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Place: Longboat Development / ALT Hotel Tower (Website)
Address: 311 Portage Avenue (Map)
Size: 20 storeys, 200,000 sq ft,
Status: Proposed (opening September 2013)
In June of 2011 CentreVenture Development Corporation announced that Longboat Development Corporation and Groupe Germain Hospitality will develop a 20 storey, 200,000 square foot tower at the intersection of Portage and Donald.
The tower will consist of 85,000 square feet of office space, including a new corporate headquarters for Stantec, an architectural and engineering firm. There's also a 154 room ALT Hotel and a 15,000 square foot lobby and retail area.
The site is currently occupied by the Clarendon Hotel / MTS Exhibition Hall and the Donalda Building. The heritage status of the Clarendon has already been removed to allow for demolition.
The Norlyn Building on Hargrave Street will make way for a 464 car parkade.
CentreVenture expects this to be the first of a number of announcements for an 11 square block "SHED" (Sports, Hospitality, Entertainment District) downtown tax incentive zone.
WFP TV Video explaining the SHED
Demolition has begun at Portage and Donald