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.