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This substantial brick building was never identified as having heritage value in the discussions between the City and U of T during the 1990\'s. Even though it has significant features and was designed by an important firm which might have been enough to warrant protection in another neighbourhood, as U of T needed to have space for potential expansion this building was given a lower rating when compared to other buildings on campus. It is to be replaced by the new Shwartz-Reisman Innovation Centre. Construction is expected to begin in the fall of 2019.
The building was built in 1930 by the firm Darling and Pearson, after the death of Frank Darling in 1923. It housed the Banting Institute, named after Sir Frederick Banting one of the team who discovered insulin between 1920-22. A handsome robust brick building, which was not given heritage status when properties on the University of Toronto campus during the 1990's, it is slated to be replaced by a new research centre designed by Manfredi Weiss in partnership with local Teeple Architects.