Roots to renovate/expand 2 flagships and relocate 3rd

 Toronto Eaton Centre 'Roots Central' [Image Source]
Roots has confirmed new leases for two flagship stores in Toronto and one in Vancouver, and it is committing several million dollars in major renovations to these stores. A third flagship on Toronto's Bloor Street West will relocate.

The stores include the company's two top-performing locations - one at the Toronto Eaton Centre and another at Vancouver's high-profile downtown intersection of Robson and Burrard Streets. The third store involves a relocation from 100 Bloor Street West in Toronto to a smaller location at 80 Bloor Street West

According to lease plans, the Toronto Eaton Centre Roots store is 7,665 square feet. It enjoys a high-profile location adjacent to a mall entrance, and it will neighbour the mall's flagship Nordstrom store which is scheduled to open in the fall of 2016. 

The Vancouver Roots store occupies the same corner as the world's second-largest Victoria's Secret store, as well as a new flagship Lululemon store which is expected to open this summer. Tesla Motors' new store will be half a block east and one of Canada's largest Sephora stores is under construction steps away. Pedestrians will continue to be drawn to the intersection and eastward as Nordstrom opens nearby in the fall of 2015. 

Roots' Vancouver flagship store. Photo: Google Streetview screenshot
"We're particularly excited about these three flagship stores," says Roots co-founder Michael Burdman. "Each one provides an ideal showcase of the entire Roots brand for both our Canadian customers and the many foreign tourists who visit our stores in Toronto and Vancouver. Despite the phenomenal growth of our online business in recent years, our retail stores remain the ultimate, defining experience of our company."

The new Bloor Street store will replace its former 15,000 square foot flagship, located a block west. The store's 6,500 sq. ft. layout is "more ideally suited to the needs of Roots in the Bloor-Yorkville area, Canada's preeminent shopping district," according to the press release. It opens in May, 2014.

At the Eaton Centre in downtown Toronto, Roots will reportedly conduct a major renovation of its multi-level store, known as 'Roots Central'. In Vancouver, Roots will be expanding and renovating its Robson St. flagship store. We're awaiting further details of the Vancouver expansion and we'll report more shortly.

Interestingly, Roots is also enjoying significant growth in Asia. Thanks to a partnership with Taiwan-based partner, Branded Lifestyle, Roots now has 118 stores in Taiwan and China. Branded Lifestyle plans an extensive retail expansion for Roots in Asian to take place over the next three years. 


Source: press release

[Roots website]


[Image Source]
Toronto's 80 Bloor Street West tower will reportedly be demolished. It could be replaced with over 37,000 square feet of luxury retail, topped by a 66-floor condominium tower. The new retail space in the planned tower could be among Canada's most expensive retail real estate.

The current 80 Bloor St. W. tower includes two ground-floor retail spaces. One is occupied by a Banana Republic store, and the other is a Gap Kids store space, now available for lease. A 22,000 sq ft, two-level fitness club is located above the retail and the remainder of the 17-floor building is utilized for office space. 

The proposed replacement retail at the base of the new tower will feature three levels of retail space, including a large concourse level, according to architectural plans submitted to the City of Toronto. The residential tower above would include 565 condominiums. 

Yesterday we reported that over 50,000 square feet of potential luxury retail space was coming available at 100 Bloor Street West. 80 Bloor's retail could provide the street with much needed new retail space, as some brokers are finding it challenging locating Bloor Street retail space for luxury tenants.

Our source for this article is the Urban Toronto Forum. Click here to read more about the 80 Bloor Street West redevelopment proposal.

We'll keep you updated on this exciting development.