Commercial Real Estate Roundup- #9

As we close out the month of March, many interesting stories have emerged in commercial real estate.

Square One in Mississauga is undergoing another expansion (in addition to a recent renovation of the entire mall) in anticipation of Simons first Ontario store and a 120,000 square foot flagship Holt Renfrew store which will vault Square One into the luxury retail market.  Many shoppers in Toronto think about Eaton Centre and Yorkdale when looking for higher end retailers but Square One is a great alternative and not too far west of the city off  Highways 401/403.
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In case you missed it, last weekend, a great article was written about the proposed development at the Honest Ed’s site at Bathurst and Bloor.  I was particularly taken by the fact that David Mirvish could have sold the property to a number of developers who would undoubtedly erect many condo towers/traditional buildings on the 1.8 hectare site.  Instead, David Mirvish chose carefully which developer he felt most comfortable selling the site to in order to maintain the integrity of this busy corner in the city.  No one knows if he got the most money he could have for the site but he ensured that the new developer would develop the site with the principles and architectural style we have become accustomed to from the Mirvish family.
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Big news for those living in midtown Toronto….a while back, I wrote about how Pancer’s was closing its popular deli.  However, the family which started this establishment has decided to re-open the restaurant (taking it over from the previous owner).
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