Published Mar 27, 2018Early last year, Toronto's arts community was dealt a blow by a string of venue closures, which included the city's legendary Silver Dollar Room. While the venue was facing an uncertain future not long after its closure, it's now been revealed that space for a new venue will be included in the forthcoming redevelopment project.
Urban Toronto points out that approvals are now in place to construct a 15-storey primarily residential building on the northwest corner of Spadina and College streets. It will include what they call "a renewed Silver Dollar Room."
Fitzrovia Real Estate Inc., which will serve as developer and asset manager on the project, has named the building the Waverley, a nod to the nearly 120-year-old hotel that occupied the site alongside the Silver Dollar.
Urban Toronto notes that the Silver Dollar's recognizable signage will be used on the building's Spadina-facing side, preserving the venue's heritage on the building's modern facade. An artist's rendering can be seen above, while you can see more images of the project over here.
The building's ground and mezzanine floors will also feature retail and commercial space, while the apartment space above will feature 190 new rental suites and amenities.
Built in 1958 to serve as a cocktail lounge to the adjacent hotel, the Silver Dollar became a hotspot for local jazz and blues musicians before hosting shows across a variety of genres. Over the years, the venue has also proven itself as an invaluable incubator for a range of talented young acts from both in and out of the city.
The Silver Dollar Room was granted heritage designation by the city in 2015.