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Toronto Plaza Hotel - 1677 Wilson Avenue (Sunray Group, ?s, ?)

yoshirocks702

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Sold for $20.5 million, Potential redevelopment site.


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ShonTron

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Location
Ward 13 - Toronto Centre
Not exactly a prime location for development, which is probably why it's declined over the years as a hotel, becoming popular for large groups (like sports meets) and for shelter space. Office development has struggled outside downtown and the newer corporate centres (Vaughan, Airport, Markham, Meadowvale) and while buses are frequent (96, 165 and friends) it's not a quick ride to the subway. Despite its proximity to the highways. it's a bit of a pain to get to the 400 or 401. As the city is desperate for shelter space, it's a shame they'll have to look elsewhere.
 

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