LuxuryRealEstateFeb.28.12

7/31/2019 LuxuryRealEstateFeb.28.12

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he momentum just keeps

building in Torontos ul-tra-luxury condominiummarket. Ater a decade o ongo-ing development, Canadas larg-est city continues to transorminto a sophisticated metropolis

where those with a taste or thebest in luxury living can enjoymore choices than ever.

The range o options broad-ened even urther last year withthe launch o six new luxurydevelopments, namely theAvenDale by Minto, YorkvillePlaza, Exhibit, 36Hazelton and133 Hazelton. The Residences atthe Ritz-Carlton also opened oroccupancy last year the citysrst condominium residenceanchored by a ve-star hotel.

Overall, the condo market

in Toronto was very strong in2010, says Ben Myers, editor andexecutive vice president at Urba-nation, a Toronto research rmthat ocuses on the condomini-um market. As a result, we sawbuilders bringing in these newluxury developments in 2011.

A number o other much-awaited projects are also expect-ed to be ready or move in this

year, including the Four SeasonsPrivate Residences, Pears on theAvenue and Shangri-La Toronto,another ve-star hotel and con-do project. The condominiumsat Trump International Hotel &Tower Toronto, which opened itshotel operations last month, arealso scheduled to welcome itsresidents later this year.

For luxury condo buyers, theseand other developments add upto not only more, but also muchbetter, choices.

Its an interesting time in theToronto luxury market becauseall these major hotel brands andhigh-end condo projects areunder development at the same

time, say Mimi Ng, vice presi-

dent o marketing at MenkesDevelopments Ltd., whosehigh-end portolio includesFour Seasons Private Residencesand Pears on the Avenue. And

within a short span o 12 to 18months, youre having all thesebrands deliver at around thesame time.

Another notable eature oTorontos expanding luxurycondo market, says Ms. Ng, is thegeographic distribution o theprojects. While a ew are concen-trated in the Yorkville area, therest are scattered throughoutToronto, in highly prized neigh-bourhoods such as the Annex,Forest Hill and Lawrence Park.

As the luxury market contin-ues to develop, buyers will have

more options not only when itcomes to brands, but also whenit comes to location, says Ms.Ng.

Barbara Lawlor, presidentand broker o record at BakerReal Estate Incorporated theexclusive listing broker or theResidences at the Ritz-Carlton says the arrival o ve-star hotelbrands has had a tremendousimpact on Torontos real estatemarket. For builders, it hasraised the bar or what it meansto develop a true luxury project.For buyers, it is a sure sign thatToronto is, nally, coming o ageas a world-class city.

Theres certainly no shortageo buyers in this rareed market.Ms. Lawlor says she continues

to see great interest in luxurycondos among business people,

young proessionals and babyboomers. The latter group, inparticular, is driving the demandor high-end homes right in thecity.

Traditionally, we have seenluxury products accounting

or about eight per cent o the

condominium market, she says.I am optimistic that will grow todouble-digits as more boomersinherit their parents wealth.

Ms. Lawlor also notes a grow-ing interest rom buyers abroad.

There is a great deal o in-ternational interest in Toronto,and not just rom people whoare looking or a second, third orourth home, or an investmentproperty, she says. Interna-tional buyers are being drawn bythe prestigious hotel brands andby Torontos global reputationas an economically conservativecity, where the banks have doneso well in taking us through therecession that has hit the worldso hard.

With a number o the citys

large-scale projects now close tocompletion, and several more such One Bloor and Bisha Hotel &Residences set to nish withinthe next two years, the market isnow shiting towards smaller bou-tique buildings, says Mr. Myers.

As examples o this shit, hecites Burnac Groups 277 Dav-enport with only 10 units andMizrahi Khalilis 133 Hazelton with36 units.

Were going to see more othese boutique projects wherethe smaller ootprint makes iteel more like youre living in ahouse, he says. The marketsalways changing, and this is justanother step orward in its evolu-tion.

Spcal

Luxury real estate

t u e S D A Y, f e b r u A rY 2 8 , 2 0 1 2 section e

An informAtion feAture

Moving up?Youre in good company. Torontos luxury realestate market is booming. For those with the means,theres plenty in store.

Pictured at the Residences at the Ritz-Carlton, realestate broker Barbara Lawlor says the arrival offive-star hotel brands is a sure sign that Toronto iscoming of age as a world-class city. photo: Michelle Siu

A ase f fe lvg. Beyond offering beautiful spaces, gener-

ous amenities and prime neighbourhoods, select ultra-luxury

condominiums also promise condo owners extraordinary dining

experiences right where they live. Page E2

Upscale uba dgs, famly syle. With families increasingly flock-ing to Toronto, drawn by its wealth of good schools and its

reputation as a safe place to raise kids, developers are responding

with upscale condos designed with flexibility in mind. Page E4

Desg wse pjecs. A far cry from yesteryears boring boxes,

Torontos new breed of ultra-luxury condominiums is transformingthe city skyline with strong architectural statements. Page E4

INSIDE

ts rr as rdd RandaAnn cmmnans in. (.randaann.m) n njnn adrsng darmn f t G and Ma. Andra DAndrad Sas Managr, Sa Rrs and N prd Dmn, [email protected].

As the luxury market

continues to develop,buyers will have moreoptions not only whenit comes to brands,but also when itcomes to location.

Mimi Ng,Vice President of Marketing,Menkes Developments Ltd.

ExtrA: SUn DEStinAtionSThinking of investing in a luxury home down

south? Look here. Pages E9-10


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t the Ritz-Carlton To-rontos TOCA by tombrodi restaurant, its not

unusual or regulars to come inseveral times a week. In act, itsnot surprising, given that someo these regulars literally live justabove the restaurant, in the Resi-dences at the Ritz-Carlton therecently opened condominiumproject anchored by the presti-gious hotel.

