[SteelTown]

Sure enough it's a bank......

"Everyone knows the rust-coloured highrise at King and James as the Stelco Tower, but by 2004 the struggling steelmaker had finished moving out. And that left the top 10 floors of the tower empty.

So Yale Properties -- owners of the Jackson Square retail and office complex -- shut off the bank of express elevators that run from floors 15 to 24.

But now they're switching them back on. RBC Dominion Securities is in the midst of a $2-million retrofit of the 15th floor.

The investment firm has had about two-thirds of the ninth floor for about a decade, but was looking to expand.

Scott MacKinnon, vice-president and branch manager, says they considered locations in Stoney Creek and Ancaster, as they have clients and staff living in both areas.

"But that's why downtown is perfect. It's in the centre of everything."

RBC will have the 15th floor to itself, with a staff of about 65, great views all around.

The floor will also be home to an expanded private banking centre, which serves clients of high net worth, the kind who never stand in line.

Yale Properties says it has an offer in hand for the soon-to-be-vacated ninth-floor space."