Significant Construction & Retail Leasing Underway at The Well
1.5 min read
The Well, one of Toronto’s most anticipated mixed-use developments, has seen significant construction and leasing progression as the development gears up for its Spring 2023 opening. Once completed, the 7.8-acre site sitting between Front Street and Wellington will comprise 1.5 million square feet of residential space, 1.2 million square feet of office space, 320,000 square feet of retail space, a public market, and a park and public spaces.
RioCan REIT and Allied Properties REIT, the partnership behind the project, announced that major retail leasing has begun. RioCan’s Vice-President of Leasing, Ashtar Zubair, stated, “Tenants we’ve been talking to have seen the project for the value proposition in Toronto. We’ve been finalizing those deals without issue. This is not a mall. Our intent here, regarding merchandising, is to curate to the customers that we consider our residents. There will be 11,000 people living and working here, and we know the services and needs they need.”
Some of the finalized tenants thus far include; HealthOne, Arcadia Earth, Sweat and Tonic,Oliver & Bonacini, Shoppers Drug Mart, BMO, Scotiabank, Quantum Coffee, and Prince Street Pizza.
The Well sets the stage for meaningful experiences, creating a destination for all to eat, shop, work, live and play in Toronto.
Learn more about The Well.
Reference
McLean, S. (2022, May 11). The well is taking shape, and leasing-up retail tenants: RENX - Real Estate News Exchange. RENX. Retrieved May 17, 2022, from https://renx.ca/steady-progress-being-made-at-torontos-the-well/
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