For city dwellers with a taste

or ne living, ultra-luxurycondominiums such as the Resi-dences at the Ritz-Carlton satisymore than an appetite or beauti-ul spaces, generous amenitiesand prime neighbourhoods; theyalso promise condo owners ex-traordinary dining experiences right where they live.

Its one o the convenienceso living in the same buildingas a ve-star hotel: you have

world-class dining right at yourdoorstep, says Tim Terceira,general manager o the Ritz-Carl-ton Toronto. We have residentialowners who probably dine twoto three times a week in therestaurant. We get to know themby name, and were amiliar withtheir preerences.

For condo owners, living rightabove a culinary destination alsomeans being able to enjoy nedining right in their own homes,says Mr. Terceira.

They can call down and orderrom the in residence diningmenu, he says. We can also pro-

vide a private dining experienceright in their suites, where weprepare the dishes in the restau-rant and provide ull service inthe clients dining room, just as i

they were in the restaurant.The promise o extraordinary

dining begins with a che o nepedigree. TOCAs che de cuisineis Tom Brodi o Canoe ame. AtTrump International Hotel &Tower Toronto, the kitchen atSTOCK is helmed by another Ca-noe Restaurant & Bar alumnus,Todd Clarmo, also acclaimed orhis tenure as resident executiveche at Auberge du Pommier.

Its a bonus or residents tohave a ne dining establishmentright at their doorstep, says Mr.Clarmo, executive che at STOCK.From a party or two to 22, itsso easy or them to come to therestaurant. We can also cook inor residents and do a show, or

we can just cater in a meal.

At Four Seasons Private Resi-dences Toronto, which is set toopen this summer, condo owners

will be just steps away rom CaBoulud, by the award-winningNew York che and restaurateurDaniel Boulud.

Four Seasons will also eaturea Daniel Boulud signature barcalled d Bar a brand the French-born che is creating specicallyor Toronto.

Another hotel-condo proj-

ect expected to open this year,the Shangri-La Toronto, stirredup excitement among oodiesrecently when it announced it

will open a Momouku restau-rant, led by New York che DavidChang.

Its not only ve-star projectsthat are enticing residents withne dining options. CamrostFelcorp Inc.s Imperial Plaza has10,000 square eet on groundlevel allocated or a restaurant,says director o marketing Rich-ard Mariani. Camrost Felcorpalso has plans or a restaurant atYorkville Plaza, which will trans-orm the ormer Four Seasonsbuilding on Avenue Road into a32-storey private residence with511 suites.

ow, condo hunters look-ing or more reasons tobuy luxury can relax and

breathe a sigh o relie, with plea-sure. Several o Torontos hottesthigh-end properties eature ull-service spas accessible to residents

just steps rom their homes.From ve-star projects such as

the Four Seasons Private Resi-

dences and Residences at the Ritz-Carlton to resort-style propertiessuch as Bluwater Condominiumsin Oakville, luxury living is deliv-ered, in part, through indulgentmassages, acials and other spaservices.

State-o-the-art tness acilitiescomplement these indulgences.

Imagine being able to justcome down the elevator, withouthaving to put your coat on, and

get a great massage or have yournails done, says Todd Hewitt, se-nior spa director at Four Seasons,

which is set to open this summerwith the citys largest luxury spa,at 30,000 square eet. Imaginehaving access to a state-o-the-arttness centre 24 hours a day you

just put your key card in the doorand work out any time you want.

In addition to an extensivespa menu and advanced cardioequipment all equipped withinteractive simulation programs,Four Seasons spa designed byrenowned interior designer YabuPushelberg will also eatureskincare lines exclusive to thehotel in Toronto, says Mr. Hewitt.

Tim Terceira, general managerat the Ritz-Carlton Toronto, whichopened last year, says many own-

ers at the Residences at the Ritz-Carlton are regulars at the hotels20,000-square-oot spa, pool andtness centre.

Our residents denitely takeadvantage o the spa, he says.Many o our owners work andare very successul, and typicallythat means busy lives. With a sparight where they live, they can

literally come in any time duringthe week.Residents oten become amil-

iar with spa sta. Its not unusualor them to text spa personnelasking i they could come in or aservice, says Mr. Terceira.

Living here, they develop theseproessional relationships withour sta, he says. They lovebeing able to just text us to let usknow what they need.

E2 An informAtion feAture t h e g l o b e a n d m a i l t u es d aY , f eb r u a rY 2 8 , 2 0 12

luxuRy ReAl eStAte

Chef Todd Clarmo, formerly of the acclaimed Canoe Restaurant & Bar and Auberge du Pommier, now heads the kitchen at STOCK, the premier restaurantat the Trump International Hotel & Tower Toronto. photo: Michelle Siu

CoNDo mENu

Market selectionsThree residences to whet yourappetite:

Residences at theRitz-Carlton

Named in part ater its che de

cuisine, TOCA by tom brodiserves up classic Canadian aremade with locally sourced in-gredients and inused with Mr.Brodis distinct but approach-able style o cooking. A cheesecave takes pride o place atTOCA, as does the ches tablelocated right in the kitchen.

Trump InternationalHotel & TowerSTOCK Restaurant Bar &Lounge delivers not onlyimpeccably prepared cosmo-politan dishes such as reshpoached lobster salad andcabernet-braised bee shortribs but also a breathtakingview o the city, thanks to itslocation on the 31st foor. Won-dering about the wine list? Just

take a look at the 1,000 bottlesdisplayed foor-to-ceiling inSTOCKs wine wall.

Four Seasons PrivateResidencesIts a brand venerated amongoodies, with locations inNew York and Palm Beach.Now Ca Boulud createdby French-born che DanielBoulud is making its way tothe Four Seasons this summer.Watch or a menu inspiredby Che Bouluds our muses:classic French cuisine, seasonaldelicacies, the vegetable gar-den and international cuisine.

133 Hazelton

Buyers coming home to thisgraceully curved building willnd a comprehensive menu oamenities. A guest suite lets resi-dents welcome visitors in exclu-sive accommodations. A spaciousevent room eatures ull-scaleliving room, dining room and ca-tering kitchen, while a screeningroom comes equipped with giant

screen, leather recliners andtech toys such as Wii, PlaySta-tion and Xbox. Topping it all ois a tness centre with weights,equipment and studio or privatetraining, yoga or Pilates.

