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Keeping the Mink Mile hot in a cooling retail era - The Globe and Mail
WALLACE IMMEN
SPECIAL TO THE GLOBE AND MAIL
PUBLISHED NOVEMBER 19, 2019

* HIGH-END RETAIL EXPERIENCE IS PUSHING ITS BOUNDARIES
The affluence of this retail location influences nearby streets, spilling north to the area’s namesake Yorkville Avenue.
Turns out this northern stretch of Yorkville Avenue between the Hazelton Hotel at 118 Yorkville Ave. and Bellair Street has seen rents nearly double over the course of three years, currently averaging between $250 and $275 a square foot, JLL found. By comparison, leases on Toronto’s Queen Street West average $100 a square foot, Robson Street in Vancouver $225 and Saint-Catherine Street in Montreal $210, JLL reports. Of course, those numbers pale in comparison to New York’s upper Fifth Avenue, where rents can reach US$2,720, the Beverly Hills triangle in Los Angeles that can command US$1,100 and Oxford Street in London where prime rents are the equivalent of US$775.

* GROWTH IN UPSCALE SHOPPING AREA ISN’T AN ACCIDENT
Yorkville’s launch into the upper echelons didn’t happen by accident, though. Even a few years ago, there was speculation that with shifts in retailing toward more online shopping and a retrenchment of brands that the zone north of the Mink Mile would fall into decline.

Yorkville was getting decidedly shop worn by 2011, when First Capital Properties, a subsidiary of First Capital Realty Inc., acquired Hazelton Lanes, a 1970s shopping mall at the corner of Avenue Road and Yorkville Avenue.

To pump life into the area, First Capital developed a long-term vision for Yorkville that started with a total renovation of the old mall – to give it more street presence. The redevelopment also allowed for a rebranding and the mall became known as Yorkville Village.....There are about 11,000 condominium units in the immediate area and that’s destined to double in the next two years based on what is planned for the area and what is currently under construction.

Add to this the tourism and the business community along Bloor Street and the University of Toronto, and the area is rich in potential customers,

* TREND IN HIGH-END RETAILING REQUIRES ONGOING COMMUNITY SUPPORT
In the past, many brands shifted their flagship stores into enclosed malls, but there’s now a shift back to brands – particularly the higher-end and exclusive name brands – having their main flagship stores at street level in Yorkville.......While the trend in high-end retailing is as much a developer’s vision as it is a retailer’s desire, a lot of the growth in this luxury retail space can be attributed to continual community-building efforts.

“We work in collaboration with other landlords and retailers and galleries in the area to create a sense of neighbourhood,” says Melissa Campisi, First Capital’s director of strategic partnerships and event management.....Events and attractions throughout the year are key to building a retail experience.... In a space that was formerly an Anthoropolgie store, First Capital arranged fashion talks and charity events........

* THE FUTURE OF THE HIGH-END RETAIL EXPERIENCE AT YORKVILLE
The Yorkville area is destined to become even more of a world-class retail destination as the area transforms with an unprecedented amount of construction and new leasing activity......The trends are in favour of growth for luxury retail, concludes the 2019 Canadian Luxury Apparel Market report by retail marketing research firm Trendex North America...... the Canadian luxury apparel market will increase by 5.8 per cent in 2019 and by 18 per cent from 2019 to 2023, to reach $3.2-billion in sales within the next five years.....More importantly,...the luxury sector growth rate will be nearly twice that of the overall clothing retail sector.
affluence  brands  densification  high-end  luxury  Mink_Mile  neighbourhoods  property_development  real_estate  rebranding  retailers  Toronto  upscale  urban_intensification  uToronto  Wallace_Immen  Yorkville 
november 2019 by jerryking
Wood buildings reaching higher - The Globe and Mail
WALLACE IMMEN
TORONTO — Special to The Globe and Mail
Published Monday, Jun. 27, 2016
Liberty_Village  Wallace_Immen  wood_products  lumber  construction  skyscrapers 
july 2016 by jerryking
Two ‘fired guys’ poured ambition into Steam Whistle - The Globe and Mail
Oct. 03 2013 | The Globe and Mail | WALLACE IMMEN.

