Freed Development Hotel building

TORONTO — Freed Developments has revealed its first-ever Freed Hotel and Residences project in Toronto (expected to launch in fall 2028). Located at 240 Adelaide Street West, this $800 million skyscraper will bring both Katsuya by Sam Nazarian’s Disruptive Group by sbe and artwork by renowned Japanese artist Takashi Murakami to Toronto. Designed by Chicago-based Adrian Smith + Gordon Gill Architecture, the project 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.

Katsuya is a fusion that ignited a new sushi trend that swiftly spread throughout the culinary industry with locations in Dubai, Miami, Los Angeles, New York and The Bahamas. This restaurant will mark the first location in Canada and the 12th globally. The menu, curated by master sushi chef Katsuya Uechi, will feature staples from the 20-year tradition of excellence that has brought Katsuya international acclaim, with new dishes imagined specifically for Toronto.

Toronto’s DesignAgency will lead the interior design of the hotel and residences. In harmony with the contemporary architecture and landmark Murakami sculpture, the interiors will bring together a creative collection of spaces and amenities, melding moments of poetic simplicity and dramatic juxtapositions of colour, mood and scale. Additionally, Murakami’s captivating artwork Together with the Flower Parent and Child will be featured prominently in the lobby.

“We’re so thrilled to be bringing the iconic Katsuya brand to Canada for the first time with Peter Freed and his best-in-class team at Freed Developments,” says Sam Nazarian, founder and CEO, sbe. “Katsuya is going to be a destination for locals, hotel guests and residences alike and we can’t wait to share chef Katsuya’s contemporary Japanese culinary experience with the discerning people of Toronto.”

“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 ground-breaking 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. “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.”


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