Four Seasons PrivateResidences

Luxury living in a prestigioushotel-condo property meansnothing less than ve-staramenities. At the Four SeasonsPrivate Residences, the longlist includes 24-hour concierge,doorman and valet parkingservices as well as housekeeping,in residence dining and business

services provided on an la cartebasis. Residents will also be stepsaway rom world-class dining atCa Boulud, and the citys larg-est luxury spa and tness centre,covering 30,000 square eet.

Imperial Plaza

At 20,000 square eet encom-passing the entire ootprint othe Imperial Plaza building theImperial Club is an amenitiescentre designed to impress. Fromthe pool complex with its swim-ming pool, hot tub and his-and-hers steam room, to the tnessacility equipped with leading-edge cardio and circuit training

equipment, the Imperial Club iscertain to be the place to hangout in this revitalized landmarkbuilding. The Imperial Clubalso has two screening rooms, amedia lounge, squash courts, agol simulator, and even a soundstudio or musicians who wishto jam out o their neighboursearshot.

Residences at theRitz-Carlton

The rst o the ve-star hotel-condo projects to open in thecity, the Residences at the Ritz-Carlton is living up to its promiseo ultra-luxurious space, styleand services. Classic Canadiancuisine composed rom resh,locally sourced ingredients is

just an elevator ride away at

TOCA by tom brodi. A 23,000-square-oot spa and tness cen-tre oers a ull menu o services,delivered in 16 treatment roomsand 10 stations or manicure,pedicure, hair and makeup. Thecentre also houses state-o-the-art tness equipment, pools,saunas and relaxation lounges.And o course, since this is theRitz-Carlton, residents can ex-pect world-class services such asconcierge, housekeeping, in resi-dence dining and valet parking.

Blythwood atHuntington

One might argue that its sur-rounding ravine system, withits lush trees and picturesque

walking trails, is the best amenityat the Blythwood at Huntington.But Tridel, Blythwoods devel-oper, has also ensured that resi-dents will enjoy a wealth o rec-reational acilities both indoors

and out. A spacious party roomand outdoor terrace make it easyto take social gatherings beyondthe residential suites, while guestsuites help owners accommodateovernight guests. Blythwood alsoincludes a well-appointed tnesscentre, complete with equipmentand weight room, yoga studio,swimming pool and steam room.

Hot propErtIES

SErvICES

Generous amenities among unique points of difference

Time out: luxe residences highlight new spas

GourmEt DINING

New residences cater to a taste for fine living photo: chRiStopheR cypeRtThey can call down andorder from the in resi-dence dining menu. Wecan also provide a pri-vate dining experienceright in their suites,where we prepare thedishes in the restaurantand provide full servicein the clients dining

room, just as if theywere in the restaurant.

Tim Terceira,General Manager,Ritz-Carlton Toronto

At the Ritz-Carl ton Toronto, owners have ready access to a palatial20,000-square-foot spa, pool and fitness centre. photo: chRiStopheR cypeRt


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STARTING FROM $1.9 MILLION | BY APPOINTMENT ONLY | 50 SCOLLARD STREET | 416.775.7500 | YORKVILLERESIDENCES.COM

COMPLETION SUMMER 2012.

Four Seasons Private Residences Toronto are not owned, developed or sold by Four Seasons Hotels Limited or its aff iliates (Four Seasons). The developer, Bay-Yorkville Developments Ltd., uses the Four Seasonstrademarks and tradenames under a license from Four Seasons Hotels Limited. The marks FOUR SEASONS, FOUR SEASONS HOTELS AND RESORTS, any combination thereof and the Tree Design areregistered trademarks of Four Seasons Hotels Limited in Canada and U.S.A. and of Four Seasons Hotels (Barbados) Ltd. elsewhere. Prices, sizes and specifications are subject to change without notice. E. & O. E.Photographs and illustrations are representational.

DO YOU WANT

A RESTAURANT,

OR WOULD YOU

PREFER A

DANIEL BOULUD

FOUR SEASONS

RESTAURANT?

Theres a huge difference and, as a home owner at Four Seasons Private Residences

Toronto, its a difference youll experience whenever you step downstairs for dinner.

Chef Daniel Boulud is one of the worlds preeminent chefs and restaurateurs. His

dining establishments in New York, and throughout the world, have consistently

earned rave reviews, critical acclaim and numerous awards. And now hes here,

in Toronto, at Four Seasons Hotel. What can we say except, Bon Appetit. For

further information contact our Presentation Gallery for your private appointment.

Daniel Boulud,

Chef / Restaurateur


4/12


luxuRy ReAl eStAte

sk developers and realtorsabout the typical high-end condo dweller in

Toronto and, chances are, theylltalk about downsizing boomers

and busy proessionals peoplewho want the comorts o a well-appointed home and the conve-niences o a downtown address,

but without all the hassles associ-ated with maintaining a house.

But another type o buyer isalso increasingly moving towardsluxury living in the city: the

amily.In places like New York city,

its the norm to see amilies livingin high-rises because there areplenty o buildings with both thespace and the rooms to accom-modate a amily with children,says Barbara Lawlor, presidentand broker o record at BakerReal Estate Incorporated. I thinkthis is the uture or Toronto.Were starting to see a fedglingamily movement, as more youngproessionals decide they want tostart having children, but want toremain in the city.

Its not just local amilies whoare interested in Torontos luxurycondo scene, notes Ms. Lawlor;international buyers with chil-dren are also drawn by the citys

wealth o good schools and itsreputation as a sae place to raisea amily.

Finding a luxury residencein the city is becoming easier.Low- and mid-range condo

projects generally top out at twobedrooms, with perhaps a den orsunroom thrown in. In the luxuryrange, however, units can be asspacious as a house, with enough

rooms to accommodate a childor two.

