Ottawa Purchases Lavish Condominium for Diplomat Residences in New York
The federal government has acquired a US$6.6 million (C$9 million) luxury condominium in New York City for the Consulate General of Canada.
The release indicates that the condominium will serve as residences for consuls general, ambassadors, high commissioners, and will facilitate networking receptions, official briefings, as well as hospitality events such as discussions with business and political figures.
GAC mentioned that the current residence for the consul-general was purchased in 1961, has not undergone renovations since 1982, and does not comply with current building codes or GAC standards.
GAC affirmed that the purchase will result in savings of $2 million for taxpayers.
“In addition to representing a saving opportunity of Cad 2M$+ for Canadian taxpayers, it will also reduce ongoing maintenance costs and property taxes, supports future program needs, and meets representational requirements,” the release stated.
Luxury Condo
Steinway Tower, completed in 2021, stands at 1,428 feet (435 meters) tall, according to developer JDS’s website, providing views of Central Park and downtown Manhattan. The historic Steinway Hall is preserved at its base.
The tower offers convenient access to cultural landmarks such as Carnegie Hall, Lincoln Center, and the Museum of Modern Art. Construction materials include terra cotta, glass, and bronze filigree. The website describes it as the “tallest, most slender skyscraper in the world.”
Additionally, there is an outdoor terrace and lounge for entertaining, an onsite padel tennis court, a golf simulator, and a children’s playroom.
Bathrooms boast walls and floors finished in veined white onyx, and include a custom antique standing tub with bronze fixtures.
Criticism
Opposition House Leader and Conservative Party MP Andrew Scheer has expressed criticism of the acquisition. He raised concerns about the price, especially given the challenges Canadians face with high housing expenses.
The location of the condominium is situated in an area known as “Billionaires Row” due to the abundance of luxury properties in the vicinity.
“We estimate that only 45% of all households will have the income to own a condominium, and a smaller 26% will have enough for a single-detached home at current prices and interest rates,” the authors explained. “This is a decline from 61% and 49% respectively two decades ago.”