Commercial Real Estate Roundup- #6

March is here and the local weather forecast is predicting above 0 temperatures next week!!

Speaking of warmer temperatures (or thinking about the warm weather and beaches of the sunny south), a new retail development was announced in Miami on a 200 acre site.  It will include an entertainment complex with submarines, a Legoland, sea lions and an artificial ski slope with retail.  The owners behind West Edmonton Mall and The Mall of America are behind this new proposed development.  Triple Five (the developer) released a statement: “It is our intent that this project – American Dream Miami – will exceed our other world famous projects in all respects.”

 5 Astounding Things About America’s Biggest Mall Planned in Miami

Back at home in Toronto, the new developers for the soon to be former Honest Ed’s site announced their plans to redevelop this property.   The plans which have not yet been submitted for approval will include many lowrise to midrise buildings.  The largerst building at 29 storeys will be erected at the corner of Bathurst and Bloor along with smaller buildings (1,000 apartment rental units in total and no condos) with small shops, a covered market and pedestrian pathways leading through the 1.8-hectare property.   It is a refreshing change from the traditional condo developments seen in Toronto in the past number of years.

Redevelopment of Honest Ed’s in Toronto holds several surprises

The developers of the old Four Seasons Hotel announced the launch of commercial office condo units for sale on the site at Avenue Road and Yorkville Avenue.  The location is second to none and would suit a diverse array of businesses.

135 Yorkville and the Rise of the Luxury Office