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The Next Drake?

Posted by Tim / December 10, 2005

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There is no doubt the stretch of Ossington between Queen and Dundas is a street in transition. Mixed in with the vietnamese eateries, laundromats and art galleries are a good helping of vacant storefronts displaying for sale or for rent signs out front.

One that recently sold was a massive building on the west side between Queen and Argyle that was the former home to Tops in Kitchens. The buyer? The Liberty Entertainment Group, owners of almost a dozen clubs and restaurants around Toronto such as the Rosewater Supper Club, The Courthouse, C-Lounge and the Phoenix.

The price tag? Just under a cool million.

While I'm not privy to what the Liberty Entertainment Group has planned for the building, it's probably not a stretch to predict it will radically change the face of Ossington and draw a chunk of the 905 crowd currently waiting in line outside of the Social and the Drake on Friday and Saturday nights.

Similar to how the Drake spawned Lot 16 and the Beaconsfield to lure away their overflow or uninterested patrons, I get the sense that prospective bar owners are already staking out ground in the area.

A case in point is Sparrow, a new restaurant and bar just next door that's scheduled to open on December 13th.

Discussion

9 Comments

Joe Clark / December 10, 2005 at 03:44 pm
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Why didn't you do less of a half-arsed job of impersonating a journalist and <i>ask</i> Liberty what their plans for the building were?
tim / December 10, 2005 at 04:25 pm
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Hi Joe,

Thanks for stopping by. Happy holidays to you too.
brokenengine / December 10, 2005 at 04:33 pm
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Yeah, that was harsh. Why didn't you do less of a half arsed job of being Prime-Minister, Joe Clark, and form a coalition with the So-Creds? Hmmm? HA!
St Dan / December 11, 2005 at 02:30 pm
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Well of course it's a neighbourhood in transition. Everybody knows that shortly after I move onto a street, it suddenly becomes cool! =P
Michael / December 12, 2005 at 03:11 pm
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Under a million? For the whole building?!
What a steal.

I read a rumour about a year ago in the Globe that both Liberty and Charles K (can't spell his last name) were looking for potential boutique hotel locales as a response to the Drake's success.
Matt / December 20, 2005 at 01:53 pm
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Interesting... There is only one problem -- Argyle and Queen do no t cross each other, but run parallel. So I have no real idea where this is. Is it on Ossington and Argyle? Dovercourt and Argyle?

Here's a Google Maps link to Argyle:
http://maps.google.com/maps?q=Argyle+St.+Toronto+ON&;iwloc=A&hl=en
72 / January 3, 2006 at 10:01 pm
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The Sparrow's not a case and point, its' operated by the same folks who run Sweaty B's, which was much earlier on the scene at Ossington, and quite comfortably accomodates a local, non 905'er crowd. Sorry, not really the aggressive speculators you're speculating about.
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