News   Mar 28, 2024
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News   Mar 28, 2024
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News   Mar 28, 2024
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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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    Mr. Sub vs. Subway

    Mr. Sub sends out flyers occasionally (I got one last week), otherwise the only marketing I see nowadays are ads on the boards/ice at Leafs and Raptors games. I recently heard from a family friend who is involved in a few locations (not around here) that a big chunk of their ad budget is tied...
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    Toronto non-mall retail (Odds & Ends)

    I assume this is the thread for Atrium on Bay, seeing all the Muji discussion is here. Anyway, noticed today that there's a coming soon sign for a Ryerson University campus store in a small space in the basement level on the Yonge end, next to Pickle Barrel. Seems like a curious location to...

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