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iQ Office Suites renovates Temperance heritage building

One of Victorian Toronto's few surviving Yonge Street mid-rises is getting a new lease on life.

iQ Office Suites has taken two of the four storeys of 140 Yonge Street, at the northwest corner of Temperance, and spent about $1 million turning them into full-service, flexible office space.

The offices will be launching October 1.

Partners Alex Sharpe and Kane Willmott, who plan to expand  iQ into other, similar properties, see what they do as a sort of more accessible version of Woodcliffe's renowned character office spaces. They spent about eight months in renovation, with much of the time and expense devoted to exposing or restoring original details of the Renaissance Revival building. "The building was pretty neglected for the better part of 60 years," Sharpe says.

The interiors were stripped to the original brick, copper detailing around the windows was exposed, and a blacksmith was hired to restore the exterior ironwork. The exterior renovations were funded by the building's owner, Commercial Realty Group, the company that recently bought the Gooderham Building from Woodcliffe. The renovations were overseen by Empire Restoration.

Office space is available from $1,500-$4,900 a month.

Writer: Bert Archer
Source: Alex Sharpe

Do you know of a new building going up, a business expanding or being renovated, a park in the works or even a new house being built in the neighbourhood? Please send your development news tips to bert@yongestreetmedia.ca.

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