Historically, amilies with chil-dren have not been representa-tive o most purchasers o luxuryproducts, says Jim Ritchie, vicepresident o sales and marketingat Tridel, the developer behindBlythwood at Huntington. But aluxury project such as the Blyth-

wood at Huntington can certainlyoer amilies a large home in thecity, with room congurationsthat can be customized accordingto what they need.

A number o other developersare building with the needs oamilies in mind. At the Aven-Dale by Minto, or instance,a number o the larger suites ranging in size rom close

to 3,300 square eet to about4,300 square eet eature threebedrooms and three-and-a-halbaths. At 133 Hazelton, three-bedroom suites and three amily-riendly townhomes have been

incorporated into the project.The units are fexible we

come rom a custom home build-ing background and understandthe importance o listening to

what our customers want andneed, says Sam Mizrahi o Miz-rahi Khalili Developments, whichis building 133 Hazelton. I have aamily with two young children,and when we were designing theproject, we took into consider-ation the needs o a amily withgrowing kids.

This was one o the reasonswhy Mizrahi Khalili chose tobuild in a residential neighbour-hood close to parks and schools,says Mr. Mizrahi. The rm alsotook into account the needs oamilies and children when it wasdesigning the buildings ameni-ties.

For example, in our mediascreening room were puttingin a popcorn maker, and in our

games room well have high-techtoys like Wii, PlayStation andXbox, says Mr. Mizrahi. Youcan easily see someone having aamily-oriented birthday party inthese rooms.

FlExIblE DIGS

Upscale urban abodes, family style

Thanks to its surrounding parks the Imperial Plaza project will position itsresidents in the heart of the city and on natures doorstep. photo: GuSSARiNo

After the Four Seasons vacates, the Avenue Road building will be trans-formed into a new condominium project called Yorkville Plaza. photo: SupplieD

Of Mizrahi Khalilis 133 Hazelton property, developer Sam Mizrahi says, When we were designing the project, we took into consideration the needs of afamily with growing kids. The units are flexible we understand the importance of listening to what our customers want and need. photo: Michelle Siu

FlEx-FrIENDly CoNDoS

Customization reaches newheightWant to have it your way?Consider these condos built-inoptions:

77 Charles West

With penthouse suites cover-ing about 2,700 to more than3,700 square eet, 77 CharlesWest provides plenty o roomor customization. The suites

are designed to accommodatetwo bedrooms plus a den, butthe den can easily be convertedto a third bedroom or letopen as part o the main livingspace. One thing were doingis allowing buyers to custom-ize their own suites, saysChristene DeGasperis, market-ing director at Aspen RidgeHomes. In the luxury market,buyers tend to be so specicabout what they want.

Imperial PlazaTo oer its buyers the ultimatein fexible design, CamrostFelcorp Inc. recently signed upJoe Brennan, o J.F. Brennan

Design/Build Inc., to custom-ize the penthouse suites atImperial Plaza. Buyers will notonly be able to dictate roomcongurations, they can alsoincorporate extras such as asquash court, or even a privateindoor/outdoor swimmingpool. Originally intended tohouse three-storey suites,the penthouse tower atopthe Imperial Plaza has beenredesigned with one suiteoccupying the entire top foorand two-storey suites in theremaining two levels.

uxury condominium liv-ing may be synonymous

with big city lie, but itdoesnt necessarily mean losingtouch with nature. Ater all,Toronto boasts about 7,400 hect-ares o green space and close to1,500 parks.

A number o luxury develop-ers are taking advantage o thesenatural endowments by choos-ing to build in urban neighbour-hoods surrounded by plenty ogreen space.

Tridels Blythwood at Hun-tington, or instance, is right onthe edge o the Sherwood Parkravine system.

Its located in an urbanenvironment, but as you driveinto this community, you willimmediately notice all thelush trees in the area, says Jim

Ritchie, Tridels vice president osales and marketing. So youllbe close to everything the cityhas to oer, but at the sametime you wont be ar rom thenatural environment.

Residents o the Blythwood atHuntington, where suites rangein size rom about 1,417 squareeet to almost 2,500 square eet,

will have easy access to a largenetwork o walking trails, says

Mr. Ritchie.Also, the suites will have ter-races and patios, he says. Hav-ing this setting will make peopleeel like they're not giving uptheir gardens.

Keeping residents connectedto nature was also an impor-tant consideration or CamrostFelcorp Inc. as it was designingits Imperial Plaza project atYonge and St. Clair. The 23-sto-rey landmark building, wheresuites range rom 565 squareeet priced at about $360,000 to6,000 square eet at about$8.4 million, is bound on allsides by parks.

Imperial Plaza will also havea 20,000-square-oot courtyard

with a vast landscape garden

and waterall eature.Therell be so much greenspace, both right on the prop-erty and also in the surround-ing community, says RichardMariani, director o marketingat Camrost Felcorp. Buyers willenjoy the best o both worlds:lie in the city, with nature rightoutside your door.

heyre bold, beautiul andnothing like Toronto hasseen beore. The citys

new breed o ultra-luxury con-dominiums is transorming theToronto skyline with strong ar-chitectural statements a ar cryrom the boring boxes that wereonce typical o condo projects.

Luxury buyers today arelooking or something out othe ordinary, says ChristeneDeGasperis, marketing directorat Aspen Ridge Homes. When itcomes to architecture, they wanta building that makes a strongdesign statement.

Aspen Ridge Homes latestluxury project, 77 Charles West,certainly plays up to this desire.Designed by Yann Weymouth,the chie design architect orthe Grand Louvre project inParis which includes the mu-seums distinctive glass pyramidentrance 77 Charles West is a17-storey crystalline sculpture o

glass, metal and stone anchoredto a base o limestone andgranite.

Yann calls it a jewel boxamidst all these older, estab-lished buildings in the neigh-bourhood, says Ms. DeGasperis.

