The Sutton Place Hotel recently announced the sale of the Hotel to Lanterra Developments. Sutton Place has been one of the top hotels in Toronto for decades. It holds the presitigious AAA 4-Diamond Award for the Toronto location and a AAA 5-Diamond Award for the Vancouver location. Sutton Place is an internationally recognized hotel brand & has seen some of the top celebrities grace its doors.
Unfortunately, the Toronto location at 955 Bay St has been run down. The hotel is in need of a drastic make over and can no longer run at its present condition. That being said, Lanterra Developments just announced that it has acquired the Sutton Place Hotel. They are planning on completely renovating the Hotel and turning it into a condo site.
The changes planned for the Sutton Place Hotel are:
1) Adding Balconies
2) Increasing the number of floors
3) Increasing the height of the floors
4) Completely renovating and modernizing the entire building (Inside & Out)
There have been a few other condo conversions in the last year. You may be familiar with Imperial Plaza Condo at Avenue & St. Clair or the Four Seasons Condo in Yorkville. Compared to the other conversions, the Sutton Place Condo project is miles ahead. Most conversions did nothing more then renovating the rooms but if the Sutton Place Condo turns out as planned, it will be a much better project.
To stay in the loop on the Sutton Place Condo project, register with us.