The existing structure will undergo a complete retrofit to accommodate the new development. Office use will be retained on 12 floors and an additional retail pavilion will be added at ground level.
The additional 33 storeys will include approximately 475 residential suites along with amenities and conveniences.
The design concept adapts and reuses the former mechanical penthouse as an amenity space for commercial tenants during the day and social function rooms for residents in the evening.
“The development represents a continued investment in employment by modernizing an important building, the enhancement of office space and the provision of needed amenities such as event and meeting spaces and outdoor terraces,” said Schneiderman.
“The addition of new housing opportunities is desperately needed in Toronto, particularly in dense transit-oriented locations like this. As we move further through the design process we will elaborate further on the quality design and residential amenities planned.”
GWLRA hasn’t yet decided if the residential component will include purpose-built rental or condominium units.
Schneiderman said more than a year was spent evaluating the feasibility of the project and determining a solution that upgraded the capacity of the exoskeleton structure, allowing for the additional residential load above.
“The existing ground floor was designed for single-use occupancy. Mixed-use required careful planning to fit the new auxiliary spaces, rework the commercial elevator core and the addition of a residential core while maintaining high-quality office areas.”
Some existing office tenants were part of the design team, according to Schneiderman. A final logistics plan has yet to be worked out for office tenants in the building, which is approximately 90 per cent occupied, during the redevelopment.