Not that I have any particular insight into the exterior design or intentions here, but I would hope that the wall becomes a backdrop for fabric banners that might change seasonally for whichever retailers end up in the complex. I'm thinking high-design—not simple , standard, typical, crass advertising—more like some of the banners that appear on lampposts on University and other main streets from time to time. The charcoal tone of the stone will certainly set off anything suspended in front of it.
Inside the building for the moment though, it's scramble time for Menkes as they figure out how to lease the space. Where a lot of other landlords have existing malls with a particular tone to them already, Menkes has to set the tone with whatever anchor comes in here. Chatter includes grocery retailers like Sobeys, etc., or big-boxers like Walmart, Canadian Tire and IKEA… but of course it will all have to do with configurability and suitability of the space and loading/parking facilities, and how close those retailers have existing stores.
It appears that the bulk of the 145,000 sq ft space that Target was going to take was on the third floor, with a lot on the second floor, plus an entrance area on the ground floor on Harbour Street immediately east of the office tower. Based on renderings in our dataBase file, you can see that a PATH network hallway extends along the north side of the second floor, presumably all the way from the PATH bridge from ACC to where escalators connect the PATH to ground level at York Street. The the east-west and north-south PATH hallways on the second floor, it would be easy enough to cut the second floor space up for more, smaller retailers, while leaving the third floor exclusively for a large retailer who can pull people up another escalator to shop.
There will also be a number of retailers opening onto Harbour Street below the east half of the podium, and without direct connections to the interior mall as best as I can figure from the preliminary plans in the City's background files. Those spaces should be attractive to retailers and shoppers once the Yonge-York-Bay off-ramps are taken down and replaced elsewhere.
Looking forward to seeing how this all comes together.
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