The Loretto offers prestigious condo living in the heart of the Annex, a highly desirable neighbourhood known for it's one-way tree lined streets and Victoria-era brick single family homes. The property was previously the home of the Loretto Abbey Day School, a 5-storey heritage building originally constructed in 1914 and converted into condos by Context in 2007. Context are a very well respected developer who were behind many other noteable Toronto properties including the Tip Top Lofts, Kensington Lofts, District Lofts and Mozo. The School building was initially designed to house 48 new condo suites, however subsequent merging of 2 or more suites by the purchasers has reduced the total number of units. In addition, 13 new town-homes were constructed the the former yards to the rear of the building as well as an intimate green courtyard and amenities pavilion constructed over the underground parking garage. The project was designed by Architects Alliance and Quadrangle, and proved to be one of the fastest selling high-end condo developments in the City at the time of launch. The developers had worked closely with local residents during the design phase, to the extent that the Annex Residents Association appeared in support of the design at the Committee of Adjustment.