Developer wants to transform and revive a majestic old Toronto building with condos Toronto TorontoRealEstate RealEstate
Originally known as the Smith Block, the buildings have been disconnected for over 60 years, a 1961 fire damaging the block's central section. That portion of the site has since been occupied by surface parking.The existing buildings are designated under Part IV of the Ontario Heritage Act, protecting them from demolition.
The remaining 807 square metres account for the preserved retail units along Queen, which will continue to function as storefronts within the base of the new development after receiving a pretty substantial facelift. The generous suite sizes — including six loft units — indicate that this will likely be a boutique, high-end development geared toward end-users rather than one-bedroom-hungry investors.
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