NIAGARA FALLS, Ont. — Vancouver's 3Bridges Properties (Group) Corp. will be incorporating historic Loretto Academy in its plans to redefine Niagara Falls with a luxury hotel and limited edition residences on the site.
In an interview last week, CEO Dan Zhang told Canadian Lodging News that the Loretto Academy building, with its more than 150 years of history, will be combined with the new building, and that the historical aspect of the project, along with its position overlooking one of the seven wonders of the world, will be what attracts international visitors to the site.
On June 2, representatives from 3Bridges Properties (Group) Corp. gathered with family and friends from Loretto Academy, and government officials, to celebrate the 50th Graduates Reunion from the historic institution, that will be transformed into a luxury hotel and limited edition residences. Starting in 1861, the building was a boarding school run by the Loretto nuns; the mansard roof burned down in 1939; in 1970 it became the Catholic school for Niagara Falls; and after 1982 it was a site for religious retreats for students until it closed in 2006.
“It is a very famous heritage building,” Zhang said. “Queen Elizabeth visited it once.”
The heart of the new complex will incorporate the existing Loretto Academy building with its mansard roof and cupola. These architectural elements will be retained, conserved and restored into its river-facing façade. In fact, said Zhang, the heritage building will be the lobby of the future, and there will be a small museum in the lobby.
The project, Great Falls, has been described by real estate industry experts as the most anticipated building in eastern Canada, located at 6880 Stanley Ave., on 7.385 acres of the most desirable available land in Niagara Falls.
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. This development will transform the cityscape in the Fallsview Tourism District, Niagara Falls’ prime dining, entertainment, and nightlife corridor.
3Bridges plans to retain an architect with global experience and a Canadian contractor. Construction start date has not been announced.
Zhang acknowledges that the design will be challenging. “We are looking for a designer that is world class. There are two reasons why it is hard to find an architect. The first challenge is that we have one of the seven wonders in nature combined with a modern city. We will have a building that is more than a hundred years old combined with modern buildings.
“It is also a challenge to the designer that lots of people care about this site, which is very, very close to Fallsview, attracting tourists from all around the world. This natural wonder belongs to the world, and if the design is not good, everyone will complain.”
This development is Vancouver-based 3Bridges Properties’ first venture outside British Columbia. “We are delighted to be able to introduce what will be three distinctive buildings into the Niagara Falls skyline,” said Zhang.
“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.”
Added Zhang, “Many in Asia know about Niagara Falls but haven’t visited this ‘Seventh Wonder of the Natural World.’ 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.”
In the Niagara Fallsview area, the whole street is hotels, and there are no residential suites overlooking the falls. This component provides a limited opportunity not available elsewhere in the world.
The three buildings which will sit in a park-like setting are designed to maximize views to Niagara Falls. With the new Scotiabank Convention Centre across the street, the hotel, which will be managed by an upper-market brand, will be popular. Visitors and residents will also find the famous John Daly Thundering Waters Golf Club 600 metres to the south.
For more information about the Loretto Academy transformation in Niagara Falls, visit https://3bridgesproperties.com/
Founded in 2014 in Vancouver, BC, 3Bridges Properties (Group) Corp. is bringing international staged real estate projects to Canada, setting a new standard in design. The company is known for building bridges between quality and community, luxury and comfort living, and east and west.
The 3Bridges team has many years of experience completing large development projects worldwide, partnering with established local firms and overseas investors to maximize the end results. A prime example is Gold House at Metrotown in Burnaby, BC, where 3Bridges partnered with Rize Alliance to create two highly successful high-rises.