New Upscale Retail and Dining Coming to Yorkville Village

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Yorkville Village, Toronto’s upscale shopping destination, continues to evolve with new tenant additions and retail opportunities. Landlord First Capital REIT has been actively reshaping the tenant mix to create a dynamic community hub, blending luxury retail, wellness, and dining. The ongoing transformation underscores the mall’s commitment to enhancing the shopping experience and solidifying its status as a premier retail destination in the city.

Several prominent retailers and brands have recently opened at Yorkville Village, bringing a diverse array of shopping and lifestyle options. Furniture retailer Ethan Allen debuted a 4,138-square-foot store on February 10, offering high-end home furnishings and interior design services.

Ethan Allen store at Yorkville Village. Photo: Craig Patterson

Luxury jeweler White Carat Co. & Franky Diamond has also joined the retail lineup, with a newly opened 1,800-square-foot boutique. The locally owned jeweler, known for its custom designs, bridal collections, and celebrity clientele, is finalizing its store setup.

In the automotive sector, Grand Touring Automobiles has converted the former Polestar space to an exclusive exhibit of small off-road vehicles from prestigious brands such as Bugatti, Ferrari, and Aston Martin. This prime Avenue Rd facing, 1,832 square foot space, will be available for lease as of December 2025.

Other notable additions include bridal retailer Estrelle Bridal, which opened its doors several months ago on the second level next to White Carat Co., and skincare brand Novado by Voupré, which has launched a dedicated retail space on the second level.

Estrelle Bridal store at Yorkville Village. Photo: Craig Patterson
Central oval at Yorkville Village in Toronto. Photo: First Capital REIT

Luxury menswear retailer Via Cavour recently completed renovations, enhancing its premium boutique experience. Meanwhile, fashion retailer TNT The New Trend consolidated into a single 17,000-square-foot space on one level in the summer of 2024, reinforcing its presence in the luxury fashion segment.

In the wellness space, Supernatural, a new holistic health concept, is set to open in the former SoulCycle location with direct frontage onto Avenue Road. To build anticipation, a pop-up location for Supernatural also launched on the mall’s second level, adjacent to Equinox.

Novado at Yorkville Village. Photo: Craig Patterson

Prime Retail Opportunities Available

For businesses looking to establish a presence in Yorkville, several prime retail spaces are currently available. FCR is delivering a large full service sit-down flagship restaurant opportunity with both exterior access off of Hazelton Ave as well as interior access from the shopping centre. First Capital REIT is currently reviewing options for this high-demand offering.

Additionally, two retail spaces near Whole Foods on the second level are open for lease. One space measures 1,400 square feet, while the second spans 2,766 square feet, which leasing director Leah Feeley suggests could be well-suited for a yoga or pilates studio.

Whole Foods at Yorkville Village in Toronto. Photo: First Capital REIT
Avenue Road exterior of Yorkville Village in Toronto. Photo: First Capital REIT

Upcoming Developments and a New Entrance

A significant change is on the horizon for Yorkville Village, as a new entrance is planned for Yorkville Avenue. This entrance will be part of the redevelopment of the 138 Yorkville Avenue ultra-luxury condominium project, which will integrate with the shopping centre.

Unlike the previous entrance leading to the lower-level food court, the new entryway will welcome guests directly to the second level of the mall, improving accessibility and flow.

Future luxury retail at 138 Yorkville Avenue. Image: First Capital REIT
Future luxury retail at 138 Yorkville Avenue. Image: First Capital REIT

Yorkville Village’s Current Tenant Mix

Yorkville Village is home to an array of high-profile tenants, catering to the neighbourhood’s affluent clientele. The centre features a large Equinox gym, a Rexall pharmacy, and a Whole Foods Market, which serves as the flagship location for the grocery retailer in Canada.

Additional tenants include womenswear retailers Andrews, Sentaler, Sarah Pacini, Copine Paris, Judith & Charles and Maska, home and lifestyle boutique Teatro Verde, beauty retailer Radford Beauty, and luxury menswear store Via Cavour, among others.

Oval at Yorkville Village. Image: First Capital REIT
Teatre Verde at the Hazelton Ave entrance to Yorkville Village. Image: First Capital REIT

A Look Back at Yorkville Village’s Transformation

Yorkville Village, originally known as Hazelton Lanes, has undergone substantial transformations since its inception in 1976. Initially conceived as a luxury shopping destination, the mall underwent a major expansion in 1988-1989, tripling in size to accommodate more high-end retailers.

In 2011, First Capital REIT acquired the property and embarked on a comprehensive redevelopment plan to modernize the aging complex. The rebranding to Yorkville Village was officially announced on January 25, 2016, marking a new chapter for the shopping centre.

The redevelopment introduced a striking double-height glass façade along Avenue Road and a new entrance from Yorkville Avenue, making the centre more inviting to pedestrians. A sky-lit atrium was also created, drawing inspiration from the former outdoor ice rink that once occupied the space, serving as a gathering area for events and community engagement.

With a continually evolving tenant mix, strategic leasing opportunities, and upcoming infrastructure improvements, Yorkville Village remains a vital shopping destination in Toronto’s prestigious Yorkville neighborhood. The mall’s blend of luxury retail, health and wellness offerings, and high-end dining experiences continues to attract both local shoppers and international visitors, reinforcing its reputation as a premier lifestyle destination.

Leasing inquires:
Leah Feeley, Director of Leasing: Phone: 647-202-9386 Email: Leah.feeley@fcr.ca

More from Retail Insider:

Craig Patterson
Craig Patterson
Located in Toronto, Craig is the Publisher & CEO of Retail Insider Media Ltd. He is also a retail analyst and consultant, Advisor at the University of Alberta School Centre for Cities and Communities in Edmonton, former lawyer and a public speaker. He has studied the Canadian retail landscape for over 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees.

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1 COMMENT

  1. Yorkville Village as a name still bugs me. Hazelton Lanes was perfectly fine. Now we have to clarify that Yorkville Village is a shopping mall inside Yorkville’s village? It’s redundant and confusing. 🤦‍♂️

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