Originally the site of the Derby Tavern (previously known as William Wright’s Inn), the Derby building pays homage to Toronto’s culture. Twenty-six innovative lofts were designed and built long before the term “lofts” was a buzzword in the residential market. Derby was constructed for less cost than the majority of its competitors and yet offered its occupants a unique, higher quality solution. It was the first two-storey open loft style condominium project in Toronto. The Derby, which stands at the southeast corner of Parliament and King, makes a handsome terminus for the King Street view from the west.