Park Hyatt hotel on Bloor could become apartments

Toronto's getting an influx of rather luxurious rental buildings. And a new project at Bloor and Avenue Road might be the swankiest one yet.

As BuzzBuzzHome reports, the city of Toronto received a development plan to transform the hotel suites in the Park Hyatt Hotel's original south tower into 65 rental units, including both one and two bedroom apartments. The north tower would continue to operate as a hotel.

Oxford Properties bought the Park Hyatt for $90 million USD back in 2014. Along with creating new rentals, it plans to give the hotel's storied top floor lounge a makeover.

This comes on the heals of an earlier plan, which looked at creating 113 rental units in the building at 4 Avenue Rd.

As BuzzBuzzHome notes, the south tower is a listed heritage building.

Photo by Michael Monastyrskyj via the blogTO Flickr pool.

by Staff via blogTO