Toronto Workers Club has unveiled a new masterplan, detailing plans to extend its existing Elements Retirement Village and build a new multi-storey hotel above the current clubhouse.
“Our key objective is to establish diversified revenue streams which in turn have long-term viability, whilst providing great facilities for all our 14,000 members and community to enjoy,” the club stated in a development update.
After consulting with “experienced expert advisors” on strategic planning for the club’s future, the club detailed how it will build an additional 19 units at its Elements Retirement Village. There are currently 49 units at Elements.
Additionally, an 80-room hotel will be built above the existing Toronto Workers club building on James street.
The club explained the diversification plans are in response to the “major change” the club industry has been facing in recent years, with “more significant changes expected to come”.
“With this, it is vital that Toronto Workers Club de-risks itself by reducing our reliance on gaming. This has been the driving force behind Elements of Toronto, Toronto Golf Club Driving Range and most recently James Street Car Wash,” the club said.
“We are delighted to announce that we will begin moving forward with an exciting masterplan that will enhance the shape of the community, our members and the area of Toronto itself.”
The club said the construction, however, will “unavoidably lead to the displacement of our bowling green and tennis court facilities”.
“Toronto Workers Club is committed to continue supporting these members and has commenced exploring amalgamation opportunities with alternative sites,” the club said.
Despite this, the construction is expected to create additional job opportunities for local and provide current staff a chance to further advance their careers.
