An enormous new construction project is about to take place at King West. The project is a mixed-use development called "The Well" - it will span across 7.8 acres or 3.1 million square feet. It will be “a place where a vibrant community thrives," says the description. "Through this sense of experiential energy, the spirit of Toronto comes alive”.
According to Retail Insider, "The Well" will be located right around the entertainment district between Bathurst and Spadina Streets, bordering Wellington and Front. It will be comprised of places to "live, work, play, shop and eat".
The current plans include three highrise condos, three rental apartment towers (over 25,000 living units) offices and 420,000 square feet in retail space. That space will be occupied by food, fashion and entertainment retailers. Those stores will be a "curated" mix of new concept stores, premium stores and flagship locations of popular retailers. Plus, a grocery store to accommodate nearby residents.
But, the developers want to make it clear that "The Well" is not going to resemble a shopping mall in any way. "It truly is an extension of the downtown west area.” According to current projections, "The Well" is set to be complete and open to the public by fall 2021.
Renderings show that the layout will be somewhat of an indoor-outdoor mix. But, a massive 35,000 square foot glass canopy will cover the outdoor walkways to provide a stunning shelter from the elements while allowing for natural light.
Other key features of "The Well" include an underground parking garage, 20-foot ceilings, "brick and beam" architecture, huge 60-foot corridor walkways, plus tons of airy and beautiful spaces to relax and meet friends.
"We think that is the way the new Millennials, the new demographic, wants to shop," one representative tells Retail Insider. The median age of those that live and occupy the space will be 35 years old, according to their website. And we must admit, it does sound pretty incredible.
To learn more about "The Well", check out their website.