Toronto The Well | 174.03m | 46s | RioCan | Hariri Pontarini

Art Tsai said:
renx.ca

RioCan, Allied unveil retail tenant list for Toronto's The Well

The developers of downtownToronto’s massive multi-tower The Well have announced an initial roster of retailers and services which are, or will be, tenants in the three million square foot mixed-use complex.
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The article states that FourFifty is only 30% leased even though leasing started last March and move-ins began on August 1st. Must be their stratospheric rents (and their poor designs, but this seems to be a universal feature these days).
 
Bayer said:
The article states that FourFifty is only 30% leased even though leasing started last March and move-ins began on August 1st. Must be their stratospheric rents (and their poor designs, but this seems to be a universal feature these days).
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A lower occupancy rate for the rental may not be unusual given that you could only move in starting in August. Things will likely pick up now. Also interesting is the occupancy of the condominiums. With over 1700 units that will probably have an impact on this once quiet corner of the city as far as future development and liveliness go.
 
I was shocked at the rents of the smaller res buildings on Wellington, many of them have enormous terraces bigger than the unit or multiple balconies, and they seem to have counted the outside square footage as if it were actually useable space. There are very tiny units that have 3x the space outside but it is priced as if you could use that space all year lol
 
This little park has views of so many different elements! Love it! Lol Taken 30 September.

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