Last week, Nordstrom Inc. (NYSE: JWN), Great Gulf Group of Companies, and First Gulf proudly announced the addition of Nordstrom Rack as one of the new, exciting retailers coming to One Bloor in Toronto, Ontario, Canada. Claiming just under 40,000 square feet in this iconic condominium at the southeast corner of Yonge and Bloor Streets, this location will be the first Nordstrom Rack location in Canada.
"We're excited to announce our first Nordstrom Rack in Canada in such a wonderful location and provide Canadian customers another way to shop their favorite Nordstrom brands at great prices," said Karen McKibbin, president of Nordstrom Canada. "We want to be a part of compelling locations across the country and this is a great first step. We look forward to getting our doors open to serve customers in Toronto."
The new Rack will be in good company alongside existing Bloor Street retailers, such as Holt Renfrew, Prada, Gap, Michael Kors, H&M, and Zara. Located approximately one mile north of the Nordstrom full-line store, the Rack is scheduled to open in 2018.
"We are delighted to welcome Nordstrom Rack to One Bloor, the perfect retailer for such a dynamic location. Anchoring the mink mile at the Yonge/Bloor intersection, One Bloor represents one of Toronto's signature architectural landmarks and is a symbol of excellence in design, technology and experience," said Christopher Wein, President Great Gulf. "With a culmination of residential, retail and transit at this amazing intersection and the vibrant pedestrian activity, Nordstrom Rack will be well positioned for success and future growth."
The First Gulf Retail Leasing team worked with both the tenant and its development teams to ensure Nordstrom Rack’s future space at One Bloor met each of their requirements. A special thanks to Sam Winberg at Northwest Atlantic, who represented the Tenant and was instrumental in facilitating this transaction.
For further details, please see the full press release here.
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