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OCAD University announced Thursday it will name its part of the dramatic cultural-condo complex proposed by David Mirvish and Frank Gehry after the late Princess Diana.

The proposed Princess of Wales Visual Arts Centre at OCAD University is a 25,000 square foot facility and one of two cultural centrepieces of the project unveiled in October by theatre impresario Mr. Mirvish and Mr. Gehry, the renowned architect behind the Art Gallery of Ontario’s redesign.

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Their vision would overhaul a stretch of King Street by tearing down the Princess of Wales Theatre and erecting three residential towers, a new Mirvish Collection museum, retail space and OCAD U’s new building.

“The Princess of Wales has long been associated in Toronto with excellence in the arts,” Sara Diamond, president and vice-chancellor of OCAD U said in a statement.

“This new arts-dedicated facility provides a means to honour a legacy that associates the creative and socially transformative virtues of art with the Princess of Wales’s legendary dedication to young people, intergenerational exchange and social concerns such as violence, poverty and HIV education.”