Quote:
Originally Posted by borkborkbork
Is the BMO move consolidating their current Newport Centre space? Wonder who will take that over (especially since the Newport Centre is being fixed up).
I'm not sure why people are so worked up about retail branches closing from a health-of-downtown perspective. As long as it doesn't go unoccupied, banks are not very exciting tenants. Nobody goes downtown for a bank branch, bank branches don't bring street activity, they close early, there's no positive spillovers (nobody leases a space based on proximity to a retail bank)...
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BMO is vacating the Newport Centre, consolidating to 201 Portage. Next up for Newport is the podium renewal they will be trying to land a restaurant tenant in a new renovated expanded space.