Streetcar Developments has purchased the historic Broadview Hotel that sits on Queen Street East at Broadview Avenue.
In a statement released today, Streetcar announced that the lease for the strip club Jilly’s is set to expire and the business will be vacating the property along with the hotel occupants so repairs can be made.
The hotel, which was built in 1893, faces significant structural issues and dealing with them is the top priority for the developer.
“We have great affinity for the neighbourhood and we believe this building is a jewel of Riverside,” said Les Mallins, President and CEO of Streetcar Developments, in the statement. “We will first be focusing all our efforts on making the building safe and restoring it to reflect its place in Toronto’s history.”
However, in today’s statement, the developer said that it would not be turning the space into condos.
“Although rooted in loft development, Streetcar does not see this building as a residential condominium project,” said Mallins. “We are in the early stages of planning, but our focus is to revive this building to a landmark everyone in the area can be proud of.”
Below are a couple archival photos of the hotel in its heyday. The first is dated 1954 and the second is undated.
Homepage photo: Karina Perez/Flickr