Six months since the announcement that Lanterra Developments would be purchasing the Sutton Place Hotel, InsiderCondos finally received the details on the project. Inspired by British Architecture, the Sutton Place Hotel will be named The Britt Residences at Bay and Wellesley.

InsiderCondos and a dozen other agents were invited to London, England to be part of the unveiling. We are writing this blog post from London to give our readers the juicy details. Unfortunately, we are not able to show high quality pictures since we had no scanner! We do have our trustworthy iPhone with us though.

And now, without further ado, here is the first rendering of The Britt Condos to hit the web!

As you can see, the transformation is drastic. The run down concrete exterior of the Sutton Place Hotel has been removed. Lanterra is adding an additional 9 floors to the current 31 Storeys and transforming the podium with residential suites, amenity space, and retail. They are adding large floor to ceiling windows that will have a blue tint as well as balconies to the majority of the suites. The amenities will be on the Ground Floor, Second Floor, and on top of the podium.

The podium of The Britt Residences will be 8 Stories tall and will be lined with sleek lines of stone and steel that make a classic statement of distinction. As it currently stands, the Sutton Place Hotel is only tower, no podium. The large podium on Bay St and Wellesley St does not exist. It will be added by Lanterra.

Floors 32 to 41 will be an addition to The Britt Condos. The builder is still getting the permits in place for the addition. The top floors will be larger then the lower floors and will contain balconies for all suites.

Our favourite amenity is the outdoor pool. Its amazing how popular the outdoor pools are and they add incredible value to condos. Since consumers care less about the size of their suite, it becomes very important to have great amenities. Luckily, The Britt has an amazing set of amenities that will impress even the most demanding buyers.

We would love to show you more so if your interested in The Britt Condos, let us know.

FYI, prices and floor plans are available. We will post them when we return from London.

What are your thoughts on The Britt Condos?

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.