Plans have been approved for a new luxury rental building to go up over the legendary Silver Dollar Room at 484 Spadina. The new plans are being heralded as a huge improvement over the earlier proposal which would have seen a 20 storey rental building targeting students and offering shared living and kitchen accommodations. Opposition was mounted against the original plan by those who felt it was not befitting the location or the heritage designation bestowed upon this historic landmark.
The site has now been acquired by Fitzrovia Real Estate Inc. who has named the project The Waverley as a nod to the hotel that had previously occupied the site. The building will be home to 190 Class A rental units and will boast condo quality finishes and appliances, as well as accommodating a refurbished Silver Dollar Room at street level.
For more information on the project, click here.