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THERE’S NO PLACE LIKE THIS PLACE, ANY PLACE! RETAIL AVAILABILITIES 2016 Urban Toronto’s Newest Retail Destination

THERE’S Urban Toronto’s Newest Retail NO PLACE Destination ...urbanretailtoronto.com/code/wp-content/...Marketing... · over 77,000 full time students in 2015-2016. Internationalization

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Page 1: THERE’S Urban Toronto’s Newest Retail NO PLACE Destination ...urbanretailtoronto.com/code/wp-content/...Marketing... · over 77,000 full time students in 2015-2016. Internationalization

THERE’SNO PLACELIKE THISPLACE,ANY PLACE!

RETAIL AVAILABILITIES 2016

Urban Toronto’s Newest Retail

Destination

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MIRVISH VILLAGE TORONTO |2

200,000 sq.ft. Divisble of New Urban Retail | Transit Adjacent High Density Mixed Use Project

Mirvish VillageBloor Street West

Bloor Street West

Bathurst Street

Bathurst Street

Market S

treet

Market S

treet

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MIRVISH VILLAGE TORONTO |3

Located at the eclectic intersection of Bathurst and Bloor, Mirvish Village is in the heart of the city, where downtown west meets the Annex. Mirvish Village is a retail destination that will be similar to other global destinations such as Miami’s Wynwood District. The retail space benefi ts from being beneath 800 residential units and across the street from the TTC Bathurst Street station.

Bathurst Street

Spadina Avenue

St. George Street

Avenue Road

Bloor Street West

College Street

Harbord Street

MIRVISH VILLAGE

Bloor Street looking east towards Markham St

Honest Ed’s Alley

Corner of Bloor & Bathurst

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MIRVISH VILLAGE TORONTO |4

Harbord Village

Seaton Village

Palmerston (Little Italy)

BA

TH

UR

ST

ST

BLOOR ST

Bathurst Station

Site

The Annex

Mirvish Village// The Neighbourhood

Bathurst Station Entrances

Bathurst Station: 36,461 passengers a day (ttc 2015)

511 Bathurst Streetcar: 17,400 passengers a day (ttc 2012)

Bloor/Bathurst Vehicular Traffi c: 15,756 cars (8h period)

Bloor/Bathurst Pedestrian Traffi c: 20,564 pedestrians (8h period)

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MIRVISH VILLAGE TORONTO |5

Mirvish Village// Demographics

BA

THU

RST ST

CH

UR

CH

ST

YO

NG

E ST

UN

IVER

SITY

AV

E

AV

ENU

E RD

BLOOR ST

DUNDAS ST W

DAVENPORT RD

SPAD

INA

AV

E

ST. CLAIR AVE W

OSSIN

GTO

N A

VE

DU

FFERIN

ST

DUPONT ST

1 km

CH

RISTIE ST

COLLEGE ST

3 km

MA

RK

HA

M ST

5 kmDaytime Population: 971,000Household Median Income: $59,500Median Age: 35 – 39

TTC Subway Stations

3 kmDaytime Population: 499,500Household Median Income: $61,550Median Age: 35 – 39

1 kmDaytime Population: 29,400Household Median Income: $62,500Median Age: 35 – 39

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MIRVISH VILLAGE TORONTO |6

Top Five Countries (Undergraduate Students)

The University of Toronto has grown signifi cantly over the last two decades to just

over 77,000 full time students in 2015-2016.Internationalization is an academic goal across many divisions.

In 2015-16 18.3% of all students were international students and this is projected to be 19.5% in 2020-21.

83%

6% 5%

3% 3%

ChinaSouth KoreaIndiaHong KongUnited States

Mirvish Village benefi ts greatly from it’s close proximity to the University of Toronto.

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MIRVISH VILLAGE TORONTO |7

62,563 63,204 64,026 64,613 64,725 64,888

14,567 15,135 15,830 16,125 16,171 16,254

77,130 78,339 79,856 80,738 80,896 81,142

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2015-2016 2016-2017 Projected 2017-2018 Projected 2018-2019 Projected 2019-2020 Projected 2020-2021 Projected

Total-Domestic Total-International Total Students

Domestic-International Enrollment Mix(Full Time Enrollment)

3 min. 6 min. 7 min.

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MIRVISH VILLAGE TORONTO |8

Mirvish Village// History

The Honest Ed’s store that now dominates the south west corner of Bloor and Bathurst fi rst opened in the 1940’s occupying a small retail space just east of Markham on Bloor. Over the following decades ‘Honest’ Ed Mirvish continued to acquire property surrounding the Honest Ed’s store, allowing for its continued expansion.

In the 1960’s, Ed Mirvish purchased most of the Victorian homes along Markham Street, with the intention of creating a parking lot for the steadily growing store. Due to resistance from Toronto Council, the parking lot was downsized and the homes along Markham were preserved. Mirvish began fi ling these residential

By the mid 1980’s, the Mirvish family had consolidated all of the lands that make up the development site, and Honest Ed’s had expanded to occupy the entire Bloor frontage between Markham and Bathurst Streets, as well as a signifi cant portion of the Bathurst frontage south of Bloor.

