The opening of a new Browns Shoes store on the fashionable Bloor Street West retail strip is the latest indication that an uptick in leasing velocity may be on the horizon in the upcoming quarter. “There’s a lot more leasing activity on Bloor Street than one would assume,” says Brandon Gorman, senior-vice president, broker, agency… View Article
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
Social media exposure and a desire for higher visibility are prompting some health and wellness service providers to move from offices to urban street-front retail locations, according to Toronto-based CBRE broker and urban retail team vice-president Jackson Turner. Moreover, developers and landlords see them as attractive tenants. “Medical and health and wellness operators are a destination,” Turner… View Article
By Tess Kalinowski Real Estate Reporter Donovan Vincent Housing Reporter Prairie Girl Bakery’s fantastically flavoured cupcakes and designer confections have been longtime favourites of Toronto office workers. Before COVID-19, they could be picked up for work events or on the way home from five Prairie Girl stores, including two in the underground PATH at First… View Article
By Retail Insider South Korean ‘naturalism-oriented’ cosmetic brand Innisfree has opened its first Canadian storefront at Toronto’s Yorkdale Shopping Centre. A second location will open soon at CF Toronto Eaton Centre as the company kicks off its Canadian store expansion that will soon also include stores in the Vancouver area. The 2,500 square foot Yorkdale… View Article
By CSA Staff at CSA Selecting the 10 Under 40 class is one of our most difficult annual duties and many worthy nominees don’t make the final cut. Here are 12 of the worthiest. Chris Ressa, 35Chief operating officer, DLCAs a new rep at DLC, Ressa set a torrid pace of more than 25 deals… View Article
Toronto’s famed ‘Mink Mile’, representing a portion of the Bloor Street West roughly between Yonge Street to the east and Avenue Road to the west, is seeing substantial changes with significant new construction and new retailers changing the face of the area. New development is having something of a ‘snowball effect’ in the neighbourhood, including… View Article
San Francisco-based footwear brand Allbirds has opened in a retail space on one of the world’s trendiest areas — Toronto’s ‘West Queen West’, as the brand expands its Canadian presence after opening a Canadian online store in March of this year as well as two pop-ups at Nordstrom. The Queen Street pop-up is being used… View Article
Canada represents a significant opportunity for global luxury brands looking to expand by opening stores: that’s the message being conveyed by experts that see this country as a market with room for further growth. Canada is a market that features a growing population of affluent residents, as well as a growing number of Chinese residents,… View Article
Iconic French luxury brand Hermès has reopened its Toronto flagship, in a retail space that is considerably larger than its former location up the street. The expanded Hermès marks a milestone in the transformation of Bloor Street West, as it continues to attract global flagships. Now located at 100 Bloor Street West, Hermès’ new Toronto flagship includes… View Article