Friday, February 27, 2009

Tocondo and the Ritz-Carlton hotel

It's nice to know Tocondo can bulldoze whole neighbourhoods so the international rich can live in luxury.

Toronto’s Ritz-Carlton hotel and residences has launched a new bid to move its last unsold multi-million-dollar units, saying the project is no danger of following in the path of its cancelled Vancouver cousin.

The developer is offering is offering a $250,000 vacation allowance, and throwing a private concert featuring the Canadian Tenors next week, to find buyers for 29 suites at the Residences At Ritz-Carlton.

“Look at the times we’re in,” said Barbara Lawlor, president of Baker Real Estate...


Sniffle.

The 29 remaining units range in price from $1.3-million to $9-million for 1,400 to 6,000 square-foot homes. One of two penthouses is still available.

Sixty percent of the buyers are international buyers, Ms. Lawlor said. The remaining 40% are Canadian, half of whom are from Toronto.


O.

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