LNahid2000
Senior Member
I'm pretty sure they're planning for the renovation. Part of the organization I work for used to have offices on the 1st floor of 33 Bloor, but they were forced to move at the end of their lease 6 months ago, presumably for this renovation and the conversion of those offices to retail.It’s not on purpose. The intent of this construction is to try and entice the filling of long-vacant retail vacancy.
The Bloor-facing retail has been vacant for literally years. They took it to base-building a while back in hopes of getting something.
Friends at Cushman have outright told me that 33 Bloor is having money issues. There were vacancies of entire floors for extended periods of time, and retail has suffered since Roy’s Square disappeared.
I hope they’re able to enact the makeover, but I’m willing to bet it’s entirely dependent on long-term retail leases being signed first.
I don't think they'd tell an office tenant to leave, if these plans were not a reality.