Steam Whistle is a case study for entrepreneurs trying to carve a niche in a competitive industry, says Eric Morse, associate dean of the University of Western Ontario’s Richard Ivey School of Business, who oversees the school’s Quantum Shift program for entrepreneurs.

“They figured out what they wanted to be good at early on, and that’s not always an easy thing to do,” Dr. Morse says. “Entrepreneurs are often throwing a bunch of stuff at the wall to see what sticks.”

“Don’t vary until proven necessary,” is another lesson this emphasizes, he says.

It actually takes more focus and dedication to stay successful once you have initial success,
artisan_hobbies_&_crafts  beers  brewers  craftsmanship  dedication  entrepreneur  entrepreneurship  focus  Ivey  partnerships  Steam_Whistle  variations  Wallace_Immen 
october 2013 by jerryking
30,000 orders for a gadget not yet built - The Globe and Mail
WALLACE IMMEN

The Globe and Mail (includes correction)

Published Wednesday, Jun. 19 2013
Wallace_Immen  start_ups  Kickstarter  wireless  videogames  challenges  connected_devices  wearables 
june 2013 by jerryking
How to draw attention to your great idea - The Globe and Mail
WALLACE IMMEN

The Globe and Mail

Published Thursday, Aug. 30 2012
howto  Wallace_Immen  ideas  persuasion 
september 2012 by jerryking
Leadership Advice
Feb. 15, 2012 | The Globe and Mail |WALLACE IMMEN
movingonup  engineering  Wallace_Immen  career_paths  CEOs  leadership 
march 2012 by jerryking
A boom in the 'bring-your-own' workplace
August 5, 2011
As security concerns ease, the job-related use of personal electronic devices is on a rapid rise

WALLACE IMMEN
workplaces  Wallace_Immen  BYO 
november 2011 by jerryking
Rules to win the networking game
March 2, 2005 | The Globe & Mail Page C5 | By WALLACE
IMMEN as told to him by Tim Cork. (1) Practice networking every day. (2)
Choose your targets. (3) Approach even the loftiest eagles. (4) Tap
into the senses. (5) Take notes. (6) Keep a database.(7) Get to the
point. (8) Ask each contact for two references. (9) Seek help warming up
a call. (10). Be politely persistent. (11) Follow up with a thank you.
(12) Always indicate a willingness to return a favour.
networking  rules_of_the_game  Wallace_Immen 
december 2010 by jerryking
Motivational Flight of the Bumble Bee
July 10, 2004 | Globe & Mail | WALLACE IMMEN. Canadian
author offers some strategies for pursuing satisfaction in one's career.
Wallace_Immen  Managing_Your_Career  self-analysis  career  self-actualization 
february 2010 by jerryking
Opening doors
Feb. 20, 2010 | Globe & Mail | WALLACE IMMEN. "Googling" a
company isn't enough- everyone does that. A source of insider info. is
your local librarian. S/he can help you access business data bases,
trade journals, newspapers and annual reports that aren't available free
anywhere else. Also, scope out competitors of the company you hope to
work for and informally contact current or former employees of either
your target company or a competitor who might give an idea of the
corporate culture & priorities of mgmt. Research the hiring mgr. via
LinkedIn & Facebook to find clues to the person's hobby or
charitable interests...Turn tables on the interviewer...respond with:
"I've been doing some research on your company and the industry."
After mentioning a challenge you've found the company is facing, follow
up with something like: "I can completely relate to that issue and, in
fact, I faced it many times when I was in my previous role." Talk about
how you see it creates an opportunity.
interview_preparation  job_search  Wallace_Immen  due_diligence  scuttlebutt  Managing_Your_Career  libraries 
february 2010 by jerryking
Ease the way to difficult conversations
Aug 21, 2009 | The Globe and Mail. pg. B.12 | by Wallace
Immen. What are the keys to delivering tough news effectively? There
are four steps in the process, according to Richard Gallagher, author of
How to Tell Anyone Anything, Breakthrough Techniques for Handling
Difficult Conversations at Work: (1) Start in the neutral zone; (2)
Acknowledge the person's point of view; (3) Find the biggest incentive
for change; (4) Make the listener part of the solution.
Communicating_&_Connecting  challenges  stressful  Wallace_Immen  howto  rules_of_the_game  workplaces  conversations  difficult_conversations 
november 2009 by jerryking
Summertime, and the job hunting is crucial -
Jul. 15, 2009 | The Globe & Mail | WALLACE IMMEN. Many
ease up on their search during the season, but there are many reasons,
especially this year, not to take a break, pros say.
summertime  job_search  Wallace_Immen 
july 2009 by jerryking
10-10-10: A formula to make smart career choices
May 1, 2009 | Globe & Mail | WALLACE IMMEN interviews Suzy
Welch, the third wife of former General Electric Co. chief executive
officer Jack Welch and the author of the new book 10-10-10: Ten Minutes,
Ten Months, Ten Years: A Life Transforming Idea.
work_life_balance  decision_making  Wallace_Immen  Suzy_Welch  values 
may 2009 by jerryking
Don't wait for brighter days to go after your goals
April 24, 2009 | Globe & Mail | WALLACE IMMEN

