MISSISSAUGA, ON, Nov. 3, 2023
/CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) is delighted
to welcome the renowned Montreal-based footwear retailer, Browns
Shoes, to 60 Bloor West. The return
of this iconic brand to the Bloor-Yorkville neighbourhood serves as
a testament to the increasing foot traffic in the area, showcasing
the confidence that top retailers have in opening physical stores
and their positive outlook on the retail market.
"We are thrilled to have Browns Shoes at 60 Bloor West, situated
among neighbouring upscale labels," said David Wyatt, Senior Vice President of Retail at
Morguard. "This has further solidified Bloor Street West as a prime destination for
major retailers. The recent additions of various prestigious luxury
brands in our Bloor Street
properties underscores retailers' satisfaction with our prime
property locations and their positive outlook toward the retail
market."
The new Browns Shoes unique concept store spans 4,000 square
feet at street-level of the 60 Bloor West office tower, boasting
20-foot ceilings and custom finishings throughout. In addition to
Browns' high-quality in-house brands, the store will also feature a
diverse range of other brands ranging from athletic to
designer.
"We are thrilled to become a part of Canada's booming commercial real estate
centre," said Eric Ouaknine, Vice
President of Retail at Browns Shoes. "Our strong focus on customer
service, coupled with a highly curated product selection including
many of the most popular footwear brands, will certainly bring
customers more diverse shopping experiences and make us a valuable
asset to the bustling Bloor-Yorkville area."
Managed by Morguard, 60 Bloor West is a 15-storey office tower
at the northeast corner of Bay Street and Bloor Street. After recently undergoing a
significant retrofit, the building has earned LEED Gold, Fitwel,
and Rick Hansen Foundation certifications. Located in the heart of
the vibrant Bloor-Yorkville neighbourhood, 60 Bloor West has
established itself as one of Toronto's most sought-after locations, given
its accessibility, sustainability, high-quality amenities, and
proximity to world-class cuisine, culture, and haute couture. In
addition to 60 Bloor West, Morguard manages 77 Bloor Street, Holt
Renfrew Centre at 50 Bloor Street, and The Colonnade in
Toronto's Bloor Street node. With the opening of Browns
Shoes, Morguard continues to cultivate strong relationships with
various notable retailers and expands their retail offering as the
holiday season approaches.
About Morguard
Corporation
Morguard Corporation is a major North American real estate and
property management company. It has extensive retail, office,
industrial, hotel and residential holdings owned directly and
through its investment in Morguard Real Estate Investment Trust and
Morguard North American Residential REIT. Morguard also provides
real estate management services to institutional and other
investors. Morguard's owned and managed portfolio of assets is
valued at $18.6 billion. Please
visit www.morguard.com or follow us
on LinkedIn.
SOURCE Morguard Corporation