TORONTO — Fusioncorp Developments Inc. has been awarded a construction management contract valued at $8 million to convert and expand a five-storey residential site at 45 Mutual St. in Toronto from a residence/commercial building to a hotel.
Called 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. to create the modern exterior and spacious interiors.
“We’re intrigued by this project,” says Nick Ainis, co-founder and 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.
