Trump Partner Purchases $500 Million Toronto Development Site
TORONTO, ON (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.
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
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
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.
About the Development
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.
The 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.
For further information, please
contact: Barry Landsberg, Trump International Hotel & Tower,
Detailed fact sheets and electronic
images are available at
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