Nobu is opening its first ever Canadian location in Toronto. But it's not only bringingJapanese foodto the city; it's also opening a hotel and condo building in King West, a first for the American luxury brand.

The so-calledNobu Residences, Hotel and Restaurant Torontowill be located between15-35 Mercer St., and the multifaceted project will include 700 units in two 49-storey towers as well as a slew of swanky amenities.

Of course, the Nobu restaurant component will take up a whopping 15,000 square feet and will feature a bar and lounge, outdoor seating and private dining rooms.

Madison Group, Westdale Properties and Nobu Hospitality are behind this newly announced project. Toronto'sTeeple ArchitectsandStudioMungeare also on board.