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The former Ridpath's Furniture store was a 3-storey building in Tudor Revival style. Ridpath's was founded in 1907 by John Ridpath and was sold by his family after his death in the 1950s. Ridpath's Furniture occupied this building from its construction in 1928 until the company's closure in 2011.
After the furniture store's closure, plans were announced for a 23-storey hotel occupying the current site. This hotel would incorpoate the facade of Ridpath's into its design. The proposal also included a 30-storey residential condo at the adjacent 25 McMurrich Street. Later amended proposals changed the height of both towers, and by 2013 the hotel above Ridpath's was proposed at 13 floors.
The Ridpath's building is a good example of commercial Tudor Revival style. Features include side-gable roof, heavy timber beams in the interior, and the decorative facade.
The building was listed on the Toronto Heritage Property Register in 1974.
The building is currently home to The Dalton School, established in 2012.