A fancy new residential complex rising atop what used to be the Hotel Waverly, Silver Dollar Room and Comfort Zone is growing ever closer to completion, officially erasing 120 years of history for a rental tower with two on-site juice bars.
"The Waverly," named after the 1900-built hotel demolished at College and Spadina in 2018, is scheduled to open in February of 2021.
With a projected occupancy date just months away, developers are now trying to fill all 166 units of the "boutique rental community," and they'll be using the ghost of the Silver Dollar Room to help them do so.
Yes, the historic Silver Dollar Room (1958 - 2017) will eventually reopen right where it used to stand, adjacent to a 5,000-square-foot retail and commercial space on the ground and mezzanine floors of the new development.
That said, the space will be completely new in every single way, aside from the venue's iconic signage, which has been preserved and is being restored for whenever Silver Dollar Room 2.0 actually opens to the public.
There's been no word yet on when that might be, but it's clear that the live music venue and bar won't be relaunching soon, as its space has been commandeered as a leasing centre for The Waverly.
Fitzrovia Real Estate, which is both developing and managing the property, posted a photo of the Silver Dollar Room's old sign to Instagram on Wednesday morning with a blurb that starts "Coming in 2021..."
Much to the disapointment of people who are keen to see the new-and-improved venue, the full sentence reads: "Coming in 2021, The Waverley will launch its leasing centre out of the Silver Dollar Room."
While it won't be a bar, Fitzrovia says that the leasing experience for this property will be uniquely tied to the historic venue's history with "speakeasy vibes, dim lighting and nods to the spaces rock 'n roll past."
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