Welcome to your online guide to “The Best Penthouse Suites in Toronto“. In this installment I will be profiling the penthouse suite at 1 Bloor.
Author’s note: This blog post was originally published in 2008. Hence, some of this information may be out of date. For the most up-to-date information regarding the best penthouse suites in Toronto, please contact me.
There was so much hype when 1 Bloor launched in November 2007 that it has been hard to separate fact from fiction with this project. One of the most widely accepted rumors about this project was that the penthouse suite was sold to a Hong Kong businessman for $25 million. Despite the fact that several mainstream media outlets have reported it sold, it has not. The penthouse suite at 1 Bloor is still available and is still priced at $25 million.
The truth is they were in fact close to an agreement, but it fell apart in the end because the buyer insisted upon having his own private elevator that no one else could use and that would enter directly into his suite. The developer said it could not be done, the architects could not figure out a way to get it into the plans. But now, the developer is saying that if a new buyer wants this same feature, there is a way it can be done-too late for the original buyer apparently.
The feature about the 1 Bloor Penthouse that has garnered the most attention is the internal infinity pool. Imagine swimming in a pool in your own mansion in the sky, 80 storeys from the ground, and looking out over the skyline of Toronto.
Developer:: Bazi’s International (Based in Kazahkstan, No completed projects in Toronto, Currently also developing/selling Crystal Blu – Yonge and Bloor, Emerald Park – Yonge and Sheppard, coming soon: Exhibit Definitive Residences – Bloor and Avenue)
Penthouse: $25M for 7530 sq ft. This is the entire 80th floor of the building. $3320 per square foot.
Sub-Penthouses: 4 floor plans available ranging from $5.7M – $9.5M and 2485 – 3810 sq ft respectively. $2300-$2500 per square foot
Key Features: Infinity pool (in the penthouse suite only), 10′ or 12′ ceilings, multiple outdoor terraces (penthouse), Miele and Sub-Zero appliances
Notes: -Penthouse is totally customizable, units on the sub-penthouse levels can be combined to create a larger unit if desired
-The hotel that is going to be in the base of the tower is expected to be announced this fall. Rumor is it will be a major French chain.
-All the hotel amenities are available to residents of the penthouses
-No parking spots included ($75,000 each), but separate parking level exclusively designated for Penthouse suites
-Maintenance fees 49 cents per square foot, hydro extra
-Occupancy November 28, 2011
Potential Negatives: Developer has no track record in Toronto, Units as small as 540 sq ft in the building, very high percentage of investors/speculators purchased units in the building (non end-users)
For more information on the 1 Bloor Penthouse suites, please contact me.
The Best Penthouse in Toronto Series: