This report recommends that City Council state its intention to designate the listed heritage property at 355-359 Adelaide Street West, under Part IV, Section 29 of the Ontario Heritage Act.
The heritage property at 355-359 Adelaide Street West contains a six-and-a-half storey factory building, constructed in 1921-1922, for the Gelber Brothers, Moses and Louis, who contributed to the development of the King-Spadina neighbourhood as a manufacturing enclave and who were noted philanthropists and leaders in Toronto's Jewish community. The building was home to numerous clothing manufacturers who contributed to the establishment of Toronto's Fashion District. Designed by Benjamin Brown (1890-1974), one of Toronto's earliest Jewish architects, the building's low-rise brick and stone-clad massing, with its Renaissance Revival style, composition and details, maintains the architecturally rich quality of this down-town district. The building represents the factory building type that has accommodated the evolving industrial and commercial activity over the past century, giving the King-Spadina district its distinctive urban form and character.
The property at 355-359 Adelaide Street West was identified as a contributing property in the King-Spadina Heritage Conservation District Plan, adopted by City Council in October 2017 and currently under appeal. It was listed on the City's Heritage Register in December 2017. Following city staff's additional research and evaluation under Ontario Regulation 9/06, the provincial criteria prescribed for municipal designation, it has been determined that the property at 355-359 Adelaide Street West merits designation under Part IV Section 29 of the Ontario Heritage Act for its design, associative and contextual values.
The property being listed by Colliers is known as “Go-To Spadina-Adelaide Square.” On the company’s website it is identified as being at the southeast corner of Spadina Avenue and Adelaide Street West, which Go-To says it acquired in April 2019.
A site plan application was submitted in June 2020, the firm says, for a 50-storey mixed-use high-rise.
The bid deadline for this property is April 7.
KSV Restructuring declined to be interviewed by RENX, but the latest documents filed on its website indicate CBRE is aiming for a bid closing date in early to mid-April for the properties it is marketing.