Word had been it was definitely to be smashed, but today's (PDF) Metro says
The city closed the intersection on Oct. 19 after the building, called Somerset House, partially collapsed. The building’s owner has since obtained a court order permitting time to try to fix the heritage building, rather than tear it down. There’s little to be done to speed a court ruling on the building’s fate, but LePage wants the city poised to act once the decision comes down. “If they get an order to demolish, then demolish immediately … Make sure the mechanisms are in place to demolish in a very quick order of time.”
UPDATE 2007-12-09: The Ottawa Citizen has an article today
Somerset House narrowly avoided being razed last week, but there's still no guarantee that the heritage building will be saved.
"There's great potential, but if anyone lets up or loses track, we still could lose this building," says architect Derek Crain, who has been involved in renovating the 1896 structure.
Somerset House is a key landmark at the corner of Bank and Somerset West streets that owner Tony Shahrasebi, city heritage staff, the community and Bank Street businesses all think should be preserved.
the project has been plagued with safety violations -- more than 50 since 2005.
"Someone at the city has clearly dropped the ball on this," says Jay Baltz, chair of the local architectural conservation committee, which advises city council on heritage matters.
"There has been ample opportunity for the city to have inspected the site before the building started falling down," he says.
"The owner -- again, in my opinion -- cut corners and caused this problem by trying to do the renovations without having people with the necessary expertise in renovating heritage structures involved."
For his part, Mr. Shahrasebi says he has lavished money and sincere effort on the project.