Trump Partner Purchases Toronto Development Site

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.
The site 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 when completed.

“We’d 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.”

The Tower’s 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.

Adds 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.”

Hotel 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
world’s most innovative construction services firms.
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