UPDATE: DOWNTOWN TORONTO'S OXFORD PLACE HAS BEEN PUT ON HOLD

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Toronto's proposed Oxford Place mega-project has been put on hold. It would have included a substantial retail mall that could have rivalled the Toronto Eaton Centre in size. Oxford Properties' CEO made this revelation to The Globe & Mail in this article

One of the reasons the project was put on hiatus is because the City of Toronto voted against allowing a casino on the premises. A casino was considered to be key for Oxford Place's success. 


We first reported on Oxford Place in October, 2012. The ~1 million-square foot retail project could have housed multiple anchor tenants as well as a massive shopping centre. We subsequently provided renderings of the project, raising optimism that a substantial luxury retail component could be included.



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Other new Downtown Toronto shopping centres may still be developed. In November 2012, we reported on a possible half-million square foot mall where the Globe & Mail headquarters are currently located. In January we reported on a retail component that could be part of a major residential/commercial project at the foot of Yonge Street.  In March we reported on a proposal for a 750,000 square foot mall as part of a proposed mega-project at Toronto's Exhibition Place. Most recently, we reported on a possible large shopping centre adjacent to Toronto's Ryerson University

Source: Globe & Mail article


[Oxford Place website]


[Oxford Place proposal]


[Oxford Properties website

Stunning Oxford Place Renders

Corner of John & Front Streets. [Image Source]
Oxford Properties has provided several optimistic renderings of its proposed Oxford Place in Downtown Toronto.  The development may be contingent on the project securing a casino component. After yesterday's announcement that Cadillac Fairview has partnered with MGM Resorts for a Greater Toronto Area casino, Oxford Place's development may be downscaled. We cannot confirm anything yet so we are instead posting these stunning renders of a project that we hope is built.
Front Street, looking south towards Lake Ontario. [Image Source]
We previously reported that Oxford Place could include a 1million square foot retail component, housing such department stores as La Maison Simons and Nordstrom. Again we have no updates at this time, given the preliminary nature of this proposal.

Toronto City Counsel votes on the future of city casino proposals in April. Retail Insider will be watching closely to see if Oxford Place will become a reality one way or another. 
Rendering of the proposed retail component. [Image Source]
Thank you to 'toforumer' at urbantoronto.ca for posting these fabulous photos, extracted from the .pdf provided by Oxford Properties, link below. 


Oxford Properties website: www.oxfordproperties.com


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ANOTHER Large Retail Development for Downtown Toronto

Queens Quay at Freeland Street in Downtown Toronto. Image: Hariri Pontarini Architects 
Downtown Toronto will be getting another large retail development, this time at the base of an impressive multi-tower proposal a the foot of Yonge Street near Lake Ontario. Ground-floor retail is proposed for what will include four residential towers up to a whopping 98 floors in height.

We are told that one of the retail tenants may be a larger-format grocery store, while one retail analyst speculates that a large format fashion retailer could also move into the retail portion of the project. Vancouver-based Pinnacle International is building the project on a city-block bound by Yonge Street on the East, Queens Quay to the South, Freeland Street to the West and Lake Shore Boulevard to the North. (see diagram, below).
Diagram of Pinnacle proposal. Image: Hariri Pontarini Architects 

Urban grocery stores are being built quickly across the country. Downtown Toronto already has a substantial number of grocery food retailers, and will be opening many more (including a new Whole Foods West of Downtown Toronto and a few others we will reveal in the coming weeks). We previously wrote an article on similar downtown retailers opening in 'Downtown Canada'.

Readers should note that this project is only a proposal but nevertheless, a substantial retail development is guaranteed for this site.

A commercial real estate broker has told us Target is looking for more than one Downtown Toronto location, and that this site could be desired but for the fact that retail on this site won't be available for a few years. Nevertheless, the density and vibrancy of the 'South of the Gardiner' section of Downtown Toronto is ripe for retail development at a scale previously unheard of.

This retail project joins a growing number of other Downtown Toronto retail projects we've reported on, including Oxford Place and the new Globe & Mail Centre complex.

