The 113-year-old Hotel Waverly, the faded historic building at College and Spadina, could be knocked down along with the Silver Dollar music venue to make way for new student accomodation under plans by The Wynn Group, a Toronto-based rental group and building developer.
If the project gets the green light, the Silver Dollar will get an all-new venue on the ground floor of the 20-storey building. The haggard and insalubrious hotel that dates back to 1900 wouldn't come back.
As currently proposed, the 14,676 square-metre, 20-storey tower would include 202 rental units targeted specifically at students and 1,622 sq. m. of retail space at ground level. The 2nd floor will host a "boutique" version of a Wynn Group fitness studio.
The Silver Dollar & Hotel Waverly could be demolished
Posted by Chris Bateman / JUNE 7, 2013
*Renderings on article page
I don't believe Wynn Resorts (casinos) is in any way connected to the Wynn Group, if that's what you're implying.
This project doesn't look good though. The Wynn Group aren't known for great upkeep of their buildings (I should know, I live in one) and I suspect this won't be a very well built complex especially when they're targeting students.
And as much as I hate when people complain about shadowing there is an elementary school directly northwest of the site and their playground would be in the shadows all morning.