“One of the city’s oldest hotels — the 107-year-old St. Regis Hotel — will be closing next month as its owners prepare to demolish it and build a new parkade/retail complex on the Smith Street property.
Ontario-based Fortress Real Developments Inc. purchased the hotel and an adjacent parking lot from the city’s downtown development agency — CentreVenture Development Corp. — in 2015 with the intention of demolishing it and replacing it with an eight-storey parkade/office/retail complex.”