19591957 Original Store 1983

houses with commercial businesses, restaurants and galleries. The resulting Mirvish Village became a unique enclave for arts, culture, food and entertainment.

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MIRVISH VILLAGE TORONTO |9

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MIRVISH VILLAGE TORONTO |10

Mirvish Village // Today

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MIRVISH VILLAGE TORONTO |11

Mirvish Village // The Future

830 RESIDENTIAL UNITSA MASTER PLANNED, STREETFRONT SHOPPING/

CULINARY DESTINATION ALONG MARKHAM STREET

A WORLD CLASS URBAN MARKETA PUBLIC PARK AND NUMEROUS NEIGHBOURHOOD AMENITIES

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MIRVISH VILLAGE TORONTO |12

Mirvish Village // The Future

Bloor Street Elevation

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MIRVISH VILLAGE TORONTO |13

Mirvish Village // The Future

Corner of Bloor & Bathurst

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MIRVISH VILLAGE TORONTO |14

Mirvish Village // The Future

Public Park Facing Markham Street

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MIRVISH VILLAGE TORONTO |15

Mirvish Village // The Future

Lennox Street looking North

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MIRVISH VILLAGE TORONTO |16

ANCHOR RETAIL

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MIRVISH VILLAGE TORONTO |17

SECOND FLOOR

Bloor Street

Bat

hurs

t Str

eet

Lennox StreetLennox Street

Bloor Street

Bat

hurs

t Str

eet

GROUND FLOOR

Anchor Retail » The anchor retail component of this neighbourhood will

offer the rare opportunity for tenants to secure 10,000-20,000 sq.ft. floor plates

» Space will have signage onto the corner of Bathurst & Bloor » Elevators from the ground level & customer parking

» Escalators also available where required » Valet parking for bicycles » 17 ft. (est.) clear ceiling heights

1,827 SF

786 SF 542 SF 796 SF

1,494 SF

1,940 SF

18,351 SF

13,038 SF

7,547 SF

3,693 SF

1,986 SF

1,627 SF

3,269 SF

2,263 SF1,157 SF

1,783 SF1,858 SF805 SF1,426 SF 2,669 SF

651 SF1,314 SF

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MIRVISH VILLAGE TORONTO |18

LOWER LEVEL

5,552 SF 19,354 SF

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MIRVISH VILLAGE TORONTO |19

Bloor Street Looking West

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MIRVISH VILLAGE TORONTO |20

MIRVISHVILLAGEMARKET

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MIRVISH VILLAGE TORONTO |21

Lennox Street

Bloor Street

Bat

hurs

t Str

eet

Mirvish Village Market will be the heart and sole of the Annex and Mirvish Village: over 30 permanent vendors and 40+ temporary kiosks will offer locally sourced fresh and prepared food, crafts, art and curiosities.

The market is an essential ingredient for the re-imagined Mirvish Village development. It is envisioned as a vibrant

community gathering space and extension of the Mirvish Village public realm. The market will encourage a range of community benefits, from supporting a complete community, creating small business opportunities, preserving and promoting local foods and agriculture.

Mirvish Village Market

GROUND FLOOR

12,771 SF

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MIRVISH VILLAGE TORONTO |22

MARKETSTREETRESTAURANTS

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MIRVISH VILLAGE TORONTO |23

Anchored by the market to the north, the wide boulevards and character Victorian facades of the building along Markham Street will create one of Toronto’s most dynamic culinary destinations. This section of Mirvish Village will be almost entirely dedicated to food service, with signature patios and a master planned/restaurant mix.

Lennox Street

GROUND FLOOR

SECOND FLOOR

Lennox Street

Market Street Restaurants

427 SF

1,008 SF

1,618 SF

4,121 SF

576 SF

929 SF

557 SF

860 SF

673 SF678 SF

678 SF

652 SF

728 SF

736 SF

492 SF

866 SF

825 SF

828 SF

414 SF

878 SF

832 SF

817 SF

621 SF

827 SF

688 SF

1,447 SF

1,430 SF

1,355 SF

1,028 SF

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MIRVISH VILLAGE TORONTO |24

Shangri-La Hotel, Toronto ON Vancouver House Fairmont Pacifi c Rim

Established in 1992, with over $25 billion of projects completed or under development, Westbank is active across Canada and expanding into the United States with luxury residential, rental apartments, aff ordable housing, offi ce, retail and hotels. The main focus of their practice is on large mixed-use projects with a strong emphasis on sustainability.

Westbank is Canada’s leading luxury residential and mixed-use real estate development company. They are dedicated to city building and the creation of beautiful buildings.

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MIRVISH VILLAGE TORONTO |25

Arlin Markowitz*Senior Vice President

416 815 [email protected]

Urban Retail Team

Alex Edmison*Vice President416 874 7266

[email protected] Retail Team

Jackson TurnerSales Representative

416 815 [email protected]

Urban Retail Team

Retail LeasingTeam:

*Sales Representative

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TORONTO, ON

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verifi ed by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affi liated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.