vatche
Senior Member
How could a tanning salon pay the high rent in this neighborhood ??
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pw20
Active Member
The rates on Bay Street drop SIGNIFICANTLY from Bloor and are probably even less than Yorkville, Bellair and Cumberland. The Regency was looking for only $75-80 a square foot. To put that in perspective - here are some other street-front rents in Toronto:
Bloor Street between Yonge Street and Avenue Road: $300 per square foot
Queen Street West between John Street and Spadina Avenue: $100-$140 per square foot
Yonge Street between Eglinton Avenue and Lawrence Avenue, north corridor: $70 per square foot
There are tanning salons on Yonge between Eglinton and Lawrence.
ACT7
Active Member
It's just really disappointing to see something other than proper retail move into the area. The fact that tanning salons are even expanding is strange, but that's a whole other conversation. Even though the old MAC spot still doesn't appear to have any action, I'd rather the agent hold out and not let it go to some BS tenant that adds nothing to the neighbourhood.
taal
Senior Member
There are a lot of vacancies on Yonge between Eglinton and Lawrence ... I think rates should / will drop a little.
I noticed even more on the Yonge (Lawrence -> York Mills) stretch but they leased up quite a bit.
I heard Queen W rates have also been falling, they skyrocketed over the last year, and mainstream retail just didn't pick up as much as some thought it would on the stretch up to Spadina ... haven't walked that stretch in a while, are there still a lot of Vacancies (this summer there were a few).
I noticed even more on the Yonge (Lawrence -> York Mills) stretch but they leased up quite a bit.
I heard Queen W rates have also been falling, they skyrocketed over the last year, and mainstream retail just didn't pick up as much as some thought it would on the stretch up to Spadina ... haven't walked that stretch in a while, are there still a lot of Vacancies (this summer there were a few).
ACT7
Active Member
Queen West rents came down a bit a couple of years ago but have started to climb back up, more in line with they probably should have been. There was a hope that large retailers with deep pockets would populate the strip but I for one prefer the way it's gone.
prosperegal
Senior Member
Last I checked, they've already begun work on Stuart Weitzman. Anyone know when they're officially moving in?
taal
Senior Member
Good to hear, yea I like the mix of chain / non chain on Queen W now (and of course west of Spadina its an even more interesting mix).
androiduk
Senior Member
This is the old Robin Kay/Eleven shop
Application: Building Additions/Alterations Status: Not Started
Location: 116 CUMBERLAND ST
TORONTO M5R 1A6
Ward 27: Toronto Centre-Rosedale
Application#: 13 118218 BLD 00 BA Accepted Date: Feb 11, 2013
Project: Personal Service Shop Interior Alterations
Description: Proposal for interior alterations basement, ground and second floor of existing building "Bellaire Laser Clinic" (190m2)
Application: Building Additions/Alterations Status: Not Started
Location: 116 CUMBERLAND ST
TORONTO M5R 1A6
Ward 27: Toronto Centre-Rosedale
Application#: 13 118218 BLD 00 BA Accepted Date: Feb 11, 2013
Project: Personal Service Shop Interior Alterations
Description: Proposal for interior alterations basement, ground and second floor of existing building "Bellaire Laser Clinic" (190m2)
ACT7
Active Member
So another freakin' spa of some kind??
themarc
Senior Member
I was really blown away last weekend walking through Yorkville at the number of retail vacancies - not only in Hazelton Lanes but on the main streets too. Anyone else notice this alarming trend? any ideas the cause? Did everyone pick-up and head to Yorkdale???
prosperegal
Senior Member
No, just a lot of changes happening. Most of the spaces on Bloor have been leased (other than the old MAC spot. Cursed, I tell ya!)
By the way, anyone updates on the old Betsey Johnson spot? Looks like only that spot has been leased and not the lower level portion.
taal
Senior Member
Really, last time I walked through Yorkville proper (i.e. not Bloor) the didn't seem like many more vacancies then there were a year ago ?
ACT7
Active Member
Not many at all actually which is part of the problem for retailers - never being able to find adequate space on Bloor or Yorkville in general. Transition is good so long as it's not dry cleaners, dentists, and tanning salons.
taal
Senior Member
Maybe he was referring to the Bloor stretch, in which case yes it looks like there are quite a few, but as discussed here many of those are spoken for.
themarc
Senior Member
Along Yorkville Ave and the within The Lanes there are quite a few new vacancies...