77 Charles West isn't the onlycondo project in Toronto takinga more adventurous approachto architecture. Exhibit at Bloorand Avenue turned heads whenits developer, Bazis Inc., rst un-

veiled its unique design: a play-ul geometry o what looks likeour enormous cubes stackedand turned at dierent angles.Another Bazis project, EmeraldPark at Yonge and Sheppard ea-tures two green glass towers thatcurve as they reach the sky.

Peter Clewes o architectsAl-liance, the designer behind thenew Four Seasons Hotel Toronto,says that or many years, luxurybuilders believed they needed tostay within the limits o tradi-

tional architecture i they wantedtheir project to succeed.

But it struck me that pur-chase decisions related to itemssuch as a luxury car tend to beinfuenced by modernist andorward thinking tastes, he says.The Four Seasons project re-sponds to this by being orward-thinking in its architectural

language.The towering structure at

Yorkville and Bay is designedto be an impressive yet visuallyquiet building. The glass usedor the building envelope wascareully chosen or its ability toblend into the sky and refect themood o the day, says Mr. Clewes.

Another architectural trendin luxury condominiums seesbuilders breathing new lie intoiconic buildings. For instance,the Avenue Road building thatcurrently houses the Four Sea-sons hotel is being transormedinto a new condominium projectcalled Yorkville Plaza. Cam-rost Felcorp Inc., the companybehind this development, isgaining growing recognition as

a builder with a talent or tak-ing older buildings and, whilepreserving their bones, bringingthem into the 21st century.

The buildings podium levelwill be re-clad in glass or anexciting new look, says RichardMariani, director o marketingor Camrost Felcorp. It willbe a complete rejuvenation oAvenue Road at Yorkville.

Camrost Felcorp is alsorevitalizing the old Imperial Oilbuilding at Yonge and St. Clair,

which was the highest buildingin the city when it was originallybuilt. The new Imperial Plazacondominium project will retainmuch o the buildings 1950sinternational style, includingoriginal material such as marbleand granite. A celebrated diptychmural by York Wilson, entitledThe Story o Oil, will also bepreserved in the lobby.

Its an amazing piece o work,which Group o Seven painter A.Y. Jackson had described as thegreatest thing o its kind everdone in Canada, says Mr. Mari-ani. Were privileged to have itin the building.

GrEEN SpaCE

For select developments, proximityto nature part of the appeal

Design wise, projects take onnew dimensions

I think this is thefuture for Toronto.Were starting to see afledgling family move-

ment, as more youngprofessionals decidethey want to start hav-ing children, but wantto remain in the city.

Barbara Lawlor,President and broker o record,Baker Real Estate Incorporated

arCHItECturE


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Ahighly anticipatednew residence onBayview Avenuecalled Blythwood at

Huntington is now underconstruction. Presented inpartnership by Tridel andConcert, this impressiveproperty overlooking theSherwood Park Ravineoffers unparalleled luxuryfor gracious living.Designed to exceed eventhe most discerningexpectations, Blythwood

at Huntington promisesmeticulously landscapedgrounds and formalgardens, designed by JanetRosenberg and Associates.Over 70 per cent sold,construction has begun onBlythwood at Huntingtonwith occupancy expected forSpring 2013.Just south of Lawrence Park,The Bridle Path and PostRoad, Blythwood at

Huntington artfully blendsinspiration from the worldsleading classic architecturalstyles into a contemporaryand elegant c ommunity.Comprised of 118condominium suites, eachluxurious residence offersexpansive living andentertaining spacesdesigned to suit anuncompromising lifestyle.A selection of spacious

residences range from$1 million to $1.925 million,including Penthouses andTerrace options with a fewsuites left that are pricedfrom $635,000.The suites will featuredesigner-inspired standardsincluding hardwood flooringthroughout the living anddining areas, open conceptlayouts, and soaring 9and10 ceiling heights. Eachsuite comes complete witha custom Irpinia kitchen

with a choice of granite orquartz countertops,premium appliances andcustom-designed cabinetry.Master ensuites will boastspa-like soaker tubs, acustom-designed, freestanding vanity, separatewalk-in showers, andcontemporary fixtures.Suffice to say, the suites arebuilt with a host of amenitiesdesigned to offer carefreeliving at its very finest.The formal, two-storey lobbyoffers guests and residents awarm and inviting entrance,complete with attentiveConcierge and elegant seatinglounge. Beyond the lobby,the party room and outdoorterrace overlooking theravine await, while theprivate dining room andservice kitchen provide theperfect spot for an elegant

soire or informal dinnerparty. A fully equipped fitnessstudio complete withswimming pool, whirlpooland steam rooms are at yourconvenience, and residentshosting out-of-town visitorswill enjoy access to theprivate guest suites.Environmentally responsiblefeatures abound throughoutBlythwood at Huntington,offering residents a healthier,more comfortable livingenvironment. As a result,

Huntington is a LEED

candidate registered with theCanada Green BuildingCouncil to pursuecertification by the LEED

Green Building RatingSystem, the most recognizedcertification system for highperformance greenbuildings in North America.Blythwood at Huntingtonsexquisite PresentationGallery features stunningkitchen and bathroomvignettes created by theaward-winning ChapmanDesign Group.

To view the vignettes, visit theSales Centre at 1900 BayviewAvenue, Monday to Thursdayfrom 11 a.m. to 7 p.m. and onSaturday, Sunday and Holidays

from 12 p.m. to 6 p.m. Call416-485-1900 or visitwww.tridel.com for more details.

ABOUT

Tridel and Concert have joined together to createthe nature-inspired luxury residences of Blythwoodat Huntington. Both award-winning companies sharea passion and commitment to sustainable buildingdesign, unparalleled amenities and respect for thenatural environment.

With more than 70 years of development experienceand 70,000 homes in their impressive portfolio, Tridel isCanadas leading developer and builder of condominiumresidences. As pioneers of visionary, enduring design andexemplary customer care, Tridel continues to set some of

the highest standards in the industry.

