The iconic flagship of the Canadian-founded clothing brand, Club Monaco, will be closing its doors this week. The beautiful storefront is located in the Lillian Massey building at 157 Bloor Street West.
For those who didn’t know, Ralph Lauren Corporation actually purchased Club Monaco shortly after its launch in 1985.
Club Monaco has occupied the two-floor flagship in Toronto for almost 25 years, and now the spot is up for lease next month.
The architecture of the 20th-century building is seriously breathtaking. The men’s section has lovely arched ceilings and massive pillars at the entrance. Plus the room used to be an indoor swimming pool area long ago.
Club Monaco used to host pop-up markets and even tested out restaurants at the Flagship store in hopes to drive more traffic and curiosity.
It comes as no surprise that the cost to occupy and maintain the location are astronomical. According to the Urban Retail Team, the TMI (taxes, maintenance, and insurance costs) for the space is a high $361,735 per year.
Luckily, If Club Monaco is your go-to, it continues to operate 139 stores in Toronto and the GTA, so you can shop in-person at a bunch of storefronts!
We’ll be watching carefully to see if and when another retailer occupies the stunning space. Without a doubt, it would make a great home for any fashion brand that wants to be noticed.
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