As department store chain Nordstrom makes its exit from Canada, landlords are facing a challenge to find new uses for more than a dozen sizable stores in high-end locations across the country. The retailer is expected to vacate six Nordstrom and seven Nordstrom Rack locations by the end of the month, leaving landlords such as Cadillac Fairview and… View Article
Austrian crystal brand Swarovski has launched its ‘Instant Wonder’ flagship concept store in Canada with a single location on Bloor Street in Toronto. It is one of a select few stores for the new concept globally with the store replacing a previous Swarovski location that recently closed nearby. The new 1,900 square foot Instant Wonder Swarovski is… View Article
Real estate company CBRE’s Urban Retail Team is working with the Joey Restaurant Group as their exclusive broker to assist with site selection for expansion of the brand across downtown Toronto and Ottawa. Teddy Taggart, Associate Vice President of CBRE’s Urban Retail Team, is working with Arlin Markowitz, Executive Vice President of the Team, to find locations in urban… View Article
The historic building at 77 Yorkville Avenue in Toronto, currently housing a beautiful Isaia flagship store, was recently sold at a record-breaking price to an unnamed investor. Arlin Markowitz of CBRE and Kevin Gillen of real estate firm Gillen were the listing brokers representing the vendor ProWinko Canada, and Jordan Karp and Ryan Morein of Savills Canada represented the buyer. We were asked not to reveal the purchase price publicly… View Article
Upscale New York City-based women’s fashion brand Veronica Beard has opened its first Canadian storefront at 111 Yorkville Avenue in Toronto. The location features a unique facade in a double-townhouse that was recently renovated. The new store spans about 1,800 square feet and houses Veronica Beard’s women’s ready-to-wear collection and staples such as the Dickey Jacket, scuba… View Article
TORONTO – When the COVID-19 pandemic struck and many abandoned in-person shopping and dining out, brick-and-mortar retail became one of the most undesirable assets in Canada. But now, as many Canadians no longer fear congregating and vaccine passports have been dropped, real estate firms say retail and restaurant chains are scrambling to pick up space… View Article
A commercial real estate report by CBRE says the retail market continues to evolve and adapt to the changing landscape, and innovation and a focus on experience will see the sector reinvigorated this year. The Canada Real Estate Outlook said consumer confidence remains positive and spending is forecast to stabilize in 2022. “I think going into the… View Article
It’s not often that a single development poses the potential to impact a neighbourhood or district so dramatically that it completely changes the gravitational attraction within the area. And, just as seldom are these types of endeavours completed within a single phase of construction. Afterall, the magnitude of any project hoping to impose this kind… View Article