Operating in British Columbia, Alberta and Ontario,Concert is an Award winning diversified real estateenterprise with assets in excess of 1.4 billion. Since itsinception in 1989, Concert has built more than 8,500rental and condominium homes and developed andacquired more than 8.1 million square feet of incomeproducing properties. Recognized two times by theCanadian Home Builders' Association with the industry'shighest honour the Grand SAM Award Concert is trulya 'developer with a difference'.

Tridel and Concert together share the vision ofmaking Blythwood at Huntington a reality.

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Lawrence Parks

newest coveted enclave

Above: Blythwood at Huntington swimming poolbove: Blythwood at Huntington exterior

Above: Blythwood at Huntington under construction shot February 8th, 2012

Construction is underway on Bayview Avenue for Blythwood at Huntington

*Prices and specifications are subject to change without notice. Illustrations are artists concept only. Buildingand view not to scale. Tridel and Tridel Built for Lifeare registered trademarks of Tridel and used under license.Tridel 2012. All rights reserved. E.&O.E. February 2012. 17436


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Brought to you by Mizrahi Khalili Development


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hidden gems and your nal opportunity to own within the historic Kilgour Estate.

Prices and specifications are subject to change without notice. Brokers Protected. E.&O.E. All brand names, logos, images, text and graphics are the copyright of

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Discover a beachfront oasis nestled on 8.8 pristine acres of world famous Palm Beach. Here, residences feature bright, gracious layouts,private elevator foyers and expansive balconies with striking ocean panoramas and the uncompromising Ritz-Carlton standard of service.

Experience an everyday life that is no less than extraordinary.

Residences priced from $700,000 to $10,000,000. Financing Available.

TO SCHEDULE A PRIVATE TOUR PLEASE CALL 888.696.2093 OR VISIT THE ON-SITE SALES GALLERY

2700 NORTH OCEAN DRIVE, SINGER ISLAND-RIVIERA BEACH, FLORIDA 33404

Premier Sales Group, Inc., a l icensed real estate broker, is the exclusive sales and marketing agent for Lionheart Capital. The Ritz-Carlton Residences, Singer Island, Palm Beach are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C.2700 North Ocean L.L.C. uses The Ritz-Carlton marks under a license from The Ritz-Carlton Hotel Company, L.L.C. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations,

reference should be made to the documents required by section 718.503, Florida statutes, to be furnished by a developer to a buyer or lessee. This offering is made only by the prospectus for the condominium and no statement shouldbe relied upon if not made in the prospectus. This is not an offer to sell, or solicitation of offers to buy, the condominium units in states where such offer or solicitation cannot be made. Prices, plans and specifications are subject to change without notice.

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| www.TheResidencesPalmBeach.com

An informAtion feAture E9t h e g l o b e a n d m a i l t u es d aY , f eb r u a rY 2 8 , 2 0 12

luxuRy ReAl eStAte

ind yoursel dreaming

o owning a home downsouth? International realestate marketers say a numbero actors avour Canadians nowconsidering buying a primary,

vacation or rental home ar awayrom Ontarios cold winter tem-peratures.

Its really a perect storm orCanadians, says John Sposato,owner and team leader o the RE/MAX Arizona Home Group inScottsdale. Thats the way it hasbeen or the last three years. Yourdollar is at par or better. Youreconomy and banking system arestrong. Prices here are still down40 per cent rom their peak. Thisis a once-in-a-lietime opportu-nity or Canadians right now.

So where are the hot spots to

snap up a home in a sunny desti-nation? Arizona, Nevada, south-ern Florida, southern Caliornia,and Puerto Vallarta, Mexico, are aew o the top choices.

In these markets, you can getquite a lot o house or very littlemoney compared to historicalnorms the undamental buyingcharacteristics or Canadians inthe U.S. have never been betterrom an exchange standpointand rom a pricing standpoint.Its quite an aordable buying op-portunity, says Steve Laver, chieoperating ocer at SothebysInternational Realty Canada.

Las Vegas is one o the mostattractive markets right now orreal estate purchases by Canadi-ans . Its a market where people

can own properties and they cansupport themselves with a rentalincome, says Mr. Laver.

Mr. Sposato says, People areseeing incredible value in primaryhomes, winter homes and invest-ments. He sees many Canadiansbuying homes with a plan torent them out until its time toretire. The rental market is reallystrong right now, he says, notingthat oreclosures transormedmany Arizona residents rombeing homeowners to renters.They moved out, but theyvegot to go somewhere. You havean upper blue collar or white

collar home with a amily o ve,and theyre not going to go romtheir 2,000-square-oot houseto a three-bedroom apartment.

Theyre just going to make a later-al move across the street and rentsomething or less than what they

were paying on their overpricedmortgage, says Mr. Sposato.

Compared to some invest-ments, real estate can pay. Realestate is a great hedge againstinfation. People are seeing a sixto nine per cent return on theirmoney or investment proper-ties. Its hard to nd an eight percent return out there in the stockmarket. Most people realize, hav-ing been at the bottom, theresprobably no place to go but up,says Mr. Sposato.

For many buyers, however,generating a potential nancialreturn on a sun destinationinvestment is secondary. Regard-

less, beore rushing into a deal,its important to consider certainbottom-line actors.

The undamental thing orthe oreign buyer in any juris-diction is to understand the taximpact o your purchase and thelocal, state and ederal char-acteristics rom a purchasersstandpoint, says Mr. Laver.

One o the advantages obeing in Arizona is theres nopurchase tax, theres no salestax, theres no tiered propertytax rate or oreigners vs. Ameri-cans. You would pay the sametax on the same property as I

would, says Mr. Sposato, whoalso suggests purchasing a homein a reputable neighbourhoodin a good school district, even

i youre not using the schoolsystem.

Wherever Canadian snowbirdschoose to land whether its inthe sundrenched desert or on atropic beach paradise there isinherent value in working withinternationally recognized andtrusted real estate organizationsand brands that back qualityproperties.

