[Richard White]

...market opportunity, or evidence of no market?

Eddie Bauer Poised to Exit Canada as Store Shutdown Looms

Eddie Bauer is expected to close all Canadian stores as part of a Chapter 11 restructuring affecting roughly 200 North American locations.

retail-insider.com

This does not shock me in the slightest.

I have been wearing Eddie Bauer Jackets for years but both me and a relative have noticed their quality dip in the past couple of years.

I had a Winter Jacket with them that was very warm and lasted 5 years without issue. My current jacket with them lasted 1 season. I was trying for a second but the stiching came undone in the velcro and the jacket is not nearly as warm.

I won't buy their overpriced garbage anymore and would rather shop around.

 

[matrix]

Judge blocks department store from moving into former HBC space at Yorkdale mall

Mall landlord Oxford Properties has won a fight to prevent an unwanted tenant from moving into the former Hudson's Bay store at Yorkdale Mall.

toronto.citynews.ca

A judge has blocked RioCan from letting Ailes set up shop at the former Bay lease at Yorkdale, for the exact reasons your may think. RioCan has until August to find a new tenant, or else the lease will go back to Oxford, and RioCan will be stuck paying a $75 million dollar mortgage for what would be essentially nothing.

 

[nightstreak]

Notable: they took down the Hudson's Bay sign from the roof of the Queen St. building.

Before:

After:

I wonder if Cadillac Fairview is any closer to deciding what to do with this space. It can't be cheap not only keeping this place empty on $0.00 rent but maintaining it and securing it.

 

[Northern Light]

I wonder if Cadillac Fairview is any closer to deciding what to do with this space. It can't be cheap not only keeping this place empty on $0.00 rent but maintaining it and securing it.

They have a plan; should be public shortly, I imagine.

I have yet to see the drawings, but it sound expensive and challenging to me. Not sure how they'll make it work or make it profitable, but we shall see.

Before anyone asks, so far as I know, no demolition or new towers are contemplated at this time.

 

[DSCToronto]

They have a plan; should be public shortly, I imagine.

I have yet to see the drawings, but it sound expensive and challenging to me. Not sure how they'll make it work or make it profitable, but we shall see.

Before anyone asks, so far as I know, no demotion or new towers are contemplated at this time.

I also hope they will not repeat their 401 Bay (Simpson's Tower) work and simply cover it all in white budget siding!!

 

[Northern Light]

I also hope they will not repeat their 401 Bay (Simpson's Tower) work and simply cover it all in white budget siding!!

That would not be permitted and is most certainly not proposed.

 

[stevensontransit]

Notable: they took down the Hudson's Bay sign from the roof of the Queen St. building.

Before:
View attachment 732094


After:
View attachment 732093

I wonder if Cadillac Fairview is any closer to deciding what to do with this space. It can't be cheap not only keeping this place empty on $0.00 rent but maintaining it and securing it.

Convert it to office spaces and incorporate it into the Toronto path network.

 

[taal]

They have a plan; should be public shortly, I imagine.

I have yet to see the drawings, but it sound expensive and challenging to me. Not sure how they'll make it work or make it profitable, but we shall see.

Before anyone asks, so far as I know, no demolition or new towers are contemplated at this time.

Let me guess, self storage ?

 

[Tormick]

Let me guess, self storage ?

Wild that it's being considered for Yorkville HBC (2 Bloor East). There has to be a better use case

 

[Northern Light]

Let me guess, self storage ?

Thank goodness; no!

That I'm happy enough to share!

 

[nightstreak]

Thank goodness; no!

That I'm happy enough to share!

I'm disappointed. I was looking forward to getting my wife's Beanie Babies collection out of our home and the Simpsons building is a hop away from her work.

 

[torontowest91]

Probably office - maybe some retail/restaurant on the ground level

 

[TossYourJacket]

Probably office - maybe some retail/restaurant on the ground level

I'd expect retail from concourse to second floor (CF isn't going to want the money they spent on that skybridge to go to waste). Office above that. Maybe more like a southern wing of the mall with multiple stores rather than any full-size anchor store.

 

[nightstreak]

Putting down my guesses: grocery, hotel, retail, office

Lower level: food hall / grocery (Loblaw or Whole Foods tier). Floor lowered 9ft to provide a seamless connection from Bay Adelaide Centre PATH through the food hall with vaulted ceilings and level with the Queen Station Line 1 platform and Line 3's new concourse with an escalator up into the Eaton Centre and another down to Line 3's platform.

Main level:
- Restaurants on 3 corners: Leña on Richmond and Yonge proved the concept. Restaurants on the other 2 corners on Bay/Queen and Bay/Richmond.
- Yonge/Queen corner: Hotel entrance and lobby where Saks was. Access to the upper levels. 2-3 floors of rooms, about 100-150 rooms. There's demand in this area, the Sheraton is regularly sold out in the Summer and during major events.
- Queen Street frontage: 2 stores, one for each entrance on Queen and each escalator bank. These may have access to a second floor.

2nd floor: 2 stores, on either side of the bridge, possibly a continuation of the stores below at street level.

3rd to 4/5th: Hotel rooms

6th and 7th: loft office spaces connected to Simpson Tower.

8th floor: Arcadian Court event space

Some of this is reliant on the subway station being complete. The lower level requires a substantial amount of work to integrate into the new subway station and street level on Queen Street is unattractive to tenants given the construction activity and narrow passageways facing hoardings. I could see Leña returning soon and a restaurant being outfitted at Richmond/Bay. I could also see temporary tenants on the 2nd floor across from the bridge for a couple of years while they reconfigure the main floor for separate tenants.

 

[stevensontransit]

G

Putting down my guesses: grocery, hotel, retail, office

Lower level: food hall / grocery (Loblaw or Whole Foods tier). Floor lowered 9ft to provide a seamless connection from Bay Adelaide Centre PATH through the food hall with vaulted ceilings and level with the Queen Station Line 1 platform and Line 3's new concourse with an escalator up into the Eaton Centre and another down to Line 3's platform.

Main level:
- Restaurants on 3 corners: Leña on Richmond and Yonge proved the concept. Restaurants on the other 2 corners on Bay/Queen and Bay/Richmond.
- Yonge/Queen corner: Hotel entrance and lobby where Saks was. Access to the upper levels. 2-3 floors of rooms, about 100-150 rooms. There's demand in this area, the Sheraton is regularly sold out in the Summer and during major events.
- Queen Street frontage: 2 stores, one for each entrance on Queen and each escalator bank. These may have access to a second floor.

2nd floor: 2 stores, on either side of the bridge, possibly a continuation of the stores below at street level.

3rd to 4/5th: Hotel rooms

6th and 7th: loft office spaces connected to Simpson Tower.

8th floor: Arcadian Court event space

Some of this is reliant on the subway station being complete. The lower level requires a substantial amount of work to integrate into the new subway station and street level on Queen Street is unattractive to tenants given the construction activity and narrow passageways facing hoardings. I could see Leña returning soon and a restaurant being outfitted at Richmond/Bay. I could also see temporary tenants on the 2nd floor across from the bridge for a couple of years while they reconfigure the main floor for separate tenants.

Good proposal! Cf should do just that!