SUITSUPPLY TO OPEN FIRST CANADIAN STORE ON TORONTO'S HAZELTON AVENUE

Rendering of Toronto's new Suitsupply store. We borrowed this image from an article published by Sharp for Men Magazine

Dutch men's suit retailer Suitsupply will open its first Canadian store location at 9-11 Hazelton Avenue in Toronto. The store is expected to open in January 2014, according to popular menswear website Sharp for Men. It will be the 47th store location for the retailer.

For those unfamiliar, Suitsupply is a vertically integrated men's suit retailer that was started in 2000 in Amsterdam. It has received many awards and was voted #1 men's suit retailer by the Wall Street Journal. Prices start at around $400 and both quality and style are considered to be exceptional.

Suitsupply is known for choosing 'unconventional' retail locations. Its Chicago store, which opened over a year ago, is located on the top floor of a former Barney's New York store and features a penthouse roof garden. 

Suitsupply has 6 American store locations and it's growing quickly - it expects to have 11 American stores within a few months, according to its website.

The new Hazelton Avenue Suitsupply will be across the street from upscale shopping centre Hazelton Lanes. Hazelton Lanes is slated to see a substantial expansion and renovation as it attempts to secure luxury retail tenants.

We'll keep you updated as to any other possible Canadian store locations for Suitsupply.

[Article Source: Sharp for Men]

[Suitsupply website]

VERDURA JEWELLERS OPENS FIRST CANADIAN SHOP IN TORONTO

Photo: Mindham Fine Jewellery Facebook Page

NYC-based luxury jeweller Verdura opened its first Canadian store location yesterday in Toronto. It's a shop-in-store located within Mindham Fine Jewellery at 37 Hazelton Avenue in Toronto's affluent Yorkville area.

Later this month, the company will unveil Coco Chanel's original early-1930's Maltese Cross cuffs, created by Verdura. It will be available at the Toronto store. 

The Mindham Fine Jewellery store occupies a former home and is across the street from Hazelton Lanes, a shopping centre that will see an expansion and renovation to include more luxury retailers. The store's owner, Miles Mindham, is also a jewellery designer. The store includes his designs as well as designer timepieces by the likes of Franck Muller and Bedat & Co.

Verdura operates one retail location in Manhattan, and is distributed through selected retailers including Neiman Marcus.

Thank you to Retail Insider ACT7 of Urban Toronto for providing us with this article's tip.

[Mindham Fine Jewellery website]

[Verdura website]

HAZELTON LANES UPDATE: COULD IT INCLUDE AN UPSCALE DEPARTMENT STORE?

New Hazelton Lanes renderings, including the Avenue Road/Yorkville Avenue corner. Photo: Greybrook Realty Partners 

Toronto's Hazelton Lanes will grow even larger than anticipated, and it could include an upscale department store. We previously reported that Hazelton Lanes' landlord was seeking to renovate the mall for luxury tenants, and we posted the originally proposed lease plans for the project. The mall's owner has since secured space for further development. Hazelton Lanes will therefore become even larger than we expected, expanding to the corner of Yorkville Avenue and Avenue Road. 

Originally, that corner site was to be developed by landlords Empire Communities and Greybrook Realty Parnters. It would have included some retail underneath a luxury residential highrise. Empire/Greybrook have decided to align with Hazelton Lane's landlord First Capital Realty to create a substantially larger Hazelton Lanes with a corner retail presence. This development was first mentioned in a Toronto Star interview, which was published on website Urban Toronto


This latest expansion will create a substantial amount of new retail space for the Yorkville area. However, being about two blocks north of popular Bloor Street, the expanded Hazelton Lanes may have difficulty attracting desired luxury tenants. A possible solution would be securing an upscale anchor which would attract more shoppers to Hazelton Lanes, thereby setting the stage for the luxury retail it desires. One such anchor would be a department store like Bloomingdale's. This would be a score for the mall's landlords. 


Bloomingdale's stores have traditionally been over 200,000 square feet. Lately, though, Bloomingdale's has been opening smaller stores. Its new Glendale and Palo Alto California stores will be about 120,000 square feet, and its Honolulu store will be 167,000 square feet. An expanded Hazelton Lanes could possibly offer space for such an anchor.


We would like to be clear that Bloomingdale's at Hazelton Lanes is speculation. At the same time, we've been told that there are rumours that Bloomingdale's may be part of the retail assortment being proposed to brokers seeking to fill Hazelton Lanes with luxury retailers. We doubt Bloomingdale's would move in, though we're keeping an open mind. We'll keep you updated on the expansion and renovation of Hazelton Lanes. 


