Canada Permanent Trust Building facts for kids
Quick facts for kids Canada Permanent Trust Building |
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Old photo of the building
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| Type | office building |
| Built | 1928-1930 |
| Architect | F.H. Wilkes, Mathers & Haldenby; Sproatt & Rolph |
| Architectural style(s) | Art Deco |
| Owner | Menkes Developments Ltd. and TD Greystone Asset Management |
| Designated | Nov 26, 1975 |
The Canada Permanent Trust Building is a historic 18-storey office building in downtown Toronto. It is located at 320 Bay Street. The building was finished in 1931. It was designed by the architect Henry Sproatt.
Today, a company called Menkes Developments Ltd. is working to restore this amazing building. They want to make it modern inside while keeping its original look. This includes improving the outside of the building and updating its systems.
A Look at Its History
The Canada Permanent Trust Building was built between 1928 and 1930. It was designed by F.H. Wilkes, Mathers & Haldenby, with Sproatt & Rolph as consultants. The building shows off the Art Deco style, which was popular at the time. This style often uses bold geometric shapes and rich decoration.
The building was once home to the Canada Permanent Trust Company. It was a very important financial building in its day. Its tall, impressive design helped make Bay Street famous as Toronto's financial center.
Protecting Its Heritage
This building is very important to Toronto's history. Because of this, it was officially protected on November 26, 1975. This protection comes from the Ontario Heritage Act. This act helps save special buildings and places in Ontario.
A special plaque was placed on the building in 1978. It tells people about its heritage status. This means the building's unique design and history must be kept safe.
The building is known as one of the best high-rise bank buildings from its time in Canada. It mixes classic design with a focus on its height. It also has an impressive banking hall inside.
The Building Today
In January 2019, Menkes Developments Ltd. bought the building. They partnered with TD Greystone Asset Management. The building is now known simply as "The Permanent."
The new owners are working to update the building. They are making sure it has modern features while keeping its historic charm. This helps the building continue to be an important part of downtown Toronto.
