Toronto Eaton Centre (Ongoing Renewal) | ?m | ?s | Cadillac Fairview | Zeidler

December 21, 2025:

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Not were if this means something, but I noticed that the CF Toronto Eaton Centre signs that were added on top of the Hudson’s Bay Company signs on the former Queen Street store were in the process of being removed. When I walked by this morning, I saw a man walking away with one of the signs, and most of them had been removed already, though not at all, at least not at the time (after 9 am).
 
I doubt CF is selling the building. They are not hurting for cash and that property is likely a key part of their portfolio.

Now having said that, if they were to rent it out it would make sense to change the signage.
 
Richard White said:
I doubt CF is selling the building. They are not hurting for cash and that property is likely a key part of their portfolio.

Now having said that, if they were to rent it out it would make sense to change the signage.
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I dunno, CF recently sold off Limeridge Mall.
 
zang said:
I dunno, CF recently sold off Limeridge Mall.
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Yes but that's a mall in Hamilton. This is one of the most important pieces of commercial real estate in the country.

It's like selling the Eaton Centre. You only do it if you're about to go tits up and have no other options.
 
Richard White said:
Yes but that's a mall in Hamilton. This is one of the most important pieces of commercial real estate in the country.

It's like selling the Eaton Centre. You only do it if you're about to go tits up and have no other options.
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I'm with Zang that CF selling Limeridge almost certainly means something... especially as I'm pretty sure they sold a mall in Quebec City as well. But there is a big difference between shedding some malls at the lower end of their (robust) portfolio and CF needing to trim the Eaton Centre, their crown jewel. The writing would almost certainly be on the wall if it was that bad.
 
Richard White said:
Yes but that's a mall in Hamilton. This is one of the most important pieces of commercial real estate in the country.
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They also sold Fairview Mall in K-W in 2024, Erin Mills Town Centre in 2023. None of these were particularly poorly performing malls.

Richard White said:
It's like selling the Eaton Centre. You only do it if you're about to go tits up and have no other options.
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Or they want to get out of mall game? They loaned $200M to Hudson Bay in a now failed attempt to help it keep afloat (who know's if they'll even see ten cents on the dollar for that). Oxford's handing them their ass in regards to high-end retail in this city, and low/mid range retail isn't exactly booming.

I could see them getting out of malls to focus on office and mixed use, especially when there's so much uncertainty in both the economy and retail market these days, and having now been saddled with some really big, expensive vacancies.
 
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CF has sold quite a few malls over the years:

-Erin Mills (Mississauga)
-Fairview Park Mall (Kitchener)
-Promenades St Bruno (Montreal)
-Champlain Place (Dieppe)
-Promenade (Thornhill)
-Lime Ridge (Hamilton)

It would be odd for them to sell this particular building, especially with the bridge they just spent all that money on.
 
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