RioCan’s newest commercial development at the northeast corner of Yonge Street and Eglinton Avenue is now leasing space to retailers. The retail podium is at the base of the ‘E-Condos’ development, where RioCan has partnered with developers Bazis and Metropia on the 850-unit, twin-tower residential project.
The high-traffic location is exceptional and will only get busier, according to RioCan leasing manager Oren Rubin. The Yonge and Eglinton intersection has the second-highest pedestrian footfall of any in the city, as well as considerable motor vehicle and subway traffic. Subway riders, in particular, are expected to increase with the opening of the Eglinton Crosstown LRT, according to Mr. Rubin, which is expected to be operational in about five years.
Yonge & Eglinton intersection, looking East. Rendering provided by RioCan
The commercial component of E-Condos includes three levels. The ground level, accessed off of both Yonge Street and Eglinton Avenue East, features three retail spaces anchored by a large TD Bank – the podium’s first confirmed retail tenant. Other retail spaces include an 850 square foot space with lobby and Eglinton Avenue frontage, as well as a smaller 338 square foot space with Eglinton Avenue access as well as frontage to an office lobby (see plan below). Both spaces will see considerable visibility as well as pedestrian traffic via escalators leading down to the TTC subway station below.
(Ground floor lease plan, via RioCan)
The concourse retail level features spaces for about seven retailers (space is customizable), which will see considerable pedestrian traffic from those accessing the subway, office tower, and the residential towers above. Hordes of people are expected to access this level on the way to-and-from the subway once the new entrances and escalators are operational.
(Concourse level lease plan, via RioCan)
A second-level retail component is also available with multiple spaces, which will be accessed from ground-floor elevators. Both retailers and office tenants are being considered for these spaces, which will feature considerable natural light from large south and west-facing windows.
(Second floor lease plan, via RioCan)
For more information on leasing at E-Condos in Toronto, contact Oren Rubin at: orubin@riocan.com or by phone: 647.258.5124
Canadian Retail News From Around The Web: July 28, 2016
