PENTHOUSE AT FOUR SEASONS HOTEL AND PRIVATE RESIDENCES TORONTO SELLS FOR $28 MILLION, A CANADIAN RECORD

TORONTO, May 30, 2011 /CNW/ - Canada's most exclusive condominium residence has been purchased by an international buyer. At $28 million, the West Penthouse of the new Four Seasons Hotel and Private Residences Toronto is the most expensive condominium residence sold in Canadian history.

The penthouse residence occupies the top floor of the 55-storey West Residence building, and encompasses 9,038 sq. ft. of living space. The suite, with panoramic views of Toronto's towering skyline, features 12 ft. ceilings, a breathtaking floor-to-ceiling glass galleria and four expansive corner terraces. Included in the price is a staff residence, located in the adjacent, 26-storey East Residence building. The staff residence provides the owners with the convenience of separate, private quarters for household staff located on-site.

"As one of the largest developments of its kind in North America, our exciting new hotel and private residence in Toronto represents a wonderful affirmation of the strength of the Four Seasons brand in Canada and around the world," said Isadore Sharp, founder and chairman of Four Seasons Hotels and Resorts. "This new home will allow us to offer the exquisite service, style and comforts that have become our hallmark, while remaining the world leader in luxury hospitality."

Located at the northeast corner of Bay Street and Yorkville Avenue, Four Seasons Hotel and Private Residences Toronto is a landmark mixed-use development featuring a world class hotel and 210 private residences in two sleek 55- and 26-storey towers.

The iconic development is 85 per cent sold, with a varied selection of suites in each tower available for purchase.

"The discerning international buyer of the penthouse suite was attracted to all that this landmark project has to offer," said Alan Menkes, President of the High-Rise Residential Division of Menkes Developments, the managing partner of the project. "Four Seasons Hotel and Private Residences Toronto boasts the city's finest location, with stunning architecture, impeccably designed living spaces and globally renowned service standards."

Designed by architectsAlliance, the 55-storey West Residence tower is comprised of a 253-room Four Seasons Hotel on the first 20 floors, and 100 Private Residences above. The 26-storey East Residence tower has 110 Private Residences and is connected to its sister building by an elevated pedestrian bridge. Both towers share a courtyard designed by internationally-renowned Claude Cormier Landscape Architects.

The Private Residences' suite designs and finishes have been created by Brian Gluckstein Design Planning. Featuring generous room configurations and timeless appointments, Private Residences range in size from 1,000 to 9,000 sq. ft. and start at $1.9 million.

Yabu Pushelberg has designed the Hotel and Private Residence lobbies, the spa, ballroom/conference facilities and hotel rooms. Residence owners will have access to the services and amenities of the Four Seasons Hotel, including a 28,000 sq. ft. spa, health club, pool, 24-hour concierge, in-residence dining and housekeeping. The spa will feature a sky-lit lap pool, whirlpool, private treatment rooms and a state-of-the-art fitness club.

Construction on Four Seasons Hotel and Private Residences Toronto is well underway with first occupancies and the hotel opening scheduled for summer 2012.

The developer is Bay-Yorkville Developments Ltd., a joint venture between Menkes Developments Ltd., Lifetime Developments and Alcion Ventures. Menkes Construction Ltd. is building both the hotel and residences.

For more information about Four Seasons Private Residences Toronto, visit www.yorkvilleresidences.com.

Four Seasons Private Residences Toronto are not owned, developed or sold by Four Seasons Hotels Limited or its affiliates (Four Seasons). Bay-Yorkville Developments Limited uses the Four Seasons trademarks and trade names under a license from Four Seasons Hotels Limited. The marks "FOUR SEASONS", "FOUR SEASONS HOTELS AND RESORTS," any combination thereof and the Tree Design are registered trademarks of Four Seasons Hotels Limited in Canada and U.S.A. and of Four Seasons Hotels (Barbados) Ltd. elsewhere.

(Jpeg photos available)

SOURCE Four Seasons Private Residences Toronto

For further information:

David Eisenstadt / Wendy Petcoff
The Communications Group Inc.
1-800-267-4476 or: 416-696-9900 ext. 36 / 29
deisenstadt@tcgpr.comwpetcoff@tcgpr.com

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