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Forum member Observer Walt has posted the following information in the forum in regards to the DeBoer's store location in NYCC:
The DeBoer's store at the southeast corner of Yonge and Hillcrest has been sold. The purchaser is First Capital Realty, a developer of neighbourhood shopping centres, usually in the 50,000 to 75,000 sq. ft. range. I don't know what their plan is for this site. In this location, a retail plaza is unlikely. The more likely development would be either a condo or an office tower, although these are not what First Capital has been known for. The sale price was $14 million. At 30,800 square feet of site area, that's $455 per square foot.
Forum member Solaris reported:
First Capital was also a partner with Urbancorp behind the Fuzion King West condos ... so I wouldn't be suprised if they build a condo at this site (partnered with another builder).
It was only a matter of time for a big piece of land like this in NYCC. Let's hope the future retail somehow matches the current situation.
