the way. Plans call for 150 hotel rooms and 120 whole-ownership studio-to-three-bedroom residences in a modern, cubist-looking 35-story tower. The residences, from 700 to 4,000 square feet, will have large terraces with gardens hanging over their sides, and owners will be able to enter their units in a rental program to serve as hotel rooms while they are away. Also planned are a full-service spa and the rooftop area with a heated outdoor pool, lounge and a bar. The development’s plans also include a significant effort toward energy efficiency and sustainable building techniques; it is seeking LEED certification from the U.S. Green Building Council.
Pricing expected to start at $500,000 - For More Information Contact CondominiumHotels.com
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