The former Toronto Star building at 1 Yonge St. has been spared from demolition, at least for now. The 1970-built office tower that has been without an anchor tenant for three years will be converted into a hotel as part of a transformative redevelopment currently taking over the skyline. The Toronto Star building was home to its namesake newspaper for 50 years, vacating in 2022 for new digs a few kilometres to the west at The Well. The Pinnacle One Yonge development will soon claim the title of Canada's tallest building with the enormous 106-storey SkyTower now closing in on its final height at the north end of the Toronto Star lands. That tower is already destined to include a hospitality project, with Le Meridien Toronto Pinnacle Hotel set to open within the SkyTower in 2026.