Doing that and other dili-gence are the best ways to en-sure that when you nd yourselsoaking up the winter sun on

your veranda, yo ull truly revelin that peaceul, easy eeling.

SuN DEStINatIoN propErtIES

Despite a mild winter up north, interest in warmerclimates remains hot

The fundamental buy-

ing characteristics forCanadians in the U.S.have never been betterfrom an exchangestandpoint and from apricing standpoint.Its quite an affordablebuying opportunity.

Steve Laver,Chie Operating Ofcer,Sothebys International RealtyCanada

Attractive prices, a strong dollar and the inherent allure of spending winters in a warmer climate has manyCanadians shopping for real estate down south. photo: iStockphoto.coM


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here is no shortage o sundestination real estate de-velopments that promise

residents an elegant liestyle, un-paralleled amenities and personalservice. The question is, whichones deliver the goods?

Among todays better options one that is just a short fightrom Toronto The Ritz-CarltonResidences, Singer Island, PalmBeach is tough to beat.

Arguably, ew luxury brands inthe world match the Ritz-Carlton.And this particular slice o para-dise is currently one o only sixstand-alone Ritz-Carlton residen-tial properties in the world andthe only one in the sunshine state.

The backdrop itsel is sublime.A pristine, serene, hidden gem,Singer Island is named ater PalmBeach developer Paris Singer one o the sons o Isaac Singer,the amous Singer sewing ma-

chine magnet. Getting to SingerIsland is simple most Canadi-ans can fy direct to Palm BeachInternational Airport and thendrive 15 minutes to this gorgeousresidential retreat, set against apicture-perect stretch o Atlanticbeachront.

Its really an oasis. You justdrive up and its very private. Butyoure close enough to get to thecity. Its just a ew minutes away.You can leave or come back toyour oasis, says Carolyn Block-Ellert, co-owner o Premier SalesGroup, the exclusive sales andmarketing agent or The Ritz-Carlton Residences, Singer Island,Palm Beach.

We have two oceanside towerswith 27 foors each. They have

very gracious foor plans. Everybedroom within the entire build-ing has its own terrace, which isa very unique eature. Everythingis built rom the nest materials,says developer Ophir Sternberg,Lionheart Capital, LLC.

While theres no hotel attached,you still get the red-carpet treat-ment rom the moment you ar-rive at The Ritz-Carlton Residenc-es. Step in the lobby and youresurrounded by opulence andthe scent o resh fowers mixedwith the ocean breeze. Thereare 242 residences ranging rom1,750 square eet to 7,445 squareeet almost all have spectacularoceanront views. Inside, its notyour typical condo its renedelegance. The nishes are exqui-

site with the nest appointmentsavailable. High ceilings, state-o-

the-art kitchens with stainlesssteel appliances, granite counter-tops and Italian custom cabinetryraise the bar even higher.

In addition, you get access toamenities such as valet parking,24-hour concierge services, socialrooms, state-o-the-art tnesscentres, cinema-style privatescreening rooms, libraries, aheated oceanront lagoon pool,two whirlpool spas, and a privatepoolside restaurant. Oceanrontcabanas and enclosed privategarages are also available.

During the day, just step out-side and eel the warm white sandbeneath your eet theres nearly9 acres o beachront to enjoy. Atnight, take a quick drive to posh

Palm Beach and explore the ash-ion, art, and culture nearby its

just minutes away.Everything is nearby. Were

perectly situated minutes romPGA, which is world-amousgolng. Were close to Wellington,which is the Equestrian Capital othe World, and o course high-end shopping at the Palm BeachGardens Mall and Worth Avenue,which is known throughoutthe world or the nest c outureshopping and dining, says Ms.Block-Ellert.

Besides the peace and tranquil-ity o this paradise retreat, theconvenience and ease o own-ing is another benet accordingto Ms. Block-Ellert. First o all,theres nothing to worry about.Everything is completely taken

care o. Its easy. You close thedoor and you go. As an owner o a

Ritz-Carlton Residence, you willalso receive benets at Ritz-Carl-tons throughout the world. Its awonderul careree liestyle.

At least 25 per cent o ownersare Canadians, but others comerom as ar away as Russia andChina to stake a claim in thisglobally recognized lavish brand.Its a magnicent community.We have owners w ho live year-round. Its a perect second homeretreat. We have a diverse agerange we have younger ami-lies as well as older and retiredcouples who use it as their winterresidence, says Ms. Block-Ellert.

Prices range rom $700,000 tomore than $10 million. But i youwant one, youll have to act ast.

Nearly 60 per cent o the resi-dences are already sold.


luxuRy ReAl eStAtetHE rItz-CarltoN rESIDENCES, SINGEr ISlaND, palm bEaCH

A red-carpet lifestyle with no hotel or strings attached

puNta mIta GourmEt & GolF ClaSSIC II

For gourmands and golfers, an invitation to treat

What: Punta Mita Gourmet & Gol Classic II a must-attend eventcoupling culinary easts rom world-renowned ches with gol ontwo award-winning Jack Nicklaus signature courses; A perectchance to discover Punta Mitas stunning resorts and real estate op-portunities.

Who: Sylvain Desbois, executive che o The St. Regis Punta MitaResort and its AAA Five Diamond Carolina restaurant, and Four

Seasons Resort Punta Mita executive che Philippe Piel team up withguest ches rom around the globe including Canadian che BernardCasavant, executive che at The Manteo Resort, Kelowna, B.C.

Where: Punta Mita, Mexicos exclusive beach community along theshores o the Riviera Nayarit.

When: April 12-15, 2012.

Why: Three reasons to go:

1. Enjoy gol on two Jack Nicklaus signature courses and savourgourmet meals orchestrated by talented ches, winemakers andtequila masters.

There is a gourmet side to the gol, says Carl Emberson, generalmanager, The St. Regis Punta Mita Resort. We have live cookingstations every three to our holes so people can have snacks whiletheyre playing gol, or they can have champagne or tequila andothers can just take gol seriously.

