The 300 condos at 8 Park Road would cost several times the building's value to buy out given that we are still in the midst of a condo boom. The others buildings have low vacancy. You'd be giving up secured tenants plus the revenues during the many years of redevelopment for space that may not be wanted at whatever cost per square foot. I don't see demand for a large class AA office building. Yonge & Bloor is a TTC subway hub but, an inconvenience for the rest of the region. Residential is low yield. The redevelopment value is all in the podium but, again, you'd need to make arrangements with Hudson's Bay.

Gee, you don't see much happening here?
well considering whats going on at the Yonge/Bloor intersection and surroundings, i see a lot happening here in the next 10 years,
plus they can work with the HUDSON BAY and do it all without touching the residences of 8 Park Road
 
I don't think we will see the block busted for 80 storey office and residential or large vertical extensions on the existing towers to compete with the heights of the 1 Bloors. I do think the podium will be overhauled but, the Hudson's Bay is a large obstacle to overcome (and why it hasn't been done already)
 
New image and more information:

https://f.datasrvr.com/fr1/318/72673/2_Bloor_West_Spread.pdf


DwVARgXUUAANyB2.jpg
 
hopefully with this in the works, the RBC corner across the street will be transformed into something better as well
 
Lululemon Flagship taking this corner:

Source and article from Retail Insider: https://retail-insider.com/bulletin...e-and-bloor-intersection-in-downtown-toronto/

Rendering-Lulu-2048x1024.jpg

Vancouver-based retailer lululemon will open one of its largest stores in early 2024 in 2 Bloor at the iconic northwest corner of Yonge and Bloor Streets, in downtown Toronto.

The lululemon store will span about 12,100 square feet over three floors including street level and second floors as well as access in the concourse with direct connection to the TTC. A signature double-height glass facade with wraparound corner exposure will give lululemon a significant presence. The store is part of a substantial podium renovation including an expanded third floor glass façade and an office lobby upgrade which will modernize the 430,000 square feet Class A office tower located above.

Tim Sanderson of JLL in partnership with Open Realty Advisors acted on behalf of lululemon in the lease deal with KingSett Capital which owns 2 Bloor Street West. The landlord broker for the deal was Graham Smith of JLL with Jaimy Huntof KingSett Capital handling the transaction on behalf of the company.

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Rendering of Future lululemon at 2 Bloor Street West (Image: Kingsett Capital)
Lululemon is relocating from a much smaller 3,067 square foot space nearby at 153 Cumberland Street. That building, known as 130 Bloor Street West, is also owned by KingSett Capital and houses retailers Aveda, Nicolas Menswear and a recently opened Moscot store on the Cumberland Street facing side, and Gucci, St. John Knits and a future Lafayette 148 store on the Bloor Street side.

When it opens in early 2024, the Yonge & Bloor lululemon storefront will be one of the retailer’s largest. In Chicago, lululemon operates a store spanning about 20,000 square feet in the city’s Lincoln Park area that opened in July 2019.

KingSett Capital’s 2 Bloor Street West retail podium is located directly at the northwest corner of Yonge and Bloor Streets. We recently reported that retailers Swarovski and Talbots had shut for the podium renovation which will create about 15,500 square feet of retail space at the corner.

The commercial podium has a few remaining available spaces. Next to lululemon at the corner of Mayfair Mews/ Bloor, there is a 3,355 square foot flagship opportunity (825 square feet at street level and an additional 2,530 square feet on the second level). There are also four small CRU units spanning from 380 square feet to 640 square feet in the concourse that are directly connected to the TTC subway entrance. The space is being marketed by Graham Smith and Brandon Gorman, co-Practice Leads of the Agency Retail Group at JLL.

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2 Bloor Street West Lobby Rendering (Image: Kingsett Capital)
The immediate area is seeing significant changes. A development facing Cumberland Street called Cumberland Square in years to come will transform the area behind Holt Renfrew into a new neighbourhood also housing thousands of new residents in tall residential towers. Significant changes to the Hudson’s Bay Centre at the northeast corner of Yonge and Bloor Streets is said to be at play following the closure of a Hudson’s Bay store next month. On the southeast side of the intersection is a Nordstrom Rack store and on the southwest side is The ONE, a massive tower that is under construction that will house an Apple flagship store at its base according to news reports. The Bloor Street corridor to the west will also see big changes as per an article in Retail Insider last month.
 
I am disappointed the rendering does not look like the previous one posted by ProjectEnd.
 

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