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The Well (retail)

pw20 said:
Couldn't find a thread that was specific to the Well.
Lease plans are up for the Well and show a fair bit have been leased to, IMO, a pretty uninspiring line-up; two banks and Shopper's Drug Mart.

mods feel free to merge if I missed existing thread!
Click to expand...

There was a discussion in the main Well thread on retail back in late March...........started about here:

The Well | 174.03m | 46s | RioCan | Hariri Pontarini

Update from the Joint Venture partners - Allied and RioCan Reits: RioCan and Allied Provide Progress Update for The Well(TM) GlobeNewswire RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) and Allied Properties Real Estate Investment Trust ("Allied") (TSX: AP.UN) today provided an...
urbantoronto.ca urbantoronto.ca

The big tenant here is Oliver and Bonacini. Their food empire has leased 70,000ft2
 
Northern Light said:
There was a discussion in the main Well thread on retail back in late March...........started about here:

The Well | 174.03m | 46s | RioCan | Hariri Pontarini

Update from the Joint Venture partners - Allied and RioCan Reits: RioCan and Allied Provide Progress Update for The Well(TM) GlobeNewswire RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) and Allied Properties Real Estate Investment Trust ("Allied") (TSX: AP.UN) today provided an...
urbantoronto.ca urbantoronto.ca

The big tenant here is Oliver and Bonacini. Their food empire has leased 70,000ft2
Click to expand...
Even so, a sub-thread devoted to the retail component is not a bad idea. This is a huge multi-building development and getting it divided is probably good.
 
DSC said:
Even so, a sub-thread devoted to the retail component is not a bad idea. This is a huge mikri-building development and getting it divided is probably good.
Click to expand...

Yup, totally fine w/it; was just linking back to the previous discussion for reference.
 
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renx.ca

Momentum growing for Toronto’s streetfront retail

Toronto’s streetfront retail leasing and transaction activity is in better shape than many people probably think, according to CBRE. Retail leasing deals were up 60 per cent from Q1 to Q2 2021 and the momentum has continued to grow as
renx.ca renx.ca

Retail leasing at The Well​


The Well mixed-use development in the western part of downtown will have 420,000 square feet of space for retail and food services. RioCan REIT has used CBRE’s assistance to lease 110,000 square feet to date.

Markowitz said fitness club Sweat and Tonic is taking 24,000 square feet. A major restaurant group has leased 78,000 square feet for six different restaurants in various parts of The Well.

Shoppers Drug Mart has leased 16,000 square feet while 10,000 is going to tenants that cater to everyday needs such as banking and barista-style coffee. Other retailers are close to signing leases at The Well, Markowitz added.

Markowitz said The Well’s concourse food hall and market will be larger than 65,000 square feet.

“It’s like the St. Lawrence Market on steroids. It’s going to be something that nobody in Toronto has ever seen before. That’s the true anchor of The Well and it’s super exciting.”
 
AlbertC said:
renx.ca

Momentum growing for Toronto’s streetfront retail

Toronto’s streetfront retail leasing and transaction activity is in better shape than many people probably think, according to CBRE. Retail leasing deals were up 60 per cent from Q1 to Q2 2021 and the momentum has continued to grow as
renx.ca renx.ca

Retail leasing at The Well​


The Well mixed-use development in the western part of downtown will have 420,000 square feet of space for retail and food services. RioCan REIT has used CBRE’s assistance to lease 110,000 square feet to date.

Markowitz said fitness club Sweat and Tonic is taking 24,000 square feet. A major restaurant group has leased 78,000 square feet for six different restaurants in various parts of The Well.

Shoppers Drug Mart has leased 16,000 square feet while 10,000 is going to tenants that cater to everyday needs such as banking and barista-style coffee. Other retailers are close to signing leases at The Well, Markowitz added.

Markowitz said The Well’s concourse food hall and market will be larger than 65,000 square feet.

“It’s like the St. Lawrence Market on steroids. It’s going to be something that nobody in Toronto has ever seen before. That’s the true anchor of The Well and it’s super exciting.”
Click to expand...

Hmmmm - which restaurant group could that be that has at least six different brands? Can we expect a "Landing," a Keg, a Fionn MacCool's, a Montana's, a Swiss Chalet, and a Kelsey's? That, plus Shoppers Drug Mart and a Sweat & Tonic is really exciting!
 
ShonTron said:
Hmmmm - which restaurant group could that be that has at least six different brands? Can we expect a "Landing," a Keg, a Fionn MacCool's, a Montana's, a Swiss Chalet, and a Kelsey's? That, plus Shoppers Drug Mart and a Sweat & Tonic is really exciting!
Click to expand...

Nope, it's O&B

(Oliver and Bonacini)
 
I think this will be an amazing development, but... I have to say, they've leased to a fairly uninspired collection of retail. I'm not sure what else would have worked and certainly the workers and residents need banks and gyms and drug stores, but this is not currently shaping out to be any sort of destination retail.
 
AlbertC said:
Adidas opening a new-format store in the corner unit at Front & Spadina:

retail-insider.com

adidas to Open New-Format adidas Originals Storefront in Prominent Space at The Well in Downtown Toronto [Renderings/Interview]

The brand will launch a new experiential concept store called 'The Collection' and will transition a Queen Street location to a new format.
retail-insider.com retail-insider.com
Click to expand...
god that article has the worst word salad ive ever seen wow

“The Well will be the space that curates moments, captures culture and contrasts our past stories with our future vision.
“The new space at The Well will be an expression of openness. There will be open archives, open collaboration, open source, because collecting is part of what we do. It’s how we track our story and for us we’re always searching, reinventing and innovating.”
Click to expand...
 
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