The redevelopment of Spadina Avenue continues with a proposal for a 22-storey mixed use building at 484 Spadina, site of the Hotel Waverly, just north of College Street. Kirkor Architects and Planners has submitted an application to amend the zoning by-law to permit the proposed building on the property.
The proposal joins new condo projects like Fabrik and The College, eateries (i.e. Strada241) and cafés (One Hour Café, Castle board game café) in the renewal of an area packed with miscellaneous souvenir/t-shirt/perfume wholesale shops.
Hotel Waverly is one of Toronto's oldest hotels in operation, having opened in 1900, and its level of repute can be quickly ascertained with a visit to www.tripadvisor.ca (where it's spelled Waverley). Just north of Chinatown at the northwest corner of College, the building is adjacent to city landmarks The Silver Dollar Room and The Scott Mission. The proposal has also been submitted to Heritage Preservation Services for review.
The new proposal consists of a 2-storey podium containing retail and commercial uses, with a 20-storey tower above, containing 202 residential dwelling units. Also proposed are three levels of underground parking accommodating 70 vehicles, accessed from Douglas Campbell Lane in behind. The proposal would have an overall building height of approximately 70 metres to the top of the main roof (plus mechanical penthouse).
A Statutory Public Meeting is likely to be scheduled for Fall 2013.
Check back with UrbanToronto for more information on this development proposal.