A Niagara Falls landmark will be transformed into a luxury hotel and residences and has been called the most anticipated building in eastern Canada.
At the heart of the development is the historic Loretto Academy building which has its origins in the mid-19th century. Despite a terrible fire in 1938, the building survived and was a school and religious retreat before its closure in 2006.
Now, 3Bridges Properties (Group) Corp. will develop the site as The Great Falls, located at 6880 Stanley Ave., on 7.385 acres of the most desirable available land in Niagara Falls.
The firm’s CEO Dan Zhang says the project will bring distinctive buildings to the Niagara Falls skyline.
“Our corporate vision is building three bridges - of diversified cultures in this multicultural city, of economic development in the area, and of friendship and understanding between Asia and North America. By honoring Loretto Academy’s past, we pave the way for a bright future for this landmark address,” he said.
The 32-storey south tower, 57-storey central tower and 42-storey north tower will include a luxury hotel with world-class amenities and condominium residences above.
The three buildings which will sit in a park-like setting are designed to maximize views to Niagara Falls.
Tourism, jobs boost
“When completed, our project should attract millions more visitors from Asia and boost local tourism and create over a thousand employment opportunities for the Greater Niagara Region. As property developers, we expect this venture to contribute to the local economy and community,” added Zhang.
Zhang and his team gathered this week with family and friends from Loretto Academy and government officials, to celebrate the 50th Graduates Reunion from this historic institution.
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