It's not New York, but $16-million is a big chunk of change for what will be Toronto's priciest penthouse pad.

What do you get for that much moolah? A 9000-square foot home on top of one of the new Four Seasons Hotel development towers in Yorkville. Aside from living in trendy-but-kind-of-boring Yorkville, you also get stone floors, nickel-plated faucets, space for your live-in housekeeper (not included), and the right to say you're richer than your snobby Yorkville neighbours.

The newly designed Four Seasons (officially called the Four Seasons Hotel and Private Residences), is another example of hotel and condo units going up in the same building (think Sangria-La, Pantages and the Trump Hotel and Tower).

The architect, Peter Clewes, who is also responsible for one of my favourite new buildings in the city, feels that Toronto is ready for over-the-top luxury.

I'm not exactly an over-the-top luxury kind of guy, but the initial design for the new Four Seasons is impressive. The building will be surrounded by glass and appear transparent. The plans also call for an internal courtyard and a pedestrian bridge linking both towers at the 6th storey.

If you're in the market, or are just curious to see how the much-richer-than-you live, visit the presentation gallery at the northeast corner of Bay and Yorkville that opens this week.

Photo from the City of Toronto web site.