The Broadview Hotel, the historic four-storey hotel at the corner of Queen Street East and Broadview Avenue, has been bought by a developer and will be transitioned into a different business.

Its most famous tenant, Jilly's, a strip club, will vacate the building when its lease expires. Other hotel occupants will also leave.

With the strip club removed from the corner, the neighbourhood takes a step toward gentrification.

Jilly's strip club

Outside of Jilly's, the strip club on the first floor of the building since at least the 1980s. (David Donnelly/CBC)

Residents are anticipating a revitalization of the building like the Gladstone and Drake Hotels on Queen Street's west end. "I dare say $15 cocktails might be an improvement over $15 strippers," is one comment on the neighbourhood Facebook group I Am A Leslievillian.

The Broadview Hotel

The Broadview Hotel, as it stood in 1945. (Toronto Archives)

The hotel, now called the New Broadview House Hotel, was first built in 1893. Its architecture can be described as Romanesque, with semi-circle arches and a large, tower structure. It was built for Archibald Wayne Dingman, an Ontario oil magnate.

The Broadview Hotel, 1977

The hotel, then called the Broadview House, in 1977. (City of Toronto Archives)

The hotel front and interior has been used in a number of films, including Angel Eyes, Cinderella Man and A History of Violence.

This history is what the developer, Streetcar Developments, aims to restore.

"We will first be focusing all our efforts on making the building safe and restoring it to reflect its place in Toronto's history," said Les Mallins of the development firm.

The Broadview House, 1982

A view of the Broadview House from 1982. (City of Toronto Archives)

The developers are located in the area. Mallins has not indicated exactly what purpose the new building would serve.

"Streetcar does not see this building as a residential condominium project," he said. "We are in the early stages of planning, but our focus is to revive this building to a landmark everyone in the area can be proud of."