Toronto Retail and Restaurants Thread

[Travis007]

The Raging Spoon Community Centre on Queen West will be converted into commercial retail usage.

http://www.thegridto.com/life/real-e...61-queen-st-w/

In Sept. 2011, R & B Properties owner Daniel Rumack purchased the space from the Toronto United Church Council, however, the current tenants will remain onsite until their lease ends in Dec. 2012. The current landlord for 651 Queen St. W. (formerly the Big Bop), Rumack was instrumental in turning the space into a branch of Crate & Barrel’s sister store CB2, which will be opening up at Queen and Bathurst in the next few months. Similiarly, he will be looking to convert 761 Queen St. W. into a commercial retail property.

There has already been a great deal of interest from prospective tenants since Rumack’s acquisition a few months ago, but for the most part it has been smaller companies, like coffee shops, looking to find a home in the property. Rumack is not interested in turning the former church into a condo and he’s stated that he would like to see one big retailer take over the majority of the space rather than divvy up the large building. R & B Properties has currently hired the Northwest Atlantic real-estate consulting firm—which represents everyone from Adidas and Apple to The Gap and Whole Foods—to canvas the market and find a suitable future tenant. Rumack is hoping to secure one in the next six months.