Manulife Centre, a mixed-use complex in Toronto’s Yorkville neighbourhood is set to undergo a $100 million redevelopment beginning early 2017.
Manulife Real Estate says the project will add 35,000 square feet of new retail space, and will include a complete overhaul of the exterior of the Centre adding a glass façade and expanding the retail area.
The interior space will be reconfigured and several key tenant spaces will be renovated. Along with those upgrades, Eataly will open its first Canadian location at the centre. Eataly, a vibrant Italian food marketplace including a mix of food markets, restaurants, and eateries will span three stories for a total space of 50,000 square feet.
“The transformation of this landmark property and the modernization at the corner of Bloor and Bay will build on the tremendous changes that are taking place in Yorkville,” said Kevin Adolphe, president and chief executive officer of Manulife Real Estate. “Manulife Centre will feature a premier shopping experience and offer some of the most exciting dining in the city.”
Project completion is expected for 2019.
The Centre currently has more than 40 shops, services and eateries including Cineplex, Bloor Street Market, Indigo, William Ashley, BMO, Bay Bloor Radio and Birks. The retail hub is connected underground to the east-west Bloor subway line and the north-south Yonge subway line, providing year-round weather protected access.