Partner Purchases $500 Million Toronto Development
(September 29, 2004) The Trump International Hotel &
Tower, Toronto development took another great stride
towards reality when Trump Organization partner,
Talon International Development Inc. acquired the
building site at Bay & Adelaide in downtown Toronto.
The land was purchased from the Bresler family of
Toronto, for an undisclosed sum.
at 325 Bay Street will be home to the $500-million
Trump International Hotel & Tower, Toronto a
68-storey mixed use five-star hotel and residential
property currently under development. The building
will be the tallest residential building in Canada
like to thank the Bresler family for their support
and cooperation in reaching this agreement, stated
Talon CEO, Val Levitan. This land purchase
demonstrates our commitment to the long-term success
of this project.
Towers presentation centre, located on the site
itself, opened in May and has drawn the attention of
local and international buyers and investors who are
attracted by the potential investment opportunity
the Trump Toronto project provides.
Levitan, we've been pleasantly surprised by the
interest shown from purchasers in the US, UK and
Asia especially from those who travel to
Toronto frequently for business. They've seen how
much success Trump Chicago had earlier this year and
how quickly values have appreciated. They're almost
as excited about the building as we are.
condominium suites start at CAD $652,000 and
residential suites start at CAD $1.6 million.
Trump International Hotel & Tower, Toronto, is a
joint venture between Donald J. Trump and Talon
International Development Inc. Located at the corner
of Bay and Adelaide in the heart of Toronto's
financial district, the Tower will be the tallest
and most luxurious residential building in Canada at
68-storeys and over 1,000 feet high. The property
features 265 luxury hotel guestrooms and 109
residential condominiums available for purchase. The
building was designed by the renowned Toronto-based
firm of Zeidler Partnership Architects and will be
built by EllisDon, one of the worlds most innovative
construction services firms.
Trump Organization specializes in five-star real
estate development and will operate and manage the
hotel. The project will be the Trump Organization's
fourth Trump International Hotel & Tower and the
first outside the United States. Talon is a
Canadian-based investment company whose shareholders
have holdings in a variety of industries ranging
from natural resources to high technology to real
estate development throughout Canada, the United
States and the United Kingdom.