Niagara Parks has announced plans to redevelop the historic Toronto Power Generating Station, turning it into the town’s first five-star boutique accommodation. The historic landmark overlooking the Canadian Horseshoe Falls will undergo a $200 million renovation by Pearle Hospitality.
“Toronto Power is a globally recognized landmark of Canadian architecture and industry that has stood as a central feature of the Niagara Falls landscape for over a century. Overseeing its preservation and transformation from a dormant heritage building of national significance into a brand-new, one-of-a-kind visitor experience for the benefit of local residents and tourists alike, is the embodiment of what Niagara Parks stands for as an organization. This transformational investment will elevate the entire destination of Niagara Falls, solidifying its status as a global tourism icon for generations to come.” said April Jeffs, chair of the Niagara Parks Commission.
Pearle Hospitality brings a depth of experience in the reimagining of notable heritage properties across the province into dynamic, location-defining experiences, such as the Elora Mill Hotel and Spa, the Cambridge Mill, and the Ancaster Mill, demonstrating a meticulous approach to restoration, sense of place and design.
The redevelopment plans prioritize public access with several indoor and outdoor public viewing areas including a museum, public art gallery, a range of culinary options, event and programming space and more.
The ambitious plan is to fulfill Niagara Parks mandate to preserve a nationally significant heritage building which will grow tourism in Niagara and Ontario and generate new revenue for the organization.
Construction is expected to begin in mid-2024, with an opening in 2027.
“Niagara Falls is already an iconic destination. Our vision for this project will let visitors enjoy the Falls experience in exactly the type of breathtaking hospitality venue that one of Canada’s foremost natural wonders deserves.” said Brian McMullan, director of business development for Pearle Hospitality.