Earlier this year, a proposal was made to demolish the notorious flophouse, Hotel Waverly and the adjoining legendary Toronto blues club, Silver Dollar Room, to construct a 22-storey private student accommodation.
While, we would be remiss to see the Silver Dollar Room go, Hotel Waverly has definitely seen better days. With the newly opened and smartly designed Rexall at the corner of Spadina and College, the corner is starting to show signs of renewal.
Property Owner: Wynn Group
Type: 22-storey condo
Parking spots: 70
Bike parking: 214
About 200 units (Bachelor,1-2 bedrooms)
Sadly, the city's preliminary report released this week is not so positive stating that, "the application is not supportable in its current form." We're still hopeful the developer will be able to adapt the design and gain city approval. In the meantime, check out the renderings.
· Hotel Waverly Development hits a Snag [BlogTO]
· Hotel Waverly, a Student Residence? [Varsity]