Toronto’s historic Broadview Hotel, which houses Jilly’s strip club, has been purchased by real estate developer Streetcar Developments.
But the Riverside landmark at Queen St. East and Broadview Ave. won’t be turned into condos, the company said in a news release on Tuesday.
“We are in the early stages of planning, but our focus is to revive this building to a landmark everyone in the area can be proud of."
The company said its first priority will be to address “significant structural issues” within the building.
"We have great affinity for the neighbourhood and we believe this building is a jewel of Riverside," Les Mallins,president and CEO of Streetcar Developments, said in the release.
“We will first be focusing all our efforts on making the building safe and restoring it to reflect its place in Toronto's history," he added.
