Toronto will be putting on the Ritz, literally and figuratively. Once completed in 2009, the Ritz-Carlton Toronto will be the first Ritz combined hotel and condominium residence in Canada. The 53 story structure will be located on Wellington Street between Simcoe Street and John Street. The cost is estimated at 300 million dollars.

The name Ritz-Carleton itself is synonymous with the term 5-star and this will be no exception. With 267 hotel rooms and 135 condos in a 700,000 square foot facility, the Ritz-Carleton Toronto will certainly cater to the rich and famous. In addition it will be the home to Toronto largest spa at 23,000 square feet. The presentation centre for the condos will be open this September. Before you go scurrying off to choose your unit, the suites will range from $700,000 for one of the smaller pied-a-terrres to $11,000,000 for the palatial penthouse on the 52^nd floor that is an astounding 10,920 square feet in size. Wouldn’t you just love to know what the monthly maintenance fees would be on a place like that?