2. Explore residential opportunities on Punta Mita including TheFour Seasons Private Villas while soaking up the stunning sur-roundings.

3. Value-packed price. Rates start at $1,390 US per person, per pack-age, which includes three nights accommodations, daily breakast,roundtrip airport transers, guest che lunches and dinners, wineand tequila tastings, cooking classes and gol tournament (twogreen ees/person or two 90-minute massages/person). A portiono the proceeds go to Punta Mita Foundation and Make a WishMexico.

ts not a sun destinationthat is on everyones ra-dar screen. And thats just

part o its appeal.But the lush Punta Mita penin-

sula is certainly among Mexicosmost exclusive resort-residentialdestinations a stunning, saebeach community nestled alongthe shores o the Riviera Nayarit,less than a one-hour drive north

rom Puerto Vallarta.Punta Mita has earned avour

among business elite and Holly-wood celebrities or good reason.This vibrant, gated communityeatures two Jack Nicklaus signa-ture gol courses and two legend-ary resorts the impressive St.Regis Punta Mita Resort and the

award-winning Four SeasonsResort Punta Mita.

For sun worshippers who havea taste or the good lie and canaord a liestyle that includesliving amid sandy beaches, theaquamarine Pacic Ocean andfourishing tropical fora notto mention all o the services ex-pected o a Four Seasons property ownership in the Residence

Club or an ultra-luxury PrivateVilla is available.

Inside and out, Four Seasonsour- and ve-bedroom villas available in foor plans rang-ing rom 6,500 to 8,000 squareeet are exquisite. Architecturaldesign cues include hand-carvedantique Mexican wooden doors,

quaint covered terraces and cozycourtyards. Exquisite details suchas marble foors, foor-to-ceilingglass, artwork rom local artisans,and your own private innityedge plunge pool perectly emu-late the surrounding beauty andserenity o this extraordinary parto Mexico.

I the $2.3 million US entrylevel price o a v illa is a barrier,

Four Seasons oers 1/12 ractionalownership o its beautiully ap-pointed Residence Club condo-miniums starting at $215,000US or a two-bedroom unit and$260,000 or a 3-bedroom unit,allowing owners our weeks stayper year. Driven by strong interestamong buyers, many o themCanadians, whole ownership oResidence Club units at PuntaMita recently sold out.

Canadians have been a verystrong part o our communityand increasingly so. In early yearsthey were about ve per cent othe community, and now theyreabout 20 per cent o the commu-nity, says Pu nta Mita director omarketing Lynne Bairstow.

She says beyond Punta Mitas

natural beauty and top-fightaccommodations, gol is a keycentrepiece. Our Canadian resi-dents really love the gol. Wevegot two stunning Jack Nicklaussignature courses including theoriginal Pacico course, saysMs. Bairstow, noting, It has theworlds only natural island hole[Tail o the Whale, an optional19th hole]. During low tide, youdrive over to the island. When thetide is high, you cant get over. Itsvisually stunning.

Villa and Residence Club own-ers and their guests have a host oother amenities at their doorstepstoo, including 10 tennis courts,a tness centre, several pools,restaurants, bars, beach clubs andspa services some o which areoered outdoors on the beach.

For those who would like toexperience Punta Mita beorethey consider buying, a stay atthe resort is always an option.As well, Four Seasons director omarketing Thomas Citterio sayssome villas are also available torent. I someone wants to experi-ence a Private Villa beore buying,we are happy to arrange it.

puNta mIta, mExICo

Private residences at the heart of posh Riviera Nayarit community

At top, a poolside view of a Four Seasons Punta Mita oceanfront Villa. Below,a Residence Club condo with a private plunge pool.photoS: top, with peRMiSSioN; bottoM, peteR vitAle

We have two oceansidetowers with 27 floorseach. They have verygracious floor plans.Every bedroom withinthe entire building hasits own terrace, whichis a very unique feature.Everything is built fromthe finest materials.

Ophir Sternberg,Lionheart Capital, LLC.

Housed in two 27-floor towers the lavish Ritz-Carlton Residences, Singer Island, Palm Beach, boast elegant appointments throughout as well as access touncompromising services and nearly nine acres of beachfront property for owners to enjoy. photoS: SupplieD


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The best well-appointed suites in Toronto, from over $1.5 million

F URNISHED M ODEL SUITES TO VIEW | REGISTERED CONDOMINIUM | IMMEDIATE OCCUPANCY

THE LUXURY IS TIMELESSTHE OPPORTUNITY IS NOW

BROK ERS PROTECTED. PRICES A N D SPECIFICA TION S A RE SUBJECT TO CH A N G E WITH OUT N OTICE. IL L USTRA TION S A RE A RTIST CON CEPT. E.&O.E.

F OR P R IV A TE A P P OINTMENT 416.488.2875 T H E A V E N U E . C A

1 5 5 S T . C L A I R A V E N U E W E S T ( a t A v e n u e R o a d )E X C L U S I V E B R O K E R

F O R E S T H I L L L O C AT I O N

G R A N D L O B B Y

5 - S T A R S E R V I C E

E X E C U T I V E L O U N G E

A N D D I N I N G R O O M

S U M P T U O U S A Q U A S P A

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S T U N N I N G V I E W S

E X P A N S I V E T E R R A C E S

Avenue and St.Clair


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WELCOME TOTHE QUIETLY

EXTRAORDINARY.

Discover Torontos most

exclusive boutique address.

Picture a distinctive address on the quieter side of Yorkville proper. This distinctive landmarkbuilding is swathed in a soaring glass curtain wall with impeccable, customized suite interiorsby Mike Niven Interior Design. A statement in quiet opulence spoken in the language ofsubtle sophistication that only a precious few will call home.

Final and limited release of suites.

Occupancy Fall 2012. Residences from $2.1 million.The Viewing Loung e is now open. For your private appointme nt a nd tourplease call Michelle Jalsevac at 416.203.7034.

Prices and specifications subject to change without notice. E.&O.E. February, 2012

77CHARLES.COM

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