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Originally Posted by LilZebra
I don't know what'll happen with Staples, PTE.
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Just a guess Staples will close. They have been heading that direction anyway and their model for supplying businesses has shifted from in-person retail to same-day/next-day from a warehouse on St James. But yeah, "in person retail isn't dying..."
PTE will likely remain in place but with some reconfiguration since the mall is effectively being removed with these plans. It is also interesting the fourth floor is gone in some of the renders. I think that may have just been design license and it is unlikely they will demo the existing office space.
Quote:
Originally Posted by LilZebra
On the render, on the east end, they retain the former movie theatre building thingie. Wonder what they have planned there? Would be nice to see a movie theatre re-open in that space.
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It is doubtful either Cineplex or Landmark would be willing to operate the space as a movie theater. That basically shifts it to being more of an independent operation. Based on what happened with The Globe it seems the customer traffic is too low to generate enough revenue to cover the rent costs. That ultimately pushes it back on the landlord to either reduce the rent or find an alternate use for the space.
The other one I am curious around is the plan seems to confirm the mall is dead under this new plan. The Portage Ave units will be refaced as street accessible retail. It is unclear what the plan is for the back half of the space though as they would be too deep to be attractive to retailers. With the move of the skywalk to the front of the building I would guess the second floor will be converted into office space.
I have long felt the food hall should basically be rebuilt but on the skywalk level almost directly over where it is now. Take a page from the Hargrave St Food
Court Market and enclose the space with security on the outside. Also actively enforce that the space is for people buying product in the space, ie no outside food or drink and no loliterling if you are not a customer.