Ramako
Moderator
That's good news I guess, but I always wished that somehow that parking lot would become some kind of public square.
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That's good news I guess, but I always wished that somehow that parking lot would become some kind of public square.
taal
Senior Member
Would be an amazing location for one I absoluetly agree ... actually, if you just think of random places in toronto that would benefit from a public square.
This would be #1 on my list ... maybe followed by Yonge and Bloor (the west side would be great too).
gabe
Senior Member
Wow fantastic!! Thank your friend for me! When the weather get's a little nicer i will be going on a book store tour.
krinn
New Member
Couldn't agree more - I'm disappointed in this announcement. Would have been a great spot for a public market like Paddington in Sydney or Camden in London - give this part of Queen back some indie edge. We definitely need more public squares.
JasonParis
Moderator
I think it's ultimately too close to Kensington Market and too "shopping mall'ish" in terms of retail on that part of Queen for a Camden-esque market. It was my hope at one time too, but I think that part of Queen has just changed too much. MEC will be fine I'm sure.
bAuHaUs
Active Member
pw20
Active Member
So the backround to that is that because Loblaws is currently going through competition bureau analysis re. the Shoppers Drug Mart deal and will have to divest of some stores - opening up an additional banner while convincing the competition bureau that they already don't have enough market share didn't make sense. Loblaws still likes the brand and the concept now is not the time...
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smably
Senior Member
Do you know what will become of this space? Will it open as a Shoppers or a Loblaws? I work above this unit and as of last week there was still construction activity downstairs, so it seems like a lot of wasted effort if they gave up on opening up here.
pw20
Active Member
I don't know. They may be deconstructing what they built and giving the space back. Loblaws is under severe pressure by the competition bureau.
bAuHaUs
Active Member
Lifetime's plans for 20 Edward (former World's Biggest Bookstore)...they paid $51.5M for the site.
They are planning a restaurant row to compete with Yonge + Dundas.
http://20edwardretail.com/
They are planning a restaurant row to compete with Yonge + Dundas.
http://20edwardretail.com/
yyzer
Senior Member
Interesting....that's a lot of money to pay for a row of restaurants.....
also reported just now by RealEstateBisNow...
devjohnson
Active Member
These better be some large over the top flagship restaurants who are willing to pay top dollar. Lifetime invested a lot of money just to host some restaurants.
At least we won't have to hear the nay-sayers complain about condominiums. I welcome this restaurant row, if any part of the city is going generic/commercial crazy, Yonge/Dundas area should be it.
bAuHaUs
Active Member
I beleive there's a residential component as well......current zoning allows for it.
pw20
Active Member
May just be temporary (i.e. 5 years). South of Temperance, which opened across Arnell Square in the Bay Adelaide Centre was opened with a demo clause in their lease. They knew full well that they could be kicked out at any time; however, in the three years they were operational - they were one of the highest grossing resto's in Canada by square footage.
GKW
Active Member
How about the first Cheesecake Factory in Canada...any other suggestions?