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Condo Hotel Center: Property
Alert
August
9, 2004
$500-MILLION
CONDO HOTEL PLANNED
Five-Star Magnificence & Big Name Developer
 Hello,
Joel Greene here from Condo Hotel Center. I hope this
Property Alert finds you enjoying your summer.
I have been enjoying mine although it’s about to get
even better. My six-year-old twin girls, the
dynamic duo of mischief (and that’s being polite),
head back to school next week, and no one is more
excited than me. Well, maybe my wife.
A
Condo Hotel Outside the U.S.
Now
I know most of you are interested in condo hotel properties
in tropical locations like South
Florida. However, part of my goal
with these Property Alerts is to keep you abreast
of the developing condo hotel market in general.
What
we at Condo
Hotel Center are seeing is that the condo
hotel concept is definitely spreading, not only to
states outside Florida
but also outside the U.S. Today
we’re going to take a look at one of the grandest
condo hotels currently being planned, a true mega-property,
in our closest northern neighbor, Canada.
(By the way, even if Canada doesn’t appeal to you,
be sure to read to the end of this Property Alert
for an exciting Florida pre-construction opportunity.)
$500-Million
Condo Hotel Tower in Toronto
Toronto
will soon get its first condo hotel. Well “soon”
is a relative word, as we are really talking about
March of 2009 by the time it’s built, but what’s that
they say about the early worm?
Even
though it’s a Canadian property, you’ll certainly
recognize its American developer. It’s none
other than The Donald. That’s right, Donald
Trump along with Talon International Development,
a Canadian-based investment company, is planning to
build a $500-million, five-star condo hotel tower
in Toronto’s financial district.
The
Trump International Hotel & Tower, Toronto
will represent ultra-luxury living in the heart of
the city’s downtown and promises to be a glittering
jewel in the Trump crown. A 70-story tower,
it will sit on the smallest parcel of land on which
Mr. Trump has ever built a tower. But what the
project lacks in footprint, it promises to make up
for in over-the-top opulence.
Mixed-Use
Building, Hotel & Residences
The
building will have two distinct sections. A
luxurious hotel will comprise the lower portion of
the building from the lobby to the 34th
floor, while the condo residences will overlook the
city from floors 36 to 70 and offer one-bedroom units
to three-bedroom penthouses. All residents will
have access to the exclusive benefits and amenities
of the hotel.
 The
hotel suites are available for purchase by individuals
or corporations, and owners can participate in a rental
program. The hotel offers 265 hotel guestrooms
and suites, of which 34 suites are part of the exclusive
Trump Club that will feature butler service and a
private lounge.
The
condominium residences will feature formal dining
and living areas, exquisite hardwoods and granites,
top of the line appliances in designer kitchens, and
the finest features and finishes available.
There will be a maximum of four residences per floor.
Hotel
suites start at about $650,000 and residential suites
start at $1.5 million. The building will offer
a select number of Skyplex residences. Referred
to as “mansions in the sky,” these bi-level residences
will feature grand staircases, great rooms, and soaring
22-foot ceilings in the entry foyer. Kitchens,
living and dining areas will be located on the main
level, with bedrooms privately secluded on the upper
levels.
Amenities
The
hotel suites and guest rooms will have a level of
service, convenience and privacy found only in the
finest hotels in the world. All the designs,
décor and finishes will be of superior quality, leaving
no need for upgrades. As a five-star hotel,
the property will have the following amenities and
services:
- A
2-level, full-service, 18,000 sq. ft. spa &
wellness facility
- 5-star
gourmet restaurant
- Casual
full-service restaurant
- Sushi
and martini bar
- 24-hour
personal concierge, valet and room service
- Personal
attaché service
- Daily
housekeeping and laundry service
- In-room
dining and catering services
Why
Toronto?
At
over 1,000 feet high, The Trump International Hotel
& Tower, Toronto
will be the tallest residential building in Canada. It
will change the skyline and elevate the downtown real
estate market, while at the same time give the Trump
Empire its first development on the international
stage.
According
to Trump, “It is going to be the ultimate destination
for business, pleasure and entertainment. Toronto
real estate is undervalued when compared to other
leading cities in the world. It is only going
to increase in value. That is why this is an
excellent investment for those who buy a condominium
residence or hotel suite.”
A Strategic Location
The
Trump Toronto will be located on the shores of Lake Ontario
in one of the most culturally-diverse cities on the
planet. Brimming with lush parks, historical
neighborhoods, performing arts, shopping and sporting
venues, this is one place with something for everyone.
The building will be an integral part of Toronto’s PATH system, the 16-mile underground
shopping, dining and entertainment concourse that
connects downtown Toronto.
