With the announcement that Toronto-based luxury hotelier FOUR SEASONS is building a new $325 million/55 storey/2 tower flagship hotel and condo in Yorkville... it seems timely to ask if other cities are experiences this type of hotel/condo combo boom.
The ecomonics of building seem to be driving force behind this strategy, but one wonders just how many luxury projects a medium-sized city can absorb.
Penthouses at the Ritz are $11 million a pop, and the Donald has one going for $18 million.
The pic below identiifies some of the very high-end combo projects that are creating the luxury clutter (smaller ones are built or u/c. Note the Ritz should be 53 storeys).
So.... besides Chicago and NYC, is the phenomenon unfolding in other cities?
(original Sapphire drawing: Cassius Adams)
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