[Source: Forum member @ UrbanToronto.ca]


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Upscale Mall Planned For Toronto's Current Globe and Mail Headquarters

Today we got word that a "unique and upscale" 500,000 square foot shopping centre is planned for the site currently occupied by Toronto's Globe & Mail (newspaper) headquarters. The project would also include residential and office components, as well as a smaller hotel.

As we reported earlierThe Toronto Eaton Centre's non-anchor square footage is 582,000 square feet (excluding Sears, Canadian Tire and Best Buy).

Toronto's Globe & Mail will move into a newly-built building at the corner of Front Street West and Spadina Avenue. This will leave a large site to be redeveloped as described above.

We have been told that the developer will court a variety of retailers, both local and international. It will be targeted as being 'upscale', though we have been provided few details about possible retailers at this time.

We received this information from a broker involved in a deal where Riocan Trust and Allied Properties REIT are finalizing a deal to purchase the current Globe & Mail site, shown on the map above. Once finalized, a development proposal will be presented to Toronto City Hall.

This is the second recently-announced shopping centre for Downtown Toronto. Earlier we reported on the proposed Oxford Place near Toronto's CN Tower.

Keep watching Retail Insider for updates. We've got the inside scoop on this exciting development!


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New Renderings of Toronto's Proposed Oxford Place

Proposed casino at Front Street and Blue Jays Way. Image: Caesars Entertainment Corp &Rock Gaming LLC
Today we received two renderings of the proposed Toronto Oxford Place. The project's proposal includes a Caesar's-branded casino, convention centre, two towers (office and residential) at over 1000 feet each, and two substantially tall hotel towers. These would be located above an approximately 1million square foot retail destination.
Image: Caesars Entertainment Corp &Rock Gaming LLC

Interestingly, the project could also include a performance stage beside a public green space, as per the image above.

Below is another image of the proposed park. It would be built over a current set of commuter train tracks...
Image: Oxford Properties
An Oxford insider will be sending us some draft retail floorplans next week. We have been told that these include two large anchor tenants and at least one smaller anchor tenant. The smaller anchor could be hr2 by Holt Renfrew, according to our Oxford Source (this is speculative and not confirmed).

Watch this site for floorplans and updates!

Oxford Properties website: www.oxfordproperties.com



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Nordstrom, Simons,Target or Walmart in New Downtown Toronto Mall?

Proposed Oxford Place. Image: Oxford Properties

We have received word that Oxford Properties' proposed new Downtown Toronto shopping centre is already being eyed by retailers such as Nordstrom, La Maison Simons, Target and Walmart. A new 1million square foot shopping centre is being proposed by Oxford (along with convention/office/residential/hotel space and possibly a casino) which may rival The Toronto Eaton Centre for patrons and possibly exceed its size. The mall would be located on a mult-use, 11 acre site beside the Rogers Centre and the CN Tower.

Nordstrom, Simons, Walmart and Target are actively seeking downtown Toronto space and have expressed frustations at lack of retail availability. The Toronto Eaton Centre is space-limited, and Sears doesn't seem willing to give-in to Cadillac Fairview's offer to buy-out its lease for a new flagship Nordstrom store (or for Simons, also eying a chunk of Sears' space). We reported earlier that Nordstrom is seeking 225-270,000 square feet, while Simons wants 100,000+ square feet in Downtown Toronto.

The Toronto Eaton Centre's non-anchor square footage is 582,000 square feet (Sears, Canadian Tire and Best Buy add another 1.035million square feet). The proposed Oxford Place would be around 1 million square feet, making it possibly 'grander' than Toronto's Eaton Centre's non-anchor retail portion. More importantly Oxford Place could become home to substantial anchor-tenants, ranging from lower-end big box retailers to large luxury retailers, depending on what the landlord deems marketable.

Oxford is in the preliminary planning stages of its new project, and we've been told that it is being pressured to bring forward its planning application to Toronto City Hall 'asap' by potential tenants desperately seeking large downtown retail spaces. We will keep you updated on what might become a very exciting Canadian retail development.

Oxford Properties website: www.oxfordproperties.com

Toronto Eaton Centre website:  www.torontoeatoncentre.com

La Maison Simons website: www.simons.ca


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