The head of First Capital Realty Inc. said rents have never been so high or vacancies so low in the shops it owns and operates.
It helps to be the biggest retail landlord in Yorkville, one of Canada’s ritziest shopping districts, and to have much of your real estate in downtown cores, anchored by grocery stores, fitness centres and pharmacies. It’s a profile often overlooked by investors obsessed with the narrative that online shopping is crushing retail, chief executive officer Adam Paul said.
“We’re definitely not representative of the broader retail environment because our focus is very specialized within retail,” Paul, 44, said in an interview at Bloomberg’s Toronto office. “It’s urban focused and it’s necessity-based focus.”
First Capital will benefit from this “super-urban” strategy as Canadian cities densify amid rapid immigration and rising incomes, Paul said.
The award-winning tattoo shop has admitted to copying artwork from a popular New Zealand artist for the storefronts at Square One and Yorkdale Mall. The co-founder of Chronic Ink has admitted to copying artwork for the two storefronts. Chronic Ink has also decided to suspend Tristen Zhang, the co-founder of the tattoo shop, in relation to the incident.
Markham, Ontario: A five-minute dashcam video posted on YouTube shows what appears to be an employee taking out a customer's BMW M2 car from a Canadian Tire service shop and speeding around the block in a residential area.
Police executed a search warrant May 7 at ‘Fong Ngai Hin Arts and Crafts’ at 456 Dundas Street West.They found hundreds of phones, tablets, laptops and monitors and believe the items were stolen.
It’s all about experiential travel these days. And Merit Travel wants to give clients an experience as soon as they walk in the door of its brand new flagship retail space.
The sprawling 2,500-square-foot store is right in the heart of downtown Toronto’s Entertainment District and offers would-be travellers plenty of space to talk to Merit agents about their travel dreams, with cozy meeting pod zones.
Tokyo Smoke’s newest Toronto location (and the only one that sells weed) has officially opened shop inside the former HMV at Yonge-Dundas Square. The owner, Colin Campbell, who worked in operations at Costco for the past decade, entered the lottery because he thought his retail experience could transfer over to running a cannabis store. Campbell had been to a few of Tokyo Smoke’s coffee shops around the city and liked their high-end vibe, so when he won he decided he wanted to partner with them.