Freed Developments announces Hotel and Residences project in Toronto, Ont.

Located at Adelaide and Duncan, just west of University at 240 Adelaide Street West, this $800M skyscraper will bring both Katsuya by Sam Nazarian's Disruptive Group by sbe (expected to launch in Fall 2028) and artwork by renowned Japanese artist Takashi Murakami to Toronto. Designed by Chicago-based tall building experts Adrian Smith + Gordon Gill Architecture, the project will feature 100 five star luxury hotel rooms and 400 luxury condominiums with a Skybar/restaurant on the 63rd floor, boutique spa, and a 10,000 sq ft Katsuya Restaurant on the 2nd floor.

"Freed Hotel and Residences will bring an unprecedented sophistication and luxury that is a signature of Freed Developments in Toronto. Located at the corner of Adelaide and Duncan Streets, the tower will offer residents and visitors spectacular views of the city and Lake Ontario. The tower shines against the city's already impressive skyline, becoming an instant icon." says Gordon Gill, AS+GG partner, FAIA. "The formal geometry of the tower is defined by both its arrival and skyline expressions. Diamond shaped facets create a distinctive arrival and retail experience at street level, while the complimentary faceted silhouette of the tower's top creates an iconic identity within the Toronto skyline. The tower boasts luxurious hotel and residential functions with abundant amenities including terraced, outdoor garden spaces."

Toronto's DesignAgency leads the interior design of the hotel. In harmony with the contemporary architecture and landmark Murakami sculpture, the interiors will bring together a creative collection of spaces and amenities that transport residents and hotel guests into magical, fun, and exciting worlds of design.

The Katsuya restaurant is expected to launch in Fall 2028—and the announcement follows Nazarian's 2020 sale of Nazarian's hospitality brand and management platform which included over 100 hotels (SLS, Delano, Mondrian and Hyde, among others), more than 150 restaurants and lounges, and over $4 billion of luxury residential sales. sbe's Katsuya ignites a new sushi trend that swiftly spread throughout the culinary industry with locations in Dubai, Miami, Los Angeles, New York, and The Bahamas. This restaurant will mark the first location in Canada and the 12th globally. The menu, curated by master sushi chef Katsuya Uechi, who merges the elegance of Japanese cuisine with modern techniques and flavours, will feature staples from the 20-year tradition of excellence that has brought Katsuya international acclaim, and new dishes imagined specially for Toronto.

For over 30 years, Freed Developments has been changing the face of Toronto with its unique brand of experience-based developments, with over $10B of developed projects completed. Freed's portfolio includes luxurious modern condominium projects, F&B ventures, resort communities, and commercial spaces, led by the Founder and CEO Peter Freed. Freed Developments has been recognized for some of the most successful and iconic buildings in Toronto, including the Art Shoppe Lofts and Condos in collaboration with Karl Lagerfeld, Seventy5 Portland with globally renowned designer Philippe Starck, Fashion House on King Street West, and the iconic Thompson Hotel.

In addition, Freed Hotel & Resorts is now the largest owner and operator of hotel and resort communities in Canada, which includes properties at Muskoka Bay Resort, Deerhurst Resort, Horseshoe Resort, and Blue Mountain Resort.

The Freed Hotel and Residences is scheduled to begin sales in March 2024. Potential buyers can expect a diverse range of units ranging from 270 sq.ft. to over 9,800 sq.ft.