Completed in 1906 in the Beaux-Arts-style, the station was designed by architect E. J. Lennox and was built by the Electrical Development Company of Ontario (owned by William Mackenzie, Frederic Thomas Nicholls, and Henry Mill Pellatt) under supervision of Hugh L. Cooper to supply hydro-electric power to nearby Toronto, Ontario.

[3][4] The plant ceased operations on February 15, 1974 as Ontario Hydro looked to make better use of the available water downriver at the Sir Adam Beck Hydroelectric Power Stations in Queenston.

[2][5] The vacant plant was designated a National Historic Site of Canada in 1983, due to its importance in the development of business, industry and technology in Ontario, its status as the first wholly Canadian-owned hydro-electric facility at Niagara Falls, and the unusual application of Beaux-Arts design to an industrial plant.

Structural assessments were subsequently undertaken in order to consider future adaptive reuse options for the facility.

Under the station will remain in the hands of Niagara Parks with Pearle Hospitality as a tenant, with developers will provide the $200 million investment.