Metropolis (Toronto)

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Mall facts and statistics
Metropolis


Location	Toronto, Ontario, Canada
Opening date	2007 (phased) (tentative)
Developer	PenEquity
Management	PenEquity
Owner	PenEquity
No. of stores and services	N/A
No. of anchor tenants	4+
Total retail floor area	360,000 ft² (33,444 m²)
Parking	N/A
No. of floors	13 (10 above ground & 3 concourses) (Shopping levels to be located on Levels 1 to 4 and Concourse Level 1) (Levels 5 to 10 office space only)
Website	www.metropolis.ca

Metropolis is a high-profile retail, office and entertainment complex development on the north-east corner of the intersection of Yonge Street and Dundas Street in Toronto. The project, which is currently unfinished, and was originally delayed several times, sits on a large parcel of prime land in the city's commercial core, on the north side of Dundas Square. The project was approved in 1998 with the opening originally planned for the year 2000. While construction boarding went up soon afterwards, the project suffered shutdowns and major delays. Construction finally began in 2003 and the developer, PenEquity, is now projecting a phased 2007 opening.

The project is being built around and over an existing parking garage belonging to the adjacent Ryerson University. In exchange for the air rights to build over its land, Ryerson will gain use of the AMC theatres as classrooms during daytime hours.^{[citation needed]}

Renderings of the Metropolis project are available here.

1 Effect on Local Economy and Tourism
2 Anchors
3 Other retailers
- 3.1 Stores
- 3.2 Restaurants/Food Court
4 Construction Gallery
5 External links

[edit] Effect on Local Economy and Tourism

Metropolis is a flagship commercial development in Toronto's bustling Dundas Square area. Analysts believe Metropolis will likely stir new commercial and tourist growth in the Toronto downtown area. The growth of commercial prospertity in other more mature commercial districts such as New York City's Times Square, London's Piccadilly Circus and Tokyo's Shibuya have served as the basis for these projections.

Downtown Toronto already has high profile, major shopping districts, particularly in the nearby indoor Toronto Eaton Centre shopping complex, the Yorkville area, and parts of Queen Street West. Metropolis, however, is trying to stir development of a different type of shopping area, one that is dominated by billboards and video screens as well as high density buildings in an outdoor shopping area similar to Times Square in New York City.

Building under construction. (Taken November 5th, 2006)

[edit] Anchors

All tenants are subject to change as the complex does not officially open until fall 2007 (partial opening). DisneyQuest the Canadian Music Hall of Fame and Virgin Megastore were originally anchor tenants, but later withdrew from the project.

Adidas Sport Performance Store

Adidas will open its store directly on the corner of Yonge & Dundas. The store will feature Adidas products such as footwear and accessories relating to sports.

AMC Theatres

AMC will anchor the entertainment portion of Metropolis with a 24 screen theatre. The AMC 24 located in Metroplolis is set to be a flagship of its Canadian operations.