[Hazelton Lanes website]


HAZELTON LANES RENOVATION FLOORPLANS

Proposed street level plan, Hazelton Lanes. Source: Kasian/First Capital

These are the proposed lease plans for Toronto's Hazelton Lanes renovation (see above and second-to-last image). Yesterday we reported that Hazelton Lanes will undergo extensive renovations to attract more luxury tenants. From the looks of the plans, most of the mall will see an overhaul. The future of anchors Andrews (department store) and Equinox Fitness are in question, as they appear to possibly be absent from the new plans. However some anchors, including Whole Foods, will stay.


Current street-level plan of Hazelton Lanes [Image: First Capital Realty]

The current Hazelton Lanes floorplan (above) includes department store Andrews, which has two retail levels. We're not sure if Andrews will be part of the mall, though it's possible it could be relocated to two larger retail spaces, one above the other, near the new oval atrium area. Noticeably absent from the new plans is Equinox Fitness, as its current space appears to be dedicated to retail in the new plans. 

136-138 Yorkville Avenue, to be demolished for Hazelton Lane's Yorkville Avenue Entrance

Proposed Yorkville Avenue entrance, to replace 136-138 Yorkville Avenue

First Capital recently purchased 136-138 Hazelton Avenue with the intention of demolishing structures for the mall's southward expansion. However, we don't yet have modified lease plans for a southward expansion of Hazelton Lanes to include an entrance on Yorkville Avenue.

Proposed street level plan, Hazelton Lanes. Source: Kasian/First Capital

We're hoping to soon learn of which luxury retailers will sign up for space at Hazelton Lanes. Given the challenges of finding space on Bloor Street, some luxury stores may see Hazelton Lanes as a viable alternative to Bloor. And having one landlord could give Hazelton Lanes an edge in securing tenants over Bloor Street, where retail space is owned by multiple parties.

Current lower-level plan of Hazelton Lanes [Image: First Capital Realty]


We encourage commercial real estate professionals involved with the Hazelton Lanes project to keep us updated on the mall's possible tenants. We'll keep sources confidential. 

[Hazelton Lanes website]

HAZELTON LANES TO RENOVATE FOR LUXURY RETAIL

 Image:  Kasian /First Capital

Image: Kasian/First Capital

Toronto's Hazelton Lanes shopping centre is looking to get back into the luxury retail game. Landlord First Capital Realty is said to be negotiating with some of the world's top luxury retailers (rumours include Salvator Ferragamo, among others). If successful, Hazelton Lanes could once again rival neighbouring Bloor Street as one of Toronto's luxury shopping addresses.

 Image:  Kasian /First Capital

Image: Kasian/First Capital

For those unfamiliar, Hazelton Lanes is an upscale retail complex located in Toronto's affluent Yorkville neighbourhood. Hazelton Lanes' first phase (55 Avenue Road) was built in 1976 and was constructed specifically to be a small (60,000 square foot) luxury mall. Because it opened before the Toronto Eaton Centre, it managed to secure perhaps more upscale retailers than it otherwise would have. At the time, Toronto lacked luxury retail, save for Holt Renfrew (in a 60,000 square foot store at 144 Bloor Street West, now Burberry), womenswear retailer Creeds, and The St. Regis Room (now 'The Room' at Hudson's Bay) at Simpsons, Queen Street.

 Image:  Kasian /First Capital

Image: Kasian/First Capital

We've got Hazelton Lanes renderings, a video presentation and lease plans. We'll post the renderings and video today and the lease plans tomorrow, to keep this article relatively brief.

Above is a video provided by First Capital showing their vision for the new Hazelton Lanes. Thank you to pw20 of Urban Toronto for locating the video.

 Image:  Kasian /First Capital

Image: Kasian/First Capital

Hazelton Lanes almost tripled in size in 1988 (adding address '87 Avenue Road' as its north portion) and became host to even more luxury retailers. The recession that hit Toronto a couple of years later resulted in many luxury stores closing at Hazelton Lanes. The mall's awkward configuration, low ceilings and inconveniently-located entrances didn't help things, either.

 Image:  Kasian /First Capital

Image: Kasian/First Capital

Hazelton Lanes eventually became more of a neighbourhood shopping centre (albeit an upscale one) of almost 237,000 square feet with anchors including Whole FoodsAndrews department store, an 18,000 square foot fashion retailer called TNTEquinox Fitness and Rexall Drugs.

 Image:  Kasian /First Capital - Click to enlarge

Image: Kasian/First Capital - Click to enlarge

Things are about to change in a big way for Hazelton Lanes. First Capital will renovate the entire Hazelton lanes and modernize the complex to include an oval-shaped central atrium as well as reconfigured entrances. An entirely new entrance will be located on Yorkville Avenue, providing better pedestrian access to the mall from affluent Yorkville.

We'll post and discuss Hazelton Lanes' lease plans tomorrow. Thank you to a source who wishes not to be named for providing us with renderings and lease plans for Hazelton Lanes.

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