Advertisement
Advertisement

Versace to Open 2-Level Canadian Flagship in Yorkville [Renderings]

Date:

Share post:

Italian luxury brand Versace will open its Canadian flagship store in early 2019 in a purpose-built retail complex on Yorkville Avenue in Toronto. It will be Versace’s second store in Toronto and its third in Canada, and will be the latest addition to Yorkville Avenue, which is finding its place as one of Canada’s leading luxury retail addresses.

The two-level Versace store will span 3,000 square feet over two levels at 106 Yorkville Avenue, and will be located between new Brunello Cucinelli and Jimmy Choo stores in the 102-108 Yorkville Avenue building that is currently under construction. The Versace store is expected to carry its iconic fashion collections for both men and women when it opens and will also be LEED Certified.

Stan Vyriotes and David Wedemire of DWSV Remax Ultimate Realty Inc. represented Versace in the lease deal with landlord First Capital Realty

First Capital Realty is developing the 102-108 Yorkville Avenue block, now fully leased, which will also feature a location for chic entertainment concept Her Majesty’s Pleasure on its top level. A high-end Japanese restaurant will also be announced for the lower level in the coming weeks. Brunello Cucinelli will span about 8,200 square feet over three levels at address 102-104 Yorkville, and Jimmy Choo will occupy 2,250 square feet at 108 Yorkville Avenue, which is across a laneway from luxury brand Chanel. Chanel opened its store at 98 Yorkville Avenue in November of 2017 and the beautiful 8,550 square foot store features a heritage facade that was once part of the Mount Sinai Hospital (First Capital Realty also owns that building, as well as several neighbouring properties).

“We are very pleased to welcome Versace’s Canadian Flagship to its home in Yorkville,” said Gregory Menzies, Executive Vice President, First Capital Reality. “Yorkville has long since been the city’s go-to for luxury fashion, and the neighbourhood’s ongoing revitalization makes it the perfect community for a globally-known brand like Versace. 102-108 Yorkville will be a destination to experience a growing list of iconic brands, restaurants and retail.”

Across the street from Versace and the other retailers is Canada’s only standalone store for French luxury brand Christian Louboutin, which opened at 99 Yorkville Avenue in the summer of 2016. The entire Yorkville Avenue is seeing an influx of luxury brands — pricey streetwear brand Off-White opened at 83 Yorkville Avenue in early 2017, joining the likes of Kiton and Richard Mille, which recently relocated to a stunning second-level space at 135 Yorkville Avenue.

Mr. Vyriotes and Mr. Wedemire of brokerage DWSV have been instrumental in transforming the area into a luxury retail destination. They represented Chanel in the deal that saw it move into 100 Yorkville Avenue, and they represented Jimmy Choo and Brunello Cucinelli to move into retail spaces next door. They also represented high-end streetwear brand CNTRBND when it relocated to 135 Yorkville Avenue last year.

Landlord First Capital Realty also owns and operates the Yorkville Village centre across from CNTRBND, which was formerly known as Hazleton Lanes. After an overhaul, the centre now boasts a roster of retailers and restaurants, including standalone locations for Canada’s first Belstaff store as well as North America’s first location for Italian luxury brand Eleventy.

Versace’s first standalone Canadian boutique, spanning 2,820 square feet, opened in the summer of 2014 at Toronto’s Yorkdale Shopping Centre, in the mall’s original ‘luxury run’ which is tenanted by the likes of Tiffany & Co., Moncler and Jimmy Choo. Versace’s second Canadian store, measuring 1,875 square feet, opened in December of 2015 at 747 Thurlow Street at the base of an office tower at the edge of the city’s Alberni Street ‘Luxury Zone’ that also houses Canada’s first standalone Brunello Cucinelli store. Mr. Vyriotes and Mr. Wedemire represented both Versace and Brunello Cucinelli in the Vancouver deals.

The Versace brand, which was founded by the late Gianni Versace in 1978, is seeing a resurgence globally that also includes an expansion of its home furnishings division. In the summer of 2014, Versace partnered with a local Vancouver group to open the world’s first Versace Home flagship store in Vancouver’s Gastown area at 310 Cordova Street. A licensed Versace shop-in-store has also operated at multi-brand luxury store Leone at the Sinclair Centre on West Hastings Street in Vancouver since 1987.

