-With an expected reopening in 2020, the completed project will feature 219 luxury hotel rooms, 65 luxury rental apartments, high-end retail and more -
TORONTO, April 2, 2019 /CNW/ - Oxford Properties Group ("Oxford"), the global real estate arm of OMERS, today revealed designs for its redevelopment of Park Hyatt Toronto. Long considered to be one of the most venerable sites in Toronto, and one of the most iconic addresses, Park Hyatt Toronto will be fully modernized through Oxford's plans that will restore the buildings to their true landmark status. The plans create 65 luxury rental apartments at Two Avenue Road, the site's heritage South Tower, 40,000 square feet of high-end retail and restaurant options throughout the complex, and a 219-room luxury Park Hyatt hotel in the site's North Tower. The heritage-designated South Tower will be completely retained and restored, making it the first high-rise in Toronto to be totally retained in an adaptive re-use project, preserving it for generations to come. The project is already under construction and slated to re-open in early 2020.
"Oxford's goal is to connect people to exceptional places, and our plans for the new Park Hyatt hotel will deliver that for Toronto residents and visitors alike," commented Tyler Seaman, Head of Hotels and Multi-Residential, North America at Oxford. "We felt a deep sense of obligation to create a vision that not only respects and embraces Park Hyatt Toronto's storied history, but one that also reflects Toronto's emergence as a truly global city. The Park Hyatt hotel is set to deliver one of the best hotel experiences in Canada, and the residences at Two Avenue Road will provide a unique opportunity to live in the historic and beautifully transformed heritage South Tower."
The interiors of both The Residences at Two Avenue Road and Park Hyatt Toronto are being designed by the world-renowned Studio Munge. The project's design palette, materials and finishes are a celebration of Canada that will provide hotel guests and residents a true sense of place. Both the hotel and residences feature local Canadian materials throughout including limestone flooring sourced from Owen Sound.
"The design of Park Hyatt Toronto and The Residences at Two Avenue Road is rooted in creating a true sense of place by connecting the iconic experience with Canada's undeniable beauty. With this fundamental principal, we found inspiration in the Group of Seven who also drew from nature. We admired how they captured their surroundings within art, and we evolved this concept into its design. The essence of Canada's landscapes and diverse seasons are modernized throughout every area and enhance the guest's journey as they move from public spaces to intimate guestrooms and residences. Bespoke details such as carpet designs informed by autumn leaves, and Canadian-stone performing as expressive accents honour what the country has given to us," added Alessandro Munge, Principal, Studio Munge.
The project's architecture is being designed by KPMB Architects, known for its heritage work including the Royal Conservatory of Music and the ongoing revitalization of Toronto'sMassey Hall. Oxford specifically chose two Toronto-based but globally renowned firms for this project, KPMB Architects and Studio Munge. The companies' local roots helped ensure the importance and heritage of the original Park Hyatt Toronto site was conscientiously reflected in its new form.
The Residences at Two Avenue Road will feature 65 one- and two-bed rental apartment units, including five penthouse suites, which will range between 900 and 1,800 square feet. Pre-registration is now open for the Residences. Residents will enjoy an unrivalled experience through a 24-hour concierge service, complimentary access to Park Hyatt Toronto's fitness centre and al fresco dining on the 2,500 square-foot outdoor terrace outfitted with an adjoining luxury kitchen. The apartments enjoy the luxury finishes and appliances that befit the building's history and reputation, including floor-to-ceiling kitchen cabinetry, and offer some of the finest and best protected views in Toronto.
Residents of Two Avenue Road and guests of Park Hyatt Toronto will enjoy the unique opportunity of having one of Toronto's most famed bars in their building, with the hotel's newly renovated rooftop lounge reopening atop the heritage South Tower. Long considered a Toronto institution, the new lounge increased outdoor patio space, restoring it to its size prior to its 1990 redesign
The 219 Park Hyatt hotel guestrooms in the North Tower will include 38 well-appointed suites, including a presidential and two multi-level suites, a redesigned lobby experience and a new 8,000 square foot Stillwater Spa with 13 treatment rooms. The connecting pathway between the North and South towers will be replaced by an expanded multi-level podium that will house the hotel lobby, a ground-level premium-upscale 10,000 square foot restaurant with a roof deck overlooking Yorkville, and 14,000 square feet of meeting and event space, including a new, 600-person capacity ballroom.
The complex will also feature 20,000 square feet of prime retail in the restored heritage South Tower with 100 feet of frontage along each of Bloor Street and Avenue Road. The retail space will comprise two floors of 10,000 square feet, with the second floor enjoying double height ceilings that give the opportunity for 30-foot clear heights with a mezzanine level.
"Our plans for the Park Hyatt hotel restore it to its intended original purpose when the building first opened in 1936 as a mixture of hotel rooms and residential apartments," added Mark Cote, Head of Development – Canada, at Oxford Properties. "We're proud to be updating another world-class landmark to Toronto that has a strong focus on Canadian-sourced materials. Park Hyatt Toronto is one of 12 outstanding development projects we have underway across Canada from Vancouver to Quebec City that will deliver exceptional experiences for our customers and communities."
For more information about the Park Hyatt Toronto project, and to pre-register interest in The Residences at Two Avenue Road, please visit www.TwoAvenueRoad.com
About Oxford Properties Group
Oxford Properties Group connects people to exceptional places, and is the owner, developer and manager of some of the world's best real estate assets. Established in 1960, it manages approximately C$60 billion of assets across the globe on behalf of its co-owners and investment partners. Oxford's portfolio encompasses office, retail, industrial, hotels and multifamily residential and spans more than 100 million square feet in global gateway cities across four continents. A highly disciplined and thematic investor, Oxford invests in properties, portfolios, development sites, debt, securities and platform opportunities across the risk-reward spectrum. With its global headquarters in Toronto, Oxford operates out of over 15 regional offices including New York, London, Luxembourg, Singapore and Sydney. Its long-term approach to real estate investment aligns Oxford's interests to its customers and the communities in which it operates. Oxford is the global real estate arm of OMERS, the AAA credit rated1 defined benefit pension plan for Ontario's municipal employees.
Park Hyatt hotels provide discerning, affluent business and leisure guests with elegant and luxurious accommodations. Guests of Park Hyatt hotels receive highly attentive personalized service in an intimate environment. Located in several of the world's premier destinations, each Park Hyatt hotel is custom designed to combine sophistication with unparalleled enrichment. Park Hyatt hotels feature well-appointed guestrooms, meeting and special event spaces for groups, critically acclaimed art, food and beverage programs, and signature restaurants featuring award-winning chefs. There are currently 40 Park Hyatt hotels in the following locations: Abu Dhabi, Bangkok, Beaver Creek, Beijing, Buenos Aires, Busan, Canberra, Changbaishan, Carlsbad, Chennai, Chicago, Dubai, Goa, Guangzhou, Hamburg, Hangzhou, Hyderabad, Istanbul, Jeddah, Maldives, Mallorca, Melbourne, Mendoza, Milan, Moscow, New York, Ningbo, Paris, Saigon, Sanya, Seoul, Shanghai, Siem Reap, St. Kitts, Sydney, Tokyo, Toronto (under renovation), Vienna, Washington, D.C., Zanzibar, and Zurich. For more information, please visit parkhyatt.com. Follow @ParkHyatt on Facebook, Twitter and Instagram, and tag photos with #LuxuryIsPersonal.
1 By DBRS
SOURCE Oxford Properties Group Inc.
For further information: Media Contact: Daniel O'Donnell, Director of Media, Oxford Properties: [email protected]