February 13, 2017

TORONTO, ON. (February 13, 2017)-- Menkes Developments Ltd. (Menkes), a Toronto-based, fully integrated real estate firm today unveiled a public art installation in downtown Toronto, featuring a stencil attributed to the anonymous British artist Banksy, referred to as ‘Guard with Balloon Dog’.

Designed in the stenciled approach to graffiti art associated with works by Banksy around the world, the piece was originally applied to the rear façade of the vacant building previously situated at 90 Harbour Street in May 2010, when Banksy visited Toronto following the release of his film, Exit Through the Gift Shop.  The same weekend in May, six other works attributed to the artist appeared throughout the city.

In 2011, the 90 Harbour Street property was purchased by Menkes for redevelopment and demolition of the building commenced.  Aware of the Banksy work on the building’s façade, demolition crews were instructed to protect the panels of limestone on which the art was applied.  Subsequently, Menkes had the slabs removed, preserved and professionally restored in anticipation of finding a new home for the piece in the public realm.

“Banksy’s visit to Toronto was well documented, so we were aware of the presence of ‘Guard with Balloon Dog’ on the building when we began the process of purchasing the 90 Harbour property,” says Jared Menkes, Vice-President of the High-Rise Residential Division of Menkes.  As soon as we were able to do so, we took steps to protect the piece and were able to preserve and remove the slabs from the building during the demolition process.”

The 90 Harbour Street site was redeveloped into a mixed-use project, encompassing two million square feet of residential and commercial space. The project features two 66 and 70-storey condominium towers, known as Harbour Plaza and a 35-storey AAA commercial office building called One York, all situated on top of a four-storey retail podium directly connected to the PATH system.

Menkes sought to place the Banksy piece in a public space and eventually selected a location in the PATH network adjoining One York. The PATH is downtown Toronto’s pedestrian walkway network that spans 30 kilometres, and features approximately 1200 shops and services, as well as  connections to all the major office towers in the financial core, major tourist and entertainment attractions, six subway stations and the Union Station railway terminal.  The network is primarily underground but south of Union Station it moves above grade. As it crosses One York, the PATH is on the second floor on the north side of the project and this is where the Banksy installation is situated.

“This Banksy piece represents an exciting contribution to the public art landscape in Toronto and we wanted to reintroduce it to the public in a manner that was respectful to its origins,” says Menkes.  “In 2015 we commissioned a limited design competition seeking ideas for its installation, and ultimately selected the concept proposed by Toronto-based designer Johnson Chou.”

Named ‘Speculum’ (the Latin word meaning “an instrument to behold”), Chou’s proposal met the original objectives of both protecting the Banksy piece while displaying it in a publicly accessible way.  It also included the creation of a companion piece, which would, according to the designer, serve as “a critique of the act of viewing art, that of an apparition of the original.”

“As an apparatus for viewing, Speculum is created to evoke the past, define views and movement and create an immersive and interpretive installation,” adds Chou, noting that “as one walks west along the PATH, one sees Speculum, a mirrored, polished stainless steel cantilevered form, that not only guides one past the underside of the escalator, but reflects what is to come around the corner.”

Around the corner, in the ‘recess’, sit the three limestone slabs containing the Banksy work, in its raw form, extracted from the original building’s façade. “The slabs are set off from the marble clad wall that not only evokes the lobby and horizontality of the original building,” says Chou, “but draws passersby around to the back of the work, creating a space away from the flow of pedestrian traffic. This allows one to view an interpretative panel on the history of the building, at one’s leisure.”

The restoration of the Banksy, its re-installation, and the fabrication and installation of Speculum, are all part of a $2,000,000 public art package included by Menkes in the Harbour Plaza / One York project.

Construction of One York (a partnership of Menkes, HOOPP and Sun Life) commenced in January 2013 and the building opened in the Summer of 2016.

Click here to watch the extended behind the scenes video about the restoration process.

Menkes Developments Ltd. is an award-winning, fully integrated real estate company involved in the construction, ownership and management of office, industrial and residential properties. Founded in 1954, the company is one of the largest private developers in Canada, with a primary focus in the Greater Toronto Area. Menkes is known for its innovative, multi-disciplinary approach and particularly for its expertise in large-scale, mixed-use development. Past projects include the Empress Walk entertainment, shopping and residential complex in North York City Centre, the LEED-Platinum 25 York (TELUS House) office tower in Toronto’s South Core district, and the Four Seasons Hotel & Residences in Bloor-Yorkville. The company’s latest project is a proposed waterfront community on an 11.5 acre site in downtown Toronto, which will be anchored by a new two-acre park. For more information about Menkes, please visit