TORONTO, May 8, 2015 /CNW/ - International Shanghai-based megastructure developer Greenland Group announces ambitious plans to imprint Toronto's Theatre District with a marquee condo-hotel and Canada's first theatre museum.
Breaking ground May 8th, plans for the historic Westinghouse site include a 122-key luxury boutique hotel, 44 and 48-storey residential towers, and the highest heritage facade ever revitalized in Canada.
Marking skylines with ultra high-rise developments and communities that enhance quality of life; Greenland is building four of the top ten tallest buildings in the world, with 23 ultra high-rise buildings currently built or in construction.
Recently announcing plans to transition into a publicly traded company, the global Fortune 500 conglomerate will be China's largest listing this year as part of its globalization strategy, which includes diversified holdings spanning real estate, energy, finance, technology and infrastructure.
Greenland Group (Canada) President, Henry Cao says, "2015 is an exciting year for Greenland. We are pleased that this is the time we have chosen to break ground on our first project in Canada."
Recognizing Canada's potential as a growing, highly stable market, King Blue by Greenland is the group's first project in its strategic expansion. International markets include the United States, United Kingdom and Australia, with monumental projects in development such as the Greenland Centre in LA and Brooklyn New York's Pacific Park.
Henry Cao says, "Canada has proven to be a strong real estate market and we envision a future here that allows us to contribute to this economic prosperity. Not only are we pleased to launch real estate projects in Canada but also to create jobs such as the opening of a new downtown hotel. Canada has been very welcoming and we are pleased to bring our expertise to this market."
Commited to fostering Canadian culture, plans for the site include a new 10,000 square-foot permanent home for Theatre Museum Canada aiming to become a new centerpiece for Toronto's Theatre District.
With over 70 luxury hotels globally, Greenland is dedicated to making an economic contribution in every city they build. Research indicating the need for more hotel rooms in Toronto's core resulted in the decision to launch the first Primus hotel brand in Canada in support of the tourism economy.
Primus Toronto will feature oversized luxury suites and on-site conference facilities, a rooftop terrace with pool and lounge. The seven-storey luxury hotel will be fully owned and operated by Greenland Group (Canada) and will employ approximately 120 permanent staff.
Internationally recognized hospitality team CHIL by B+H led by Patrick Fejér, will execute the hotel design. Interiors featuring a progressive approach for the King West will focus on a one-of-a kind guest experience.
Soaring towers feature architecture and interiors from renowned Toronto based teams IBI Group Architects / Page + Steele, B+ H Architects and Munge Leung infusing luxury amenities and spaces focused on community and vertical living. Modern studio, one, two and three bedroom units will range from 300 – 1400 sf.
Sales of King Blue by Greenland have been positive since October, with occupancy slated for 2018. The project will bring 910 new residences ranging from $299,000 to $1,000,000 to the desirable, internationally recognized downtown address.
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SOURCE Greenland Group (Canada)
For further information: MEDIA CONTACT, kg&a, 416.537.0954, Kim Graham, [email protected], 416.543.6608; Ira De Ritis, [email protected], 917.865.0668; Vakis Boutsalis, [email protected], 416-578-1741