Wednesday, December 15, 2010

Ritz penthouse fetches $13 million

MONTREAL - The penthouse at Montreal’s Ritz Carlton Residences has sold for a whopping $13 million – taxes included – The Gazette has learned.
The 8,000-square-foot unit – which includes a terrace the size of a large three-bedroom apartment – is the most expensive condo ever sold in Montreal.
Despite expectations that a wealthy foreigner would nab the penthouse, the buyer is local, said veteran real estate broker JJ Jacobs.
Jacobs, of JJ Jacobs Realty Inc. wouldn’t disclose the name of the buyer, or divulge any more details about the penthouse.
“It’s a done deal, but it’s not signed yet,” she said.
Ritz Carlton Montreal CEO Andrew Torriani couldn’t be reached for comment yesterday.

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