Toronto, Ontario
Andaz Toronto – Yorkville
A 160-room Andaz was meant to open inside 'The One,' Toronto's tallest tower, back in 2022; the tower's original developer went bankrupt, its replacement builder cancelled every presale contract in late 2025, and the hotel is now realistically years away.
Announced · TBC
Hyatt's planned 160-room Andaz inside Toronto's One Bloor West tower — a project that survived its original developer's 2023 receivership — was reset again in November 2025 when new builder Tridel cancelled all presale contracts and returned deposits ahead of a planned early-2026 relaunch. The Andaz brand remains attached, but no realistic opening date exists.
The essentials
- Group
- Hyatt (Andaz); tower developed by Tridel, which took over from Mizrahi Developments after 2023 receivership
- Opening
- TBC
- Rooms & suites
- 160 rooms
- Segment
- Luxury / lifestyle boutique
- Designer
- NC
- Entry rate
- NC
The place
One Bloor West sits at the northeast corner of Yonge and Bloor Streets, in the Yorkville/Bloor-Yonge corridor at the heart of Toronto's shopping and subway-interchange district.
The concept
The Andaz would occupy floors four through sixteen of One Bloor West — formerly marketed as 'The One' — a supertall condo-hotel tower originally announced with Mizrahi Developments in 2019. Mizrahi was removed from the project and it entered receivership in 2023 under more than $1.9 billion in debt, one of Toronto's highest-profile construction failures of the decade. Tridel took over as development, construction and sales manager in 2025 and confirmed the Andaz brand would remain attached to the project, with a planned lobby on the fourth floor and an outdoor pool deck on the sixth. But in November 2025 Tridel cancelled every pre-construction purchase agreement on the residential portion and returned deposits, planning a relaunch in early 2026 — a reset that makes any prior completion estimate obsolete.
Dining & wellness
Restaurant, event-space and retail plans described in early Hyatt materials have not been reconfirmed since Tridel's 2025 restart, and no operator or concept has been named.
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