Freed Developments have unveiled their latest project, a 63 storey skyscraper dubbed Freed Hotel and Residences.

Located at 240 Adelaide Street West at the corner of Adelaide and Duncan streets in Toronto’s Entertainment District, the $800M development will contain 100 hotel rooms and 400 residential condominiums, and be the first to bring restaurant Katsuya by Sam Nazarian's Disruptive Group by sbe and artwork by renowned Japanese artist Takashi Murakami to the city.

"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. "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.

Rendering of Freed Hotel and Residences.Image via Freed Developments

Designed by Chicago-based AS+GG (Adrian Smith + Gordon Gill), the sleek glass tower will rise to a height of 219 metres. One of the building’s signature spaces will be a Skylobby located on the 62nd floor, and a restaurant and bar on the 63rd floor which rests beneath a 70 foot sloping skylight. Both spaces promise to deliver breathtaking views of the city skyline.

"Freed Hotel and Residences will bring an unprecedented sophistication and luxury that is a signature of Freed Developments in Toronto. Located at the corner of Adelaide and Duncan Streets, the tower will offer residents and visitors spectacular views of the city and Lake Ontario. The tower shines against the city's already impressive skyline, becoming an instant icon." says AS+GG Partner Gordon Gill, FAIA. "The formal geometry of the tower is defined by both its arrival and skyline expressions. Diamond shaped facets create a distinctive arrival and retail experience at street level, while the complimentary faceted silhouette of the tower's top creates an iconic identity within the Toronto skyline. The tower boasts luxurious hotel and residential functions with abundant amenities including terraced, outdoor garden spaces."

Rendering of Skylobby, restaurant and bar at Freed Hotel and Residences.Image via Freed Developments

The base of the building will contain a number of retail spaces, and a 10,000ft² space occupied by Canada’s first Katsuya Restaurant, operated by Sam Nazarian's Disruptive Group by sbe.

"We are 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.” said Sam Nazarian, Founder and CEO, sbeKatsuya is going to be a destination for locals, hotel guests and residents alike, and we cannot wait to share Chef Katsuya's contemporary Japanese culinary experience with the discerning people of Toronto."

Japanese artist Takashi Murakami's artwork Together with the Flower Parent and Child will also will be featured prominently in the lobby of the development, with project interiors by Toronto-based DesignAgency.

Other building amenities include a boutique space, terrace and outdoor garden, fitness and yoga studio, private theatre room, and more.

Sales for the Freed Hotel and Residences are expected to begin in March 2024, with unit sizes ranging from 270ft² to 9,800ft². For more information on the project, visit

About Freed Developments

For nearly 30 years, Freed has been a transformative force in Toronto's real estate landscape, specializing in luxurious modern condominium developments, F&B ventures, hotel and resorts, and commercial spaces. Founded by Peter Freed, the company's unique approach integrates vertical and horizontal strategies, aligning developments with effective construction, marketing, sales, and management strategies. This approach amplifies the brand, engages with communities, provides best-in-class service, and creates investment opportunities.

About Adrian Smith + Gordon Gill Architecture

Adrian Smith + Gordon Gill Architecture (AS+GG) is dedicated to the design of high-performance, energy-efficient, and sustainable architecture on an international scale. The firm approaches each project, regardless of size or scale, with an understanding that architecture has a unique power to influence civic life. AS+GG strives to create designs that aid society, advance modern technology, sustain the environment, and inspire those around us to improve our world.

AS+GG's practice includes experience in multiple design disciplines, including technical architecture, interior design, city planning, and sustainable carbon design. The expertise of our Architects spans typologies including supertall towers, large-scale mixed-use complexes, corporate offices, exhibition facilities, cultural facilities and museums, civic and public spaces, hotels and residential complexes, institutional projects, and high-tech laboratory facilities.

About DesignAgency

DesignAgency is an award-winning international design studio with 25 years of experience in interior design, architectural and landscape concepting, strategic branding, and visual communications. With studios in Toronto, Washington, D.C., Los Angeles and Barcelona, DesignAgency has a global reputation for creating exceptional environments and brands.

Collaboration is a pillar of the studio's practice and one of its greatest strengths. DesignAgency's talented designers are driven by curiosity, international perspectives, and a desire to innovate. With expertise across hospitality, residential and commercial sectors, the team works closely with clients and local and international artists, craftspeople, and suppliers to realize extraordinary experiences that build success for clients.

About sbe

Established in 2002 by Founder and CEO Sam Nazarian, sbe is a privately held, leading lifestyle hospitality company that develops, manages and operates world-class hotels, restaurants, lounges and nightclubs. Through exclusive partnerships with cultural visionaries, sbe is devoted to creating extraordinary experiences throughout its proprietary brands with a commitment to authenticity, sophistication, mastery and innovation. Over the last decade, sbe has mastered the art of creating desirable destinations; the lifestyle platform includes over 100 hotels and 150 restaurants and lounges. In 2020, Sam Nazarian shifted his focus to the culinary and nightlife world by launching Disruptive Restaurant Group (DRG.) DRG incubates and operates globally renowned culinary brands, including critically acclaimed restaurants, lounges and nightclubs. By partnering with an impressive roster of internationally renowned culinary talent, DRG concepts are committed to innovation and setting new industry standards. Restaurants and lounges include Casa Dani, by three Michelin-starred Chef Dani Garcia; Citizens; Katsuya, by Chef Katsuya Uechi; Kumi; MXO by Wes Avila; Doheny Room; HYDE; LiFE; and S Bar. Sam Nazarian has consistently demonstrated his ability to anticipate and shape the future of hospitality and gastronomy. With his unwavering passion, entrepreneurial prowess, and a portfolio of iconic brands, Sam has cemented his position as a trailblazer in both the hospitality and culinary world for generations to come. To learn more, visit