Image via Flickr user Bobolink
A “mini Eaton Centre” is being planned for the King West district. According to Business News Network, Riocan and Allied Properties REIT are close to finalizing a deal to purchase land owned by The Globe and Mail near the corner of Front and Spadina. The two companies plan to develop the property into “about 500,000 square feet of fairly unique and high end retail.” In addition, the project will include office and residential space, and possibly a boutique hotel. More details are expected to become available over the next year.
The Globe and Mail will be moving to a new building being built next door on the corner. [BNN]
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Igor Bonifacic is a writer working for the Toronto Standard. You can follow him on twitter at @igorbonifacic.
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