Pricey Bloor St. a bargain for U.S. retailers - most expensive restaurant dishes in the world

When Toronto entertainment tycoon Charles habinmouth opened his flagship La soci é té restaurant in Bloor St.
Next week, it will mark the return of upscale dining to the old retail space.
Khabouth, head of ink Entertainment, believes he has opened up to seven restaurants in the Yorkville area, his first on Canada's most famous retail Road.
"The rent is certainly not cheap.
But I always wanted to be Bloor St.
This is one of the most prominent areas of the country and it shows that you are serious about doing business.
The timing of Khabouth is accidental: the city's "Mink Mile" is moving from more than one
After a severe recession, the multi-million dollar facelift has once again attracted international luxury retailers.
According to a report released by Colliers International on Tuesday, the strip is the only retail corridor on Colliers's list of the world's top 50 most expensive.
It ranks 37 in the world at an average rental rate of $291.
$66 per square foot, or $300, fell five points from 32 points in 2010.
While the cost per square foot was flat with last year, rents in other international cities rebounded even more after the global economic crisis crushed the luxury market in 2008.
"Toronto is pre-
The famous City of Canada, that's why Bloor Street retains value, "deputy
President of Colliers International.
The low vacancy at Bloor street last year meant the price did not change because the turnover was so low, Colliers said.
The new entrants expected to make their debut at the flagship store are Michael Kors, an American designer, and Intermix, a high-end retailer known for fashion cutting-edge clothing.
Khabouth, the operator of The Guvernment nightclub and the developer of the Bisha Hotel and residential apartments, did not say how much rent he paid for the Bloor St on the second floor
From the restaurant across the street from Hermes, it's upstairs in Prada.
But in the case of a 7,000-square-foot, 2,000-square-foot main floor terrace, he needs to sell a lot of $17 burgers to pay the bill.
"You get the company's high-end stores mostly on Bloor, because it's usually who pays the rent," Khabouth said . ".
With the closure of the last great bistro on Bloor, the night life of this gracious and memorable belmerman died after 6m. Called Khabouth.
Khabouth flew to Paris with Toronto designer Alessandro Munge to explore the authentic French café and pastry collection.
"We want to change the atmosphere on the street.
Although our rent may be high, our price is affordable.
I don't want people to think we can eat at La soci é té only if we shop at Gucci.
This is for the people who live and work in the neighborhood, for the store staff, for everyone.
This is not because we are arrogant on Bloor.
"Still, according to Colliers, Toronto is a bargain when you compare Toronto with other international luxury hotels.
A boutique of 300 square feet on Bloo Street, $1,000 per square foot.
Rent is about $300,000 a year.
But compared to Fifth Avenue in New York, rents have risen by an astonishing 2,150 to $1 per square foot. This is the most expensive place to build retail space.
Hong Kong's Russell Street rose by 25 immediately.
$1,510 to $ per square foot.
Opening a store in a high-end retail store means that some stores may not have unprofitable, but some brands may be in exchange for reaching out to the world's most discerning consumers, which is a loss.
Opening a store on Fifth Avenue or Bloor Street will create a halo effect for the brand and act as a marketing tool, analysts said.
This also explains the influx of the United States. S.
Look to retailers in the north.
Strong Canadian and high consumer confidence has led some American chains to camp here.
So far, it has been a mid-market brand such as Target and mobilalls.
But high-end brands are also seriously considering, analysts say.
"Compared to many places around the world, it is easy to understand why Canada is an attractive market for high-end retailers," said James Smerdon, director of retail and strategic planning at Colliers.
"This explains the influx of the United States. S.
Retailers that have announced or are establishing presence north of the border.
Smerdon says the current U. S.
The invasion will not have a direct impact on the luxury industry, but it may have a trickle of trickle
The negative impact of the future.
"While the impact of this trend will have a direct impact on high street rental rates, Colliers expects rent pressures in this segment to gradually increase in the long run.
Ste in Montreal, Canada-
Catherine Street ranks second in the country for $204.
Robson Street in Vancouver costs £ 16 per square foot and $194 per square foot. 44.
Not all Canadian markets are growing.
Rents on 17 Avenue in Calgary fell 27 cents to $53.
The ByWard Market in Ottawa fell to $38. 89.