A multi-level retail space on Toronto’s Yorkville Avenue has recently come available for lease, and it is particularly unique because of its location. Yorkville Avenue, particularly between Avenue Road and Bellair Street, is becoming a significant luxury address for retailers. The retail space at 110 Yorkville Avenue is positioned at centre ice.
Immediately to the east of the 110 Yorkville Avenue property are two under-construction retail buildings that will feature flagship locations for Chanel and Jimmy Choo, as well as a soon-to-be-announced luxury brand that will be housed in a four-level retail space. To the west of 110 Yorkville is the multi-level brick building that houses luxury retailer V Hazelton, which also operates a shop-in-store location for Italian luxury brand Kiton with its own prominent Hazelton Avenue corner signage. Directly across the street, luxury footwear and accessory brand Christian Louboutin opened its two-level Canadian flagship last summer, and Virgil Abloh’s first North American location for Off-White also recently opened several doors down.
The 110 Yorkville Avenue retail space is very unique, and can be modified in a variety of configurations for fashion or food uses. The ground floor includes about 933 square feet of retail space, and the landlord will build a brand new storefront to specifications. A 1,519 square foot lower level is an extension of the building with 18 foot high ceilings with skylights at the rear. In total, 110 Yorkville Avenue features in excess of 4,000 square feet of available space for a special tenant that wishes to be seen by some of the world’s wealthiest consumers.
Yorkville is considered to be Canada’s most prestigious high-density neighbourhood, in a similar fashion as London in Mayfair, or the Upper East Side in New York City. Yorkville is also growing substantially, with thousands of new residential units planned to be coming onto the market over the next several years. Yorkville, itself, is seeing streetscape improvements that are making it look truly world class. In the case of Yorkville Avenue, the recent addition of paving stones to its street and sidewalk offers a unique character, creating an elegant street that looks unlike any other in the city.
110 Yorkville Avenue is available for immediate possession. For more information and to discuss this property, please contact Emily Masuda, Broker, Retail Services, at Cushman & Wakefield: 416-359-2398 or by email: emily.masuda@cushwake.com.
As well, for more information, visit: www.cw-cm.ca/110YorkvilleAve.
Retail Insider will be occasionally profiling interesting retail spaces. For more information, contact Craig Patterson at: craig@retail-insider.com.
Canadian Retail News From Around The Web: August 16, 2017
