Prime New Retail Space on Bloor Street West Across from the ROM

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About 8,000 square feet of retail space is now available at the base of 202 Bloor Street West, located on the edge of the city’s luxury shopping area dubbed the ‘Mink Mile’. The space is currently a shell that can be built-out for retail and/or restaurant use.  

Located at the base of the recently completed ‘Exhibit Residences’, the two-level space is located directly across the street from the Royal Ontario Museum (’The ROM’), with a view of the picturesque entrance to Philosopher’s Walk that extends into the University of Toronto Campus. To the west is the popular Annex area, which includes vibrant retail that serves a mixed population that ranges from students to the affluent who live in the area. To the east is the luxury precinct of Bloor Street West, which includes some of the world’s leading luxury brands with names such as Louis Vuitton, Tiffany & Co., Gucci, Prada and Hermes

Immediately east of 200 Bloor Street, as well, is the Park Hyatt Hotel — now owned by Oxford Properties, the historic tower portion of the hotel will soon be converted to luxury rental apartments, with new retail at its base that fronts onto Bloor Street as well as Avenue Road. 

(Retail space is at the base of the new 'Exhibit Residences' -- the white tower at the centre of this tower. Park Hyatt Hotel is to the far right) 

(Retail space is at the base of the new 'Exhibit Residences' -- the white tower at the centre of this tower. Park Hyatt Hotel is to the far right) 

The two-level retail space at 202 Bloor Street West is divided into 4,000 square feet on the ground floor, with an additional 4,000 square feet upstairs. Ceilings are remarkably high on both levels, with the second level featuring a wrap-around balcony with bright south-facing views of Bloor Street West, the ROM, and surrounding area. 

We toured the space with Sales Representative Hilary Kellar-Parsons of brokerage Avison Young, who is listing the property along with Avison Young Principals Eva Destunis and Ryan Hood, as well as Sales Representative Scott Lyall. She explained how the ground floor could be converted to a variety of uses, with a back area that can house a kitchen, if a restaurant occupies part or all of the space. The entire 8,000 square foot space can be leased to one tenant, or it can be demised for more than one, with a variety of configurations available. 

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The immediate area is growing in leaps and bounds, with thousands of new condominium units to be built and delivered over the next several years. Yorkville/Annex has the best of both worlds — it’s a walkable, high density area that also boasts considerable affluence. That spending power is prompting luxury brands to move in spaces nearby, as Yorkville finds its place among the world’s great inner-city neighbourhoods, not unlike Mayfair in London, Salamanca in Madrid, and the Upper East Side in New York City. 

Directly above, as well, is the Exhibit Residences — a high-quality, 200-unit condominium tower built by Bazis Inc.. The unique 32-storey tower, designed by Toronto’s Rosario Varacalli, rises from Bloor Street as a series of four cubes, each slightly rotates and is veiled with fritted glass balconies. Units for sale are asking in excess of $1,000 per square foot. 

The retail component of 200 Bloor Street West is available immediately. For more information, contact Hilary Kellar-Parsons at: hilary.kellar-parsons@avisonyoung.com, or call: 647.868.1913

 

Canadian Retail News From Around The Web: October 3, 2017 [Brought to You by Microsoft Canada]

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