Certainly tougher to manage than before the pandemic, but opportunities could be there if they find the right tenant at the right price. Just like how the
Art Shoppe Condos has the Oretta restaurant being close to opening. The difference between retail tenancies between that project and Whitehaus is actually pretty stark. As the Art Shoppe is pretty much fully leased out with a variety of retail functions, while this one is struggling to get anyone signed so far.
What doesn't work in their favour here is that it's a 3rd floor restaurant space that they're trying to lease out. There are examples with above grade restaurants can do well whether in Toronto or other cities, but this space looks like a tough one to fill until the ground floor spaces can pick up some momentum first and break the ice on this empty retail shell.