Founded in 1978, the Gianni Versace S.p.A. is one of the leading global fashion design houses. Under the Artistic Direction of Donatella Versace since 1997, the Gianni Versace S.p.A. designs, manufactures and distributes fashion and lifestyle products including haute couture, women’s and men’s ready-to-wear, jewelry, watches, accessories, fragrances and home collection.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More From The Author

John Crombie Shares 6 Canadian Retail Trends to Watch for in 2023 [Interview]

Crombie, who's predictions usually come true, spoke at the ICSC Whistler Conference recently and discussed how retail in Canada is shifting as consumer habits change.

Video Interview: What Matters To Today’s Consumer in Canada

An expert talks about how consumers are looking for discounts and value, their concerns about their finances, how they are making fewer impulse buys and how they expect big companies to do good in society.

Major Condo Tower Rezoning Application Threatens a Block’s Worth of Toronto Restaurants

Developers say that they're responding to shifting urban trends, though only two small commercial spaces are proposed where a block of businesses currently operate.

Hudson’s Bay to Shut Londonderry Mall Store in Edmonton

The retailer will close one of its oldest locations in Alberta this summer as the retailer strategizes the future of its physical stores.

Toronto Six Professional Women’s Hockey Team Retail Presence Looks to Multi-channel Growth with On-Ice Success [Interview]

The President of women's professional hockey team the Toronto Six says that fans of teams are helping create a new revenue source.

Best Retailers for Customer Experience in Canada Ranked in Leger Study [Interview]

Thousands of Canadians were polled to determine which retailers came out on top, with some surprising findings.

Deciem Rebrands Many Stores as ‘The Ordinary’ as Company Shifts Focus and Retail Strategy [CEO Interview]

The popular beauty brand is refocusing some of its stores as 'The Ordinary' as Deciem grows its wholesale business with Sephora, and is also looking to launch new brands through its incubator engine.

Retailers Shifting Loyalty Programs to In-House as Businesses Drop Air Miles and Others [Interview]

An industry expert says that companies such as Starbucks have found success in its own loyalty programs, and consumer confusion with third-party programs is leading more retailers to develop their own.

‘Repair and Run’ Bike Maintenance Retail Concept Expanding to more Locations in Canada after Successful 1st Launch [Interview]

The bike repair business, founded by some of the people behind the launch and success of Mobile Klinik, is seeing success after opening its first store in 2021.

Earls to Launch New Restaurant Concept as Chain Expands Locations [Interview]

The Canadian chain is expanding its operations as consumers embrace in-person dining following the pandemic.

Canadians Should be Checking Receipts at the Grocery Store as Errors are Common [Op-Ed]

Sylvain Charlebois says that Canadians may not realize that the prices on the shelves and what's scanned might be different, and that there's sometimes an opportunity for compensation if there's been an error.

Retailer Bankruptcies Not as High as Expected in Canada Since Pandemic, but Uncertainty Persists: Insolvency Insider

The tsunami of business creditor protection filings didn't happen as predicted, but an expert says that a reduction of locations by some retailers as well as headwinds could lead to industry challenges.

Video Interview: How Red Tape Is Strangling Canadian Small Businesses

Laura Jones of CFIB talks about the impact of red tape on businesses across the country and why it's so important to their bottom line.

Italian Grocery-Restaurant Concept Lina’s Prepares to Open 15,000 sq ft Location in Calgary’s Inglewood [Photos/Interview]

The expanding business is based on the concept of an Italian public square or marketplace, making it a popular hub that has strong consumer loyalty.

Zellers to Launch Food Trucks in Effort to Drive Traffic to Bay Stores

The retailer has also all but confirmed the relaunch to the Zeddy teddy bear mascot as it prepares to open 25 locations inside of Hudson’s Bay stores this spring.

Cineplex Launches New ‘Junxion’ Entertainment Concept with Additional Canadian Locations Planned [Interviews]

The concept features movies, gaming, dining and live entertainment under one roof, with plans to roll it out to multiple Canadian markets this year as part of a growth strategy for Cineplex.

Queen Street West Retailers in Toronto Anxious about Metrolinx Ontario Line Construction [Interviews]

Construction has the community worried that they’ll experience a repeat of Eglinton line ‘nightmare’.

Ron White Marks 25th Anniversary of its Charity ‘Shoe Drive’ [Interview]

The Toronto-based brand, which has stores in the area, is taking in gently used footwear that still have life in them to give to those in need.

Supply Chain Issues for Canadian Retailers Expected into 2025: Expert

Various factors are contributing to ongoing challenges to coordinate the optimal availability of goods says Gary Newbury.

DTC Jewellery Brand Mejuri Continues Ongoing Expansion with More Stores in Key Canadian Markets [Interview]

Calgary and Montreal are the latest cities to see openings for the popular jewellery brand which is looking to gain market share with a growing loyal client base.

RECENT RETAIL INSIDER VIDEOS

Advertisment

Subscribe to the Newsletter

RECENT articles

John Crombie Shares 6 Canadian Retail Trends to Watch for in 2023 [Interview]

Crombie, who's predictions usually come true, spoke at the ICSC Whistler Conference recently and discussed how retail in Canada is shifting as consumer habits change.

Video Interview: What Matters To Today’s Consumer in Canada

An expert talks about how consumers are looking for discounts and value, their concerns about their finances, how they are making fewer impulse buys and how they expect big companies to do good in society.

Major Condo Tower Rezoning Application Threatens a Block’s Worth of Toronto Restaurants

Developers say that they're responding to shifting urban trends, though only two small commercial spaces are proposed where a block of businesses currently operate.

Hudson’s Bay to Shut Londonderry Mall Store in Edmonton

The retailer will close one of its oldest locations in Alberta this summer as the retailer strategizes the future of its physical stores.

Toronto Six Professional Women’s Hockey Team Retail Presence Looks to Multi-channel Growth with On-Ice Success [Interview]

The President of women's professional hockey team the Toronto Six says that fans of teams are helping create a new revenue source.

Best Retailers for Customer Experience in Canada Ranked in Leger Study [Interview]

Thousands of Canadians were polled to determine which retailers came out on top, with some surprising findings.

Deciem Rebrands Many Stores as ‘The Ordinary’ as Company Shifts Focus and Retail Strategy [CEO Interview]

The popular beauty brand is refocusing some of its stores as 'The Ordinary' as Deciem grows its wholesale business with Sephora, and is also looking to launch new brands through its incubator engine.

Retailers Shifting Loyalty Programs to In-House as Businesses Drop Air Miles and Others [Interview]

An industry expert says that companies such as Starbucks have found success in its own loyalty programs, and consumer confusion with third-party programs is leading more retailers to develop their own.

‘Repair and Run’ Bike Maintenance Retail Concept Expanding to more Locations in Canada after Successful 1st Launch [Interview]

The bike repair business, founded by some of the people behind the launch and success of Mobile Klinik, is seeing success after opening its first store in 2021.

Earls to Launch New Restaurant Concept as Chain Expands Locations [Interview]

The Canadian chain is expanding its operations as consumers embrace in-person dining following the pandemic.

Canadians Should be Checking Receipts at the Grocery Store as Errors are Common [Op-Ed]

Sylvain Charlebois says that Canadians may not realize that the prices on the shelves and what's scanned might be different, and that there's sometimes an opportunity for compensation if there's been an error.

Retailer Bankruptcies Not as High as Expected in Canada Since Pandemic, but Uncertainty Persists: Insolvency Insider

The tsunami of business creditor protection filings didn't happen as predicted, but an expert says that a reduction of locations by some retailers as well as headwinds could lead to industry challenges.

Video Interview: How Red Tape Is Strangling Canadian Small Businesses

Laura Jones of CFIB talks about the impact of red tape on businesses across the country and why it's so important to their bottom line.

Italian Grocery-Restaurant Concept Lina’s Prepares to Open 15,000 sq ft Location in Calgary’s Inglewood [Photos/Interview]

The expanding business is based on the concept of an Italian public square or marketplace, making it a popular hub that has strong consumer loyalty.

Zellers to Launch Food Trucks in Effort to Drive Traffic to Bay Stores

The retailer has also all but confirmed the relaunch to the Zeddy teddy bear mascot as it prepares to open 25 locations inside of Hudson’s Bay stores this spring.

Cineplex Launches New ‘Junxion’ Entertainment Concept with Additional Canadian Locations Planned [Interviews]

The concept features movies, gaming, dining and live entertainment under one roof, with plans to roll it out to multiple Canadian markets this year as part of a growth strategy for Cineplex.

Queen Street West Retailers in Toronto Anxious about Metrolinx Ontario Line Construction [Interviews]

Construction has the community worried that they’ll experience a repeat of Eglinton line ‘nightmare’.

Ron White Marks 25th Anniversary of its Charity ‘Shoe Drive’ [Interview]

The Toronto-based brand, which has stores in the area, is taking in gently used footwear that still have life in them to give to those in need.

Supply Chain Issues for Canadian Retailers Expected into 2025: Expert

Various factors are contributing to ongoing challenges to coordinate the optimal availability of goods says Gary Newbury.

DTC Jewellery Brand Mejuri Continues Ongoing Expansion with More Stores in Key Canadian Markets [Interview]

Calgary and Montreal are the latest cities to see openings for the popular jewellery brand which is looking to gain market share with a growing loyal client base.