University Women’s Club of Toronto sells buiilding to UofT
June 16, 2010
TORONTO, ON – The University Women’s Club of Toronto has sold its building to the University of Toronto, the Club and UofT announced today.
The sale of 162 St. George Street, for $4.3 million, was completed May 31, 2010. Under terms of the agreement, the Club will lease the premises for two years while it searches for another location. After that, the site will be redeveloped by the University for academic use.
Founded in 1903, the University Women’s Club of Toronto was the first of its kind in Canada. Its mandate over the years has been to unite university women for social, educational and community work. It has also maintained a strong influence on the education of women.
The Club has made 162 St. George its home for the past 81 years, since its purchase by the Club’s members on November 1, 1929.
“Fewer members and the costs of keeping the house is a reality many have faced,” says Club President Judith Lewis. “We are pleased with the sale and arrangement we have made with the University of Toronto. This was a long chapter in the book of our lives and now is the time to turn the page and start anew.”
The acquisition of the University Women’s Club represents an important strategic site for the University says Nadeem Shabbar, chief real estate officer for the University of Toronto.
“The location is a potential key development site to accommodate the University’s growth,” he says.
For more information, contact:
President, University Women’s Club of Toronto
Chief Real Estate Officer, University of Toronto