First Capital REIT has fully leased the retail space left vacant by the departure of Nordstrom Rack at One Bloor East in downtown Toronto last year.
“We are proud to share that we are fully leased at One Bloor East in over 80,000 SF of retail space spread over 3 levels,” Eric Sherman, Head of National Operations at First Capital REIT said in a LinkedIn post.
“We are more proud though of the spectacular roster of tenants we will be welcoming to this iconic corner which includes a curated mix of F&B and entertainment, health & wellness, flagship fashion, and a financial institution, all of whom are of the best in their respective categories.”
The podium features three levels of flagship retail space at the base of a mixed-use 76-storey condominium tower. It was once anchored by Nordstrom Rack’s 39,000-square-foot Canadian flagship store (which closed last June after the high-end retailer announced it was exiting the country) and the 17,000-square-foot McEwan grocery store (which shut down in late 2021 after three years).
In his post, Sherman added that “the efficiency with which the team was able to backfill the Nordstrom Rack space is extremely impressive and should generate a lot of optimism in the market.”
According to Retail Insider, new tenants will include a flagship Nike store, Spanish family-owned fashion retailer Mango, a flagship branch for Scotiabank, an interactive entertainment centre dubbed The Ballroom, and AVANT by Altea Active— a new luxury wellness & social club.
The Ballroom will replace McEwan’s, while the former Nordstrom Rack space will be split by its floors—AVANT will open on the 30,000-square-foot upper level of the former Nordstrom store. The 8,000-square-foot main floor of the former Nordstrom at the southeast corner of Yonge and Bloor Streets will become the flagship branch for Scotiabank, while the Nike flagship store will take up approximately 17,000 square feet of space over two levels at the eastern end of the podium.