David Mirvish and Frank Gehry to Demolish Princess of Wales Theatre for King Street 'Culture and Condo' Complex

According to the Toronto Star, David Mirvish and Frank Gehry are planning a "culture and condo" complex in Toronto's Entertainment District that would involve demolishing The Princess of Wales theatre.

"We see an opportunity to join our history with Frank Gehry's history and continue our ongoing commitment to the neighborhood," Mirvish told the Star. He continued with regard to The Princess of Wales theatre: "We are dedicated to providing more theatre in Toronto, not less."

Read the original report here.

The plan leaves intact Mirvish's father Ed Mirvish's Royal Alexandra Theatre to the east and covers the north side of King Street West from the corner of John, crossing Ed Mirvish Way. The Princess of Wales Theatre, built in 1993, will be demolished to make room for the new complex. The construction is expected to take from four to seven years.

The center will include one museum to house David and Audrey Mirvish's abstract art collection and another to showcase OCAD University's collection, while offering studios, lecture halls and more. In addition, three 80-story condo towers will top retail space on the ground floor.

Gehry and Mirvish will officially announce the project on Monday, October 1, 2012, at the Art Gallery of Ontario in Toronto, designed by Gehry. Projectcore inc.'s Peter Kofman is set to manage the complex's development and construction.

Pictured: David Mirvish