The residential renaissance of Toronto's former nightclub district continues with the foundation for Urban Capital, Malibu and ALIT's Tableau Condos at 117 Peter Street. Once the western edge of the city's downtown strip of bars, nightclubs and other after-hours entertainment venues, the city's efforts to rezone and redevelop the area for mixed-use residential purposes has resulted in a lot of development activity in this neighbourhood. Tableau's address, 117 Peter Street, is well-known among Toronto's clubbing community as the site of Tonic and System Soundbar nightclubs.
This neighbourhood, bordered by University Avenue, Queen Street, King Street and Spadina Avenue lies in Toronto's Ward 20 and has seen an enormous amount of development applications and construction projects in the last few years. According to the the city's website, this prime downtown location has become a popular address for developers looking to take advantage of the city's push to increase residential density in the downtown core. This section of Ward 20 has more than 25 significant development applications or projects underway, many of them for large commercial/residential mixed-use space with condo towers in the 30+ storey range. It falls under the King-Spadina Secondary Plan.
Once home to nearly one hundred entertainment establishments as recently as the early 2000s, the majority of these venues have now vacated the area to make way for condo towers and mixed-use retail and office space. In addition to the physical transformation of the Richmond/Adelaide corridor, the city is also proceeding with a more pedestrian-friendly street-level environment that includes separated bicycle lanes in addition to studying proposals to turn Richmond and/or Adelaide into two-way streets to reflect the change in land use, thus slowing down traffic and making it more appealing for ground-level retail.
When complete in 2014, the Wallman Architects-designed Tableau will contain 410 residential units, rising 36 storeys on a four-storey podium containing retail and offices.