News   Jul 12, 2024
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  1. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Can't wait to see how this all ends.
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Looks like they better do a redesign soon. I'm guessing Metro just might be gone.
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    I totally agree and the Church location will have an excellent offering. Anyone interested just go to the store in Liberty Village to see the new HMR offering. One thing I know for sure is that Metro is the most fiscally operated chain in the business. They count every penny and if no return...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Well for now Metro will either pull out and pay the penalty which they likely will do or lease the space. They had The Air Canada centre store and gave that to Longo's. A store in Woodbridge they excited and leased it to a competitor. Let's see. Should have a decision soon.
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Talk is the location like you said not being off Yonge St and word is Whole Foods is having some challenges. The Metro up the street on Church is now starting a full Reno to the Company's new format and that's a major investment so maybe also playing a part. Stay tuned for now.
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    It now appears Adonis is backing away from this location. They do not like the location of the store and have concerns with the construction. Stay tuned but Metro is now reviewing. Possible they could introduce their new format ( see the store in Liberty Village ) there or pay the fee and...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Yes Sobeys. I'm told it's a very small Urban store about the size of the one at Yonge and Davisville. They really struggle in Ontario and will have a minimal impact. Adonis also has an Urban format that has proved very successful in downtown Montreal and you can expect the same in this location...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Originally Metro was looking at an Oct opening but they never started. I guess that was when they were deciding to change direction with a Longos and Sobeys expected just too many conventional grocers. Adonis will really be amazing but the new Metros are the best stores out there and people...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Looks like Metro had the same thought. Adonis will now be occupying the space. The reason for the delay. They are owned by Metro but run separately. Similar to Loblaw and T&T. I think it will be an amazing fit for the location and should be a big hit with the neighbourhood.
  10. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Metro Not sure but I'm on the construction team. We have been slotted to start construction in June 2014. My Boss says a very high end design.
  11. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Metro The Metro is due to open in November. Construction begins in June. Seems quick.
  12. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Two Supermarkets is perfect. Whole Foods would be a good fit with its unique offering. The other store will depend more on its execution of service, variety, pricing etc. All 3 players are capable of performing it but executing it is another story. Metro seems the most capable with them now...
  13. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Lol. I don't work for them or anyone else in the business. Simply an investor and they have fantastic return compared to Loblaw. I really respect the Management and did much research before making a commitment. I guess you might say I put my money where my mouth is. They have only been in...
  14. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Right on schedule. The restructuring I spoke of. Only 1 or 2 stores to close. 6 to Food Basics and the others converted to a lower wage contract as permitted by current labour agreements. They also announced an increase in Ontario Cap spending. The Eglinton/Lloyd Manor store is where they will...
  15. S

    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Now lets keep in mind Metro holds the #1 share in Quebec and #2 in Ontario. The consistently show stable profit growth and sales growth. They are known to have the most well equipped Management in the business and are the most likely to succeed in this highly competitive market. Their new...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    http://www.montrealgazette.com/business/Adonis+opens+urban+format+downtown+store/8756612/story.html The Ontario expansion will begin in a year but will be Metros. Not Adonis. 4 are now slated to open.
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Great comments. Thanks! I was involved with Whole Foods and completely understand their stores. T&T of course is completely different and your comments for the most part are spot on!! So what the hell am I talking about? Metro Quebec is run much better than Ontario. The Companies MGMT here...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    LOL. That's what I've heard people say about Loblaw. I guess with so many employees and stores they all have those staffing issues unlike a smaller chain like Longo's etc. Bottom line is they are recognized as the best operator of the lot and should execute the new store flawlessly . In the big...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Well it is the highest sales. Anywhere they open they are incredibly successful and a big step up from even Loblaw MLG . Product selection and service are a top priority. Now it won't be an Adonis here but a new Metro format incorporating the best practices of the two. Metro MGMT is the highest...
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    Toronto Emerald Park Condos | 128.92m | 40s | Bazis | Rosario Varacalli

    Go to the Adonis in Mississauga. Those stores are the highest sales per square foot in Canada and owned by Metro. That is Metros future format for the most part. T&T/Loblaw are not in that class. The Metro will be very well received.

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