Fusioncorp Developments Inc. of Toronto has been awarded a construction management contract valued at $8 million to convert and expand a 5-storey residential site at 45 Mutual St. in Toronto from a residence/commercial building to a hotel—Hotel Beebop.
The expansion will add four new levels (48 units with a gross floor area of 18,582 sq. ft.) atop the existing structure, with a similar floorplate. As the construction manager, Fusioncorp will work with the developer Castl Inc. and onespace unlimited inc. (architecture + interior design) to create a modern exterior and spacious interiors.
“We are intrigued by this project,” says Nick Ainis. co-founder & CEO of Fusioncorp Developments. “We have many successful building conversions and expansions in our portfolio and a hotel in the downtown Toronto core is a welcome addition. The address is ranked a walker’s, rider’s and biker’s paradise on Walkscore.com, which is ideal for hotel guests. This conversion poses some challenges, including construction access in such a busy area. We’re looking forward to getting underway.”
Construction is slated to begin later this year. The projected completion date is Spring 2026.
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