Photos by Nick Kozak/Torontoist.
Who is moving into the main space in the development at Queen Street West and Portland, abandoned two months by Home Depot? Torontoist got a tip yesterday afternoon that a new primary retail tenant has been locked down, but according to RioCan, the property’s keepers, that’s just not the case.
Torontoist spoke to Jeff Ross, RioCan’s Senior Vice-President of Leasing, this morning, and he said that there are a ton of companies, in a ton of different retail sectors, “circling” the property. While RioCan, Ross says, hopes to have its star tenant nailed down as soon as possible, it’s still “early on in the process,” and there are “so many variables.” Ross (unsurprisingly) declined to name any of the companies competing right now, but did say that his company has absolutely not settled on who will fill the space that Home Depot left vacant.
The site, meanwhile, is slowly developing: what was a parking lot a year ago is now a flattened, newly walled-in collection of dirt and bricks, with construction crews on-site. Some day, the human tenants of Queen and Portland Loft and Condominium Residences—who paid no less than $326,000 to live there—will move on in. But it looks like anxious current Queen Westers will have a bit longer to wait before they find out which company (you know, other than RioCan) to blame next for the area’s unending gentrification.