“Today’s (November 12th, 2026) groundbreaking marks an important milestone in the transformation of the historic Toronto Power Generating Station. This remarkable project represents a significant investment in preserving one of Niagara’s most iconic heritage landmarks. … This is the embodiment of Niagara Parks’ mandate in action – protecting and promoting Niagara’s natural and cultural heritage while growing tourism.” – Niagara Parks Chair Graham Coveney
News from the Niagara Parks Commission in Niagara, Ontario
Posted November 13th, 2026 on Niagara At Large
The Power Station on Niagara Parrs lands in Niagara Falls, Ontario. All photo courtesy of the Niagara Parks Commission
Niagara Falls, ON – Niagara Parks, along with Toronto Power Hotel Inc. and its partners, are pleased to mark a significant milestone in the redevelopment of the historic Toronto Power Generating Station as the transformational project moves from pre-construction planning and site preparation, to on-site construction led by general contractor, Deltera Contracting Inc., a member of the Tridel Group of Companies.
On Thursday, November 12, 2026, project partners and Ontario’s Minister of Tourism, Culture and Gaming, Zee Hamid, gathered for a ceremonial groundbreaking overlooking the upper Niagara River. The event marked the official start of construction at the designated National Historic Site, an enduring landmark that reflects the rich history and cultural heritage of Niagara Falls.
In front of this captivating backdrop, speakers highlighted the significant private sector investment of over $350 million by Toronto Power Hotel Inc. to restore and redevelop the property into a brand-new, world-class visitor experience that promises to elevate the entire destination of Niagara Falls.
Groundbreaking ceremony this past November 12th, 2026.
Toronto Power Hotel Inc. is a partnership between Society Developments, which is leading the construction of the project, and Pearle Hospitality, the acclaimed Ontario-based hospitality company behind celebrated destinations such as Elora Mill Hotel & Spa. Upon opening, Pearle Hospitality will manage and operate the property.
Project partners were joined by several speakers who reflected on the significance of the redevelopment and its lasting impact on the region. Niagara Parks Chair Graham Coveney highlighted how the project aligns with Niagara Parks’ longstanding mandate to preserve and celebrate the area’s environmental and cultural heritage.
James Ciancone, representing Toronto Power Hotel Inc., shared the vision for the building’s next chapter, while Ontario’s Minister of Tourism, Culture and Gaming, Zee Hamid, spoke to the considerable economic benefits the project and related private-sector investment will bring to Niagara’s residents, businesses and visitor economy.
Drew Wensley of MT Planners emphasized the importance of the historic Toronto Power Generating Station and its iconic setting above the Canadian Horseshoe Falls within Queen Victoria Park. Jim Ritchie, President and CEO of Deltera Contracting Inc., a member of the Tridel Group of Companies, also discussed his company’s role in bringing the project to life.
To deliver this multifaceted redevelopment, Toronto Power Hotel Inc. has assembled a team of leading Ontario-based firms, including general contractor Deltera Contracting Inc., a member of the Tridel Group of Companies. With the involvement of MT Planners and +VG Architects, both of whom worked on the original visioning exercise for Niagara Falls’ historic power stations, preserving the site’s historic character remains at the heart of the transformation.
With substantial completion of the project expected in 2029, the redeveloped Toronto Power Hotel is expected to create up to 900 new jobs in the region and introduce the destination’s first five-star hotel. Other planned features include free indoor and outdoor public viewing areas, four to five restaurants, a spectacular wellness and social spa, multiple event venues and programming elements including an art gallery and museum.
Quick Facts
- Designed by renowned Canadian architect E.J. Lennox, Toronto Power Generating Station operated from 1906 until it was decommissioned in 1974. It received designation as a National Historic Site of Canada in 1983.
- In the fall of 2021, Niagara Parks launched a three-stage procurement process seeking interest from the private sector to redevelop the building.
- Fall 2023: Pearle Hospitality was announced as the winning proponent. A Letter of Intent was signed, commencing the due diligence phase which required a number of technical studies and heritage assessments.
- Fall 2024: Niagara Parks received official approval from the province to enter into a lease to redevelop the Toronto Power Generating Station through an Order-in-Council.
- Upfront private sector investment of $350 million, along with annual rent payments to Niagara Parks.
- Summer 2025: Pre-construction and site planning continues with the installation of a coffer dam in the upper Niagara River to support construction on the river-side of the building.
- Fall 2026: On-site construction officially begins.
- 2029: Expected substantial completion of construction.
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