Guvernment complex officially set to become condos
When The Guvernment / Kool Haus complex closes in January 2015, work will begin to turn the site into a mixed use development featuring condos and some commercial properties. It's hardly surprising given the area. The eastern waterfront is currently a haven for projects both in development and under construction, and it was pretty much inevitable that the nightclub would eventually go this way over time. Although INK Entertainment owner Charles Khabouth told the Star he tried to buy the building with his partners, he was unable to reach a deal. Yesterday, Daniels Corporation confirmed that it bought the site at Queens Quay and Lower Jarvis.
While the developer has yet to say much about its plans, the company's previous projects bode well for an area that requires a healthy mix of residential and commercial development. Daniels' work on revitalizing Regent Park is of particular note here, as development along the waterfront should conform to the master plan put together by Waterfront Toronto. The company also built the TIFF Lightbox, which features a successful integration of commercial and condo development.