The high-rise will be built at 410 Sherbourne Street, the current location of the Phoenix Concert Theatre, according to plans filed with the City of Toronto.
The current structure dates from the 1950s and has been home to the Phoenix Concert Theatre since 1991. It’s right adjacent to a four-story medical office building that would have to be demolished to make space for the new construction.
Despite having intangible historical importance, the theatre does not qualify for heritage classification, according to a Heritage Impact Statement filed with the development application.
“An evaluation of the Site’s cultural heritage value found that the Site does not have physical/design or contextual value,” the statement reads. “The Site does have intangible historical/associative value, through its direct association with the intangible cultural practice of live music performance, as the practice has evolved over 70 years. This venue has played a significant role in Toronto’s diverse music scenes and communities.”
The proposed development will have retail space on the ground floor and 456 residential units ranging from studios to three bedrooms on the upper floors. Community amenities with programmable space may be included on the bottom floor, allowing local artists to continue working there.
The tower would be built out of two different materials, according to the renderings submitted with the proposal. The northern part of the tower and the bottom half of the pedestal would be clad in red brick, with white panels covering the rest of the structure. The tower’s two parts would have a lot of glass and balconies on both sides.
The application, which was filed on November 12, is now in the hands of City Council, and must be approved before any demolition or construction can begin.