May 30, 2011
According to the project’s developers, an international buyer has reportedly purchased the West Penthouse at the new Four Seasons Hotel and Private Residences for $28 million (CAD), making it the most expensive condominium residence ever sold in Canada.
The West Penthouse will soon occupy the top floor of the 55-storey West Residence building. It will encompass a head-spinning 9,038 square feet of living space (get out your calculators, that’s a whopping $3,098 per square foot) and will apparently offer panoramic views of Toronto, 12 foot ceilings, a floor-to-ceiling glass galleria and four (!) corner terraces.
Currently under construction at the northeast corner of Bay Street and Yorkville Avenue in Toronto, Four Seasons Hotel and Private Residences will undoubtedly be a landmark mixed-use development. The final product will be a luxury hotel and 210 private residences in two sleek 55- and 26-storey towers. Initial occupancies for the Menkes Development Ltd. and Lifetime Developments project are slated for next summer.