The Best Penthouse in Toronto: Shangri-La
Welcome to your online guide to “The Best Penthouse Suites in Toronto“. In this installment I will be profiling the penthouse suites at Shangri-La.
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 Hence, some of this information may be out of date.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.
The term “Shangri-La” refers to paradise on earth, and that is exactly what the ultra-luxury hotel/condo development of the same name is trying to create at Adelaide and University in downtown Toronto.
There are two penthouse suite units at Shangri-La and they occupy the 64th and 65th floors of the building. These two-storey penthouses are unique to the ultra-luxury penthouse market in Toronto and wil provide the buyer with something truly spectacular. 6700 square feet of sprawling luxury priced at about $12.5 million.
Construction at Shangri-La is well underway with sales beginning well over a year ago now.Ãƒâ€šÃ‚Â Ãƒâ€šÃ‚Â At 65 storeys it will not be the tallest condo in Toronto, but it will likely be in the top 3 along with 1 Bloor and Aura. Below are the details on this unit as well as the “Signature Suites” which are equivalent to lower-penthouses in this project.
Developer Westbank and Peterson Group (lesser known in Toronto, but very active developer in Vancouver including Shangri-La Vancouver)
Penthouse: 2 available. 2-storey units, each one composing one-half of the top-2 floors of the building (floors 64+65). $12.5485M each. 6730 sq ft. North/East/West exposures or South/East/West exposures.
Sub-Penthouse: Called the “Signature Suites”. They are not true sub-penthouses based on their location in the building, but they are the next largest suites in the building, located on the 58th and 60th floors. They are 2-storey units also, priced at $6.4555M or $6.2455M with about 4430 sq ft
Key Features: unique, 2-storey designs with living rooms open to above creating a dramatic 22′ high ceiling with 22′ high windows in the living rooms. Hotel amenities available for residents, Miele and Sub-zero appliances, custom closet organization systems. Kitchens by Boffi. Private, enclosed parking spots available.
Notes -Developer wants the building to be connected to the PATH network and the subway, however, city has not confirmed that this will happen.
-‘Shangri-La’ brand is lesser known in North America but is very well respected around the world
-Occupancy: Summer 2011
Potential Negatives: Location (Adelaide + University) not in the ‘centre of the action’, although it is steps to the financial district and a short walk to the entertainment district and Queen Street West. Smallest suites available are 800 sq ft – some investor units in the building, but not many. Penthouse floor is not exclusive-two units on the top floor.
For more information on the Shangri-La Penthouse Suites, please contact me.
The Best Penthouse in Toronto Series: