A prime retail space at the busiest pedestrian corner in Canada is coming available for lease. The adidas store at The Tenor, located at 10 Dundas East in Toronto will be vacating its premises, presenting an incredible opportunity for a new tenant to occupy the prominent location at the northeast corner of Yonge and Dundas Streets in downtown Toronto.
The retail space itself spans approximately 6,741 square feet on the ground floor, allowing for a flagship retail opportunity with extensive frontage and street front exposure along Yonge Street as well as Dundas Street. Signage opportunities are available on both streets, that allows for ample branding. Included as well are large access doors for the retail space facing onto the busy intersection.
An additional 2,731 square feet of mezzanine can be utilized for storage or other uses, making for a versatile space appropriate for a variety of tenants.
Soaring ceiling heights on the main floor reach 18’10”, creating a sense of volume that makes the retail space feel even larger. The new tenant in this space has an opportunity to create something that is both dramatic and experiential in terms of interior design.
Foot traffic in the area is unparalleled in Canada. An estimated 50 million people visit the Yonge-Dundas area annually, making it one of the busiest places in North America. Vehicle traffic is estimated to be about 5.5 million annually. More than 45,000 students attend the Toronto Metropolitan University (TMU) next door, and there are about 700,000 residents (and growing) within 5 km of the building. The busy Dundas TTC subway station sees about 26.6 million riders annually, many getting off right in front of the 10 Dundas Street East retail space in a building that was recently rebranded as The Tenor.
The Tenor complex, managed by one of Canada’s largest 3rd party property managers, BentallGreenOak, sees about 28.5 million annual visitors, and spans 13 levels with 340,000 square foot retail, office and entertainment space. The tenant mix includes a diverse variety of national brand retailers, restaurants, entertainment, and tourist attractions.
Signage opportunities on the exterior of the iconic building allow for ample branding, including potential exclusive naming rights via zoning-approved first-party rooftop displays which represent an incredible opportunity to create messaging that can be seen from a distance.
Unparalleled access to The Tenor includes direct access to the Dundas Subway and PATH network, as well as Green P parking available nearby.
Nearby, busy Toronto destinations include CF Toronto Eaton Centre across the street, Toronto’s Financial District, Yorkville neighborhood, several research hospitals, Toronto City Hall and Toronto Metropolitan University, among other draws.
The area is growing quickly with approximately 40 residential developments either proposed or under construction within a 1 km radius, which are estimated to add more than 17,000 residential units to the area in the coming years.
Securing this coveted corner retail space is a once in a lifetime opportunity. For more information, contact Jennifer Crispel, Senior Director, Leasing Retail Services at BentallGreenOak at:
Phone: 414-528-8001
Email: jennifer.crispel@bentallgreenoak.com
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Retail Insider partnered with BentallGreenOak for this article. To work with Retail Insider, email: craig@retail-insider.com