THE FOLLOW-THROUGH FACTOR

It's the people who challenge perceptions and find ways around barriers who will get ahead in a tough economy, job coach says
Wallace_Immen  economic_downturn  Managing_Your_Career  adversity  following_up  torchbearers 
april 2009 by jerryking
She knows a good hire when she sees one
Thursday, April 27, 2006 | globeandmail.com | by WALLACE IMMEN

"It is the eagerness to do the job, the ability to want to work with
others and people who want to continually expand their horizons and
train themselves and others, not just in their own areas but in others,"
"When you have an opportunity to meet and impress somebody like Donald
Trump, grab it and don't blow it," she says. Knowing she had only a few
minutes with Mr. Trump, she rehearsed a scenario of options.
Donald_Trump  hiring  interviews  lessons_learned  opportunities  practice  preparation  rehearsals  tips  Wallace_Immen 
april 2009 by jerryking
Hired guns: the 'new rock stars'
Oct 18, 2006 | The Globe and Mail. Toronto, Ont. | article appeared on . pg. C.3 and was written Wallace Immen.
management  Wallace_Immen  interim 
march 2009 by jerryking
Hone the message, trim out the confusing jargon
Saturday, November 4, 2006 Globe and Mail, Career Columnist
WALLACE IMMEN writing about the wrong words that can sabotage your
presentations.
Managing_Your_Career  career  Wallace_Immen  words  Communicating_&_Connecting  presentations  Achilles’_heel 
march 2009 by jerryking
Managers in the crosshairs
Wednesday, August 6, 2008 G&M article by WALLACE IMMEN
With many companies slashing management jobs, it's easy to feel uneasy.
But while there may be more risk to holding a management-level position
these days, open season can also open opportunity to those who have
their skills up to date and keep their long-term goals in mind.

WALLACE IMMEN
tips  job_search  Wallace_Immen  layoffs  managers 
march 2009 by jerryking
globeadvisor.com: Strangers in a strange land
Wednesday, February 11, 2009 by G&M columnist WALLACE IMMEN
More long-term employees are losing jobs. For many, it will mean the
first job hunt in years, if not decades. Here are some rules:
job_search  career  Managing_Your_Career  Wallace_Immen  rules_of_the_game 
february 2009 by jerryking
JOB-HUNTING 101: A GUIDE FOR THE NEW REALITIES OF THESE TOUGHER TIMES
February 18, 2009 G&M column by WALLACE IMMEN. Offers
advice on DISCOVERING OPPORTUNITIES; NETWORKING; YOUR RÉSUMÉ; SCORING AT
THE INTERVIEW; FOLLOWING UP; PROVIDING REFERENCES;NEGOTIATING THE
OFFER; MAKING THE FINAL DECISION
Managing_Your_Career  tips  interviews  job_search  networking  Wallace_Immen  résumés  following_up 
february 2009 by jerryking
Problem workers may not be the problem
Sept. 26, 2008 G&M article by Wallace Immen pointing out
the problem may be the way people of differing personality types are
managed.
Managing_Your_Career  managing_people  Wallace_Immen  filetype:pdf  media:document  personality_types/traits 
january 2009 by jerryking

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