In
addition, the city itself is the financial hub of
the country, and Canada’s major banks, financial
institutions and insurance companies call Toronto
home. You would be hard pressed to find a Fortune
500 company that doesn’t have a large office based
there.
Who’s
Buying?
Trump
believers say the real estate icon will find buyers
among wealthy investors, especially foreigners who
are looking for safe places to park their money.
The
Trump brand cannot be underestimated. You may
not like the guy’s hair, but in New York, Trump has shown
he can get twice the price per square foot as competitors.
Take
a look at his Chicago
condo hotel, a project similar to Toronto’s in that it will also
be a mixed-use building with condominiums and condo
hotel units. Since the Trump organization opened
its Chicago sales office, 75% of
the units have sold, and prices have appreciated by
95%. And construction hasn’t yet started on
the 90-story Chicago
tower!
Construction Should
Start in About Six Months
I’ll
keep you apprised on this mega-development in Toronto
and periodically let you know how sales are progressing.
If all goes as planned, construction will start in
2005 with completion targeted for late 2008, although
their condo docs specify March 20, 2009.
If
you’re a fan of The Apprentice, Donald Trump’s
reality TV show, (new season starts Sept.) keep an
ear out for mentions of this property. Trump’s
sure to take advantage of the publicity opportunity,
as he did for the Chicago Trump Condo Hotel during
the series’ last run. After the Trump Chicago
was mentioned last season, I had nine e-mailed requests
for info. about the property by 8 a.m. the next morning!
Want
More Information?
If
you’re interested in learning more about the Trump
Toronto now, just reply to this Property Alert with
a quick e-mail, and I’ll send you my detailed data
sheet. I can also, upon request, FedEx a brochure
package to you. Just don’t forget to provide
me with an address and phone number (FedEx requirement).
As
I mentioned earlier, even if chilly Toronto
isn’t your dream vacation spot or if Trump is a little
pricey for you, it’s interesting to see how the condo
hotel concept is being applied in different places
around the world.
The Big News--Trump
Ft. Lauderdale Is Next
Now
before I wrap this up, I have rather exciting news
regarding Trump again, albeit a little premature.
I’ve had several discussions with the New York development corporation
that will be building yet another Trump condo hotel.
This one will be in my favorite place, sunny Florida—Ft. Lauderdale to be precise.
My
contact and I have discussed giving Condo Hotel
Center a select number
of units that will be made exclusively available to
our Property Alert readers. These will be units
at absolute ground-floor prices, pre-pre-construction
you could say.
How
many units we are allotted is still to be determined.
At this point, I don’t have any information on the
size of the units or the prices. I have, however,
walked the site of the future Trump many times in
recent months. The hotel that will be razed
to make way for the Trump has housed the sales office
site for the Atlantic Hotel, a five-star Starwood
condo hotel located right across the street.
Talk about a great one-two punch to boost real estate
values in the neighborhood, a Starwood Luxury Collection
property right next to the biggest name in… in… well
in almost everything!
Sound
good? Here’s what I need you to do. If
you’re even the least bit interested in the Trump
Ft. Lauderdale, reply to this e-mail and specify that
you want Ft. Lauderdale Trump information. Send
me your full name, mailing address (no P.O. boxes
please), and your phone number (again, required for
FedEx delivery), and I will put you on my special
VIP Trump list.
I
assure you your contact information will not be sold
or used for anything other than this single purpose.
And by placing your name on the list, you are not
committing to anything, other than an e-mail from
me or a knock at your door by a friendly FedEx representative.
Units
go on sale in October. At least that is the
plan. People who are on my list will receive
complete brochures the second they become available.
They will be in on what’s known in the industry as
“the whisper campaign.”
While
I will do a Property Alert on the Trump Ft. Lauderdale
as soon as the developer gives me the okay, people
on my VIP list will find out what’s available first,
BEFORE any price increases and BEFORE any of the choice
units are spoken for. Again, the early worm…
Thanks
for Reading to the End
Well
I hope you found the Trump Toronto AND the Trump Ft.
Lauderdale information interesting. As always,
thank you for taking the time to read my Property
Alert. Next edition, we’ll be back in the south
looking at another exciting Florida
property coming on the market.
If
you wish to be taken off our Property Alert mailing
list, just hit reply and write “Unsubscribe” in the
subject line, and I’ll take care of it.
Signed,
The
Joel (Nah, just doesn’t have the same ring as The
Donald)
Joel Greene, Broker-Associate
Condo Hotel Center
A division of Sheldon Greene & Assoc., Inc.
13499 Biscayne Blvd. Ste. 210
N. Miami, FL 33181
PH: 305-944-3090
FX: 305-948-0460
Info@CondoHotelCenter.com
www.CondoHotelCenter.com
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