Demolition of this former concrete warehouse makes way for the large Riverside Square development by Streetcar Developments.
This is a great example of the Commercial Style Architecture, also known as Chicago Style as this form was developed in Chicago after the 1871 fire. It’s metal skeleton framing was a new development allowing for buildings of greater height, more floor space and maximum light and ventilation as opposed to the load-bearing brick buildings that came before it. This building has Classical detailing and terra cotta trim – a rare combination in Toronto.
Although heritage-designated, property owners are allowed to develop on site. The building’s North and West faces are to be incorporated into the King Blue Condos (48 and 44 storeys) designed by Page + Steele / IBI Group Architects and developed by the Greenland Group. This condominium comes with a Section 37 payment of $1.25 million for public amenities.
Demolition of this familiar site off Eastern Avenue in Toronto has already started. The new development will be the largest east of the Don River in ages.