TORONTO — Freed Developments has announced its first-ever Freed Hotel and Residences tower located at Adelaide and Duncan in downtown Toronto.

Designed by Chicago-based tall building experts Adrian Smith + Gordon Gill Architecture, known for Jeddah Tower in Saudi Arabia and Central Park Tower in New York, the $800 million skyscraper 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 second floor.

A rendering of Freed Hotel and Residences, coming to Toronto in 2028

Freed Hotel and Residences is expected to open in fall 2028.

“As the largest owner and operator of the Ontario hotel and resorts portfolio, this project is a testament to my profound love for Toronto. Freed Hotel and Residences represents a groundbreaking moment for Freed Developments with the opportunity to merge art, culture, and sophistication through hotel-style living,” says Peter Freed, Founder and CEO, Freed Developments.

Freed added: “Building on Freed’s 30 year legacy of best-in-class projects, Freed Hotel and Residences will proudly display a captivating piece of artwork by Takashi Murakami, adding a unique cultural dimension to this venture, while also bringing forward the first-ever Katsuya Restaurant to Canada which will further enhance the city’s culinary landscape, and best-in-class hotel experiences for both residences and guests.”

Freed Developments has been changing the face of Toronto for the past 30 years, with over $10 billion of developed projects completed, including the Thompson Hotel. Meanwhile, Freed Hotel & Resorts is 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.