Toronto Trump Tower -  Trump International Hotel & Tower, Toronto

Trump Tower back on track

Toronto: After putting the original plan on hold for nearly 2 years Donald Trump vows to go ahead with a 68-storey, $500M luxury hotel and condominium tower at Bay and Adelaide streets in Toronto's Financial District. Construction is expected to start early in 2005 with completion targeted for 2008.

In a recently published statement Trump says this building will "redefine the Toronto skyline and enrich the lives of those privileged enough to live there". Indeed, a rooftop spire should bring the final structural height of the building to 308 meters, making it Canada's tallest. And with hotel suites ranging in price from $470,000 to $4 million, and condos at $2.5 to $18 million, one would expect an enriching experience.

The original plan was to be a collaboration with Ritz Carlton, but the hotel group pulled out in 2002. According to Trump spokesman Jeffrey Goodman however, the building's financing is now "solid" with four major investors, including Trump and Talon International Developments, with Trump operating and managing the property.

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