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Real Estate


The Four Seasons has closed and will become—you guessed it—a condo tower

The new Four Seasons in Yorkville, set to open this summer (Image: screen grab from Yorkville Residences website)

Luxury-loving Torontonians should brace themselves for a spring of deprivation: for the next four months, the city will be without a Four Seasons Hotel (horrors!). The iconic old Four Seasons, which has stood at the corner of Yorkville Avenue and Avenue Road since 1978, officially closed yesterday when its last guest checked out. Comrost-Felcorp Inc. has bought the building, with plans to gut it, add a glass base with restaurants and shops and turn the 380 former hotel rooms into 490 condos (which makes it sound like the condos will be rather small). Meanwhile, the hotel’s successor, a 55-storey tower nearby with a $28-million penthouse, isn’t slated to open until August. No word on where Colin Farrell and the Jonas Brothers will hang out until then. Read the entire story [Toronto Star] »