$10.5 Million Project Investment in a Theatre Complex in Downtown Toronto

     With the advent of COVID-19 the past year, many entertainment options have been struggling due to provincial bylaws. With the constant lockdowns, many of those in the entertainment industry have had to close down and cease operations. Its difficult not to see negative new in this current situation; however, a glimmer of hope can be seen. Young People’s Theatre has announced that it’ll expand into a second building on 161 Frederick St. Young People’s Theatre is a historic part of Toronto with its current 123-year-old building situated at 165 Front St E with them occupying it for the last 44 years. This expansion will see a three-storey building with 12,000 sq feet for a new performing arts venue. This is all part of their Room for Imagination project to create Canada’s largest state-of-the- art theatre complex for young people. These buildings are expected to be the cornerstone of Front and Frederick Street. This $10.5 Million project will help improve both locations for expansion and renovations. Donations for this project have been fronted by BMO Financial Group, TD Bank and plenty of other donors from both private and public sources. This new space will provide community programs, a drama school, rental spaces, and a street-level café. Not the mention three studios, a mainstage rehearsal hall, an expanded wardrobe workshop and administrative offices.

     This type of expansion makes downtown Toronto look even more appealing than it already was. Investments to improve the community are always invaluable as it helps raise its status and desirability. Condo and homeowners in the area will appreciate having improved entertainment options once this lockdown is over.  With new pre-constructions around the area, it’ll create an interesting contrast between new and historic buildings. This seems to be the direction Toronto is trending in; mixing in hints of gentrification in these historic communities.

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