Italian luxury brand Moncler will open its third freestanding Canadian store at 131 Bloor Street West (The Colonnade) in Toronto, according to plans released by Colonnade landlord Morguard. Toronto will join Las Vegas as the only North American cities to feature two freestanding Moncler stores.
The Bloor Street Moncler store will measure about 2,500 square feet, according to the Morguard lease plan, taking part of Sephora's current 6,100 square foot space. The floor plan shows the remaining 3,842 square feet as still available for lease.
This summer, Sephora will relocate to a one-level, 8,900 square foot location at nearby 77 Bloor Street West. Construction on the new Moncler store is expected to commence shortly thereafter.
Moncler's first freestanding Canadian store opened in the summer of 2014 at Toronto's Yorkdale Shopping Centre, measuring about 2,525 square feet. A second Canadian Moncler location opened at 742 Thurlow Street in the city's 'Luxury Zone' in December of 2015.
The Bloor Street Moncler deal was co-brokered by Northwest Atlantic Principal/Broker Dianne Lemm and Hanna Struever of Retail Portfolio Solutions in Los Angeles. Ms. Lemm also negotiated the Yorkdale Moncler deal with its landlord Oxford Properties.
Founded in Milan in 1952, Moncler is an apparel and lifestyle brand most known for its down jackets and sportswear. Moncler took its name from the abbreviation of Monestier-de-Clermont, an Alpine town near Grenoble, France. In 2003, the brand was bought by the Italian entrepreneur Remo Ruffini. Although founded in Italy, Moncler’s flagship store is on the Rue du Faubourg Saint-Honoré in Paris. Moncler currently operates 14 free-standing stores in the United States, including locations in Aspen CO, Atlanta, Bal Harbour FL, Beverly Hills, Boston, Chicago, Costa Mesa CA, Honolulu, Houston, Las Vegas (2 locations), New York City, San Francisco and Seattle.