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Built in 1931 and formerly known as the Canada Permanent Trust Building in
Per the official designation: "The Canada Permannent Trust Building, 320 Bay Street at Adelaide
Street West (SW), 1929-30 by F. Hilton Wilkes & Mackenzie Waters; Mathers & Haldenby, Associates. Sproatt & Rolph, Consultants.
The Canada Permanent Trust Building is designated to be of architectural value as being one of
the finest highrise bank buildings of its period in Canada. Designed using the simplified classical forms of the ''Style Moderne'', it combines an emphasis on its vertical height appropriate to its basic form, with the impressive vaulted banking hall, characteristic of bank
buildings at the beginning of the Century. The building is also important as a part of the Bay
Street canyon of high-rise buildings that has come to be regarded as symbolic of Toronto's financial quarter."
CIBC Mellon
Art Deco architecture in Canada Skyscrapers in Toronto Historic bank buildings in Canada Office buildings completed in 1930 Skyscraper office buildings in Canada {{Toronto-stub
Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...
, 320 Bay Street
Bay Street is a major thoroughfare in Downtown Toronto, Ontario, Canada. It is the centre of Toronto's Financial District and is often used by metonymy to refer to Canada's financial services industry since succeeding Montreal's St. James Stree ...
was designed by the architect Henry Sproatt
Henry Sproatt (June 14, 1866 – October 4, 1934) was a Canadian architect who was prominent during the early 20th century. Born in Toronto, he trained in Europe and in New York City.
He formed a partnership in 1890 with another celebrated arch ...
. It is an 18-storey office building located in the heart of downtown Toronto.
Menkes Developments Ltd. started a major restoration of the building in 2021, improving the quality and service of the space, while preserving the integrity of the structure's history and architectural elements. Menkes plans to enhance the 1930s façade, and has exciting plans for a street level reimagination of the Building. The revitalization of the 300,000 square foot space will include significant electrical and mechanical upgrades.
Heritage Information
The building is designated under Part IV of the ''Ontario Heritage Act
The ''Ontario Heritage Act'', (the ''Act'') first enacted on March 5, 1975, allows municipalities and the provincial government to designate individual properties and districts in the Province of Ontario, Canada, as being of cultural heritage ...
'' since November 26, 1975. There is also a heritage easement agreement on the building, Registered C440805, since January 7, 1988. The building has a heritage designation plaque to inform the public, placed in 1978.
Per the official designation: "The Canada Permannent Trust Building, 320 Bay Street at Adelaide
Street West (SW), 1929-30 by F. Hilton Wilkes & Mackenzie Waters; Mathers & Haldenby, Associates. Sproatt & Rolph, Consultants.
The Canada Permanent Trust Building is designated to be of architectural value as being one of
the finest highrise bank buildings of its period in Canada. Designed using the simplified classical forms of the ''Style Moderne'', it combines an emphasis on its vertical height appropriate to its basic form, with the impressive vaulted banking hall, characteristic of bank
buildings at the beginning of the Century. The building is also important as a part of the Bay
Street canyon of high-rise buildings that has come to be regarded as symbolic of Toronto's financial quarter."
Company Information
The Canada Permanent Trust building was purchased by Menkes Developments Ltd. in partnership with TD Greystone Asset Management in January 2019 and is now known as The Permanent.References
External links
* *CIBC Mellon
Art Deco architecture in Canada Skyscrapers in Toronto Historic bank buildings in Canada Office buildings completed in 1930 Skyscraper office buildings in Canada {{Toronto-stub