By Sydnia Yu – The Globe and Mail

School has long been out of session at Loretto College, a former all-girls institute on Brunswick Avenue, but two developers hope to bring a different type of class to the establishment.

Empire Communities and Fovere Capital Management Inc. have turned the now empty building into Schoolhouse Lofts, which Karen Kessel, vice-president of marketing for Empire Communities, describes as “a very unique” retrofitting.

The property, which had been vacant for a couple years, was built in the early 1950s. The interiors were gutted to install new components, such as plumbing and wiring, and two levels were added to the three-storey structure to accommodate two-level penthouses with terraces of up to 800 square feet.

But its brick and precast stone exterior, which shows both art deco and modern influences, was preserved, says Suresh Singh, president of Fovere Capital Management.

There are only 19 suites, Ms. Kessel explains. “They’re very spacious suites and they offer a lot of architectural elements that create the charisma and feeling of the building.” Outside, there will be a private courtyard with a landscaped garden and fountain.

The intimate and boutique loft residence is in a sought-after location within an established residential community surrounded by mature trees. “The Annex is known in Toronto as one of the most livable and desirable neighbourhoods in the city,” Ms. Kessel says, adding: “This is the only loft project available in the area right now.”

Interiors by award-winning 3rd Uncle Design Inc. will feature smooth nine- and 10-foot ceilings, full-height windows and open-concept spaces. Units have at least one balcony or terrace, while some have direct street access for a brownstone feel. “It’s all about an extension of living space, particularly being in that type of established residential area where people will be able to go outside and sit and enjoy the atmosphere,” Ms. Kessel says.

Floor finishes include engineered hardwood, 40-ounce broadloom, and ceramic, limestone or granite tiles. Kitchens feature granite or quartz countertops and stainless-steel appliances, including a gas range.The monthly maintenance fee is around 47 cents a square foot.

————————————————————————————————–———-Contact Laurin Jeffrey for more information – 416-388-1960