News   May 17, 2024
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News   May 17, 2024
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News   May 17, 2024
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    Toronto 4804-4812 Yonge Street | ?m | 1s | Dov Capital

    I noticed that as well and was surprised when I walked north to see they were in fact converting the Yonge and Empress branch. Perhaps it was a late change (I saw a couple of posts on other forums suggesting that location had been marked for closure too) or perhaps it was an intentional omission...
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    Toronto 4804-4812 Yonge Street | ?m | 1s | Dov Capital

    With RBC's purchase of HSBC Canada completing last Friday and the former having a branch at kitty-corner in Hullmark Centre, looks like the former 7-Eleven space will once again need a new tenant. HSBC signage is already down and this was on the front when I walked by over the weekend.
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    Toronto Aura at College Park | 271.87m | 78s | Canderel | Graziani + Corazza

    Unless Retail Insider's post was up before Ikea put out this press release at 7:30 this morning, neither one is a scoop. (The timestamp on BlogTO's post was after 9:00am.) https://www.newswire.ca/news-releases/ikea-canada-announces-toronto-downtown-store-will-open-on-may-25-872978275.html
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    Royal Bank Plaza Renovations (Oxford, WZMH)

    Good to hear they're investing in the brand. I didn't have high hopes after hearing they'd lost the family connection (and it's a bit above my usual price range regardless). edit: I was misinformed, double-checked and it turns out the family sold their interests well before the bankruptcy.
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    Royal Bank Plaza Renovations (Oxford, WZMH)

    Can't immediately find a better place to put this news than this 13-year-old thread, if this should be elsewhere or in a new thread please let me know. Oxford is apparently set to sell the complex to Pontegadea, the family investment firm of Zara founder Amancio Ortega, per the Globe which...
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    Toronto Discovery at Concord Park Place | ?m | 28s | Concord Adex | BDP Quadrangle

    Very belated followup: This is the sort of thing that usually gets settled well in advance of a trial, so I sense there was a lot of intransigence, bad blood, or both here.
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    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    New CIBC logo is (essentially) official: https://www.theglobeandmail.com/business/article-cibc-launches-first-new-logo-in-decades-as-part-of-plan-to-revitalize/ No updates to the renderings of CIBC Square yet but the article includes this handout photo (or render) of a new branch design:
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    Intercity Bus Services

    Might be worth pointing out here that Greyhound's UK-based parent company FirstGroup is under significant pressure right now to reduce debt, recently agreeing to sell off its North American school bus and transit division. That buyer was apparently not interested in taking Greyhound off their...
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    Toronto Aura at College Park | 271.87m | 78s | Canderel | Graziani + Corazza

    Not common apart from Europe, but they did recently make a similar purchase in San Francisco.
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    Toronto non-mall retail (Odds & Ends)

    Per an email to members, GoodLife claims they are being forced out of their space at 10 Dundas East:
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    Toronto Atrium on Bay Expansion | 114m | 34s | KingSett Capital | Hariri Pontarini

    On the east end of the building, Boathouse recently reduced their footprint, and the balance was just taken over by Long Tall Sally, which moved across the hall despite only renovating a year or so ago. Their previous space is of course adjacent to Muji, which (one can only speculate) might be...
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    Restaurant Comings & Goings

    Dagu Rice Noodle at Bay and Dundas opened tonight. Place seemed to be packed, though they didn’t make much effort to remove the old delivery-service decals from the previous tenant.
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    Sears Canada (1952-2017)

    Yep. Re their Avalon Mall location, St. John’s was basically a captive market for them as the only traditional department store left in Newfoundland. During the oil boom a few years ago, this might have created an opening for Hudson’s Bay to come in, but it may be a longshot in the current...
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    Toronto Eaton Centre

    Well, if that block of the mall can support two Freshly Squeezeds - one on each end...
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    Sears Canada (1952-2017)

    This is just court approval to start liquidation sales for the closings previously announced. No more stores are being closed (yet) beyond those in the original creditor-protection announcement.
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    Restaurant Comings & Goings

    The Bareburger franchise at Bay and Dundas has been closed the past few days. I remember seeing a closure for emergency maintenance a couple of weeks ago (but then reopened), then over the weekend they were closed again with a sign up saying they were having difficulties, "please bear with us"...
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    Toronto Eaton Centre

    Dairy Queen/Orange Julius has a banner up to the effect that their lease is expiring shortly, "thank you for 38 great years".
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    Shoppers Drug Mart

    That may be true but I'd be surprised if it's Nutella, given that the concept isn't exclusive to Loblaws. But along the same lines, I don't suppose they might squeeze in a Joe Fresh there...?
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    Restaurant Comings & Goings

    As per a SIR Corp. press release, their Far Niente, Four and Petit Four restaurants (all in Commerce Court at 187 Bay) will be closing at the end of the month, due to a dispute over lease renewal terms. Edit: actually closing this Saturday, then vacating by end of month.
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    Toronto Atrium on Bay Expansion | 114m | 34s | KingSett Capital | Hariri Pontarini

    As was noted in one of the retail threads, the space Nike is taking (formerly a Guess store) will be a store for their Jordan brand. I work in the area – they are doing extensive work in that space, but the rest of the building isn't affected.

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