TORONTO — Alliance REIT has announced the completion of renovations at The Davenport on Davenport Road in Toronto.
The firm is a private real estate investment trust based in Toronto. The three-storey Davenport now includes four loft apartments and a new wine bar and restaurant.
Renovations included the addition of a third storey and construction of four apartments with new electrical, plumbing, HVAC, central AC and ensuite washers and dryers, stated a release.
The units have 11-foot ceilings, 100-year-old varnished plank flooring, exposed double brick walls and exposed 12-inch century-old beams that were salvaged during the renovations.
“The Intent was to turn this property into a six-unit hard loft residential building. However, upon reflection, and in consideration of the amazing vine-covered street side patio and the rich history of the building itself, we decided to keep the lower level and front of the building as a bar and restaurant,” said Hooman Tabesh, CEO of Alliance REIT, in a statement. “This is now the only mixed-use building in our portfolio.”