I watched a Youtube Video about how Toronto is becoming the skyscraper capital of North America and it mentioned that The One (former name) originally had Apple as the tenant for the main floor but Apple terminated the contract with Mizrahi Developments in October 2023 due to construction delays and missed deadlines. Now that Tridel is in control of this project, it would be nice for Apple to occupy the space again as the building was specifically designed for Apple's store and construction has since resumed.
I think the general sense around here is that Apple is the most likely tenant for this space. As you note, it was designed for them, and they're the richest retail company in the world, so if they still want it, they will get it. They probably have just been annoyed and disappointed so many times on this project that they're waiting until they know exactly when they can take possession and build it.
But you never know for sure until the announcement is made, and it could still become the world's biggest pot shop. Or a Dollarama.
From my understanding though, Apple retail is known to be a very tough negotiator. Yes they will spend millions on designing and constructing their stores but they can have very onerous terms for their leases, and rarely actually pay top dollar per square foot. And I imagine One Bloor W is going to want to recoup as much as possible from the tenant. Not saying Apple isn't a possibility, but it'll be a very interesting negotiation.
In reality, Apple Stores contribute a small amount to their revenue, they're more like halo marketing in brick and mortar. So they can hold off for as long as they want, even if the Eaton's location is constantly slammed.
Now that Tridel is in control of this project, it would be nice for Apple to occupy the space again as the building was specifically designed for Apple's store
... or even Nintendo Toronto.I think the general sense around here is that Apple is the most likely tenant for this space. As you note, it was designed for them, and they're the richest retail company in the world, so if they still want it, they will get it. They probably have just been annoyed and disappointed so many times on this project that they're waiting until they know exactly when they can take possession and build it.
But you never know for sure until the announcement is made, and it could still become the world's biggest pot shop. Or a Dollarama.
... or even Nintendo Toronto.
After all, there's Nintendo New York and Nintendo San Francisco.
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Nintendo New York - Wikipedia
en.wikipedia.org
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Nintendo SAN FRANCISCO – Official Website
Explore Nintendo's worlds and characters while shopping exclusive merchandise and the latest releases at Nintendo’s retail location in San Francisco’s Union Square. Shop, join events, and connect with fellow fans.www.nintendo.com
I have been to Nintendo New York in 2016 and it was great.