Choice Properties Real Estate Investment Trust and Wittington Properties Limited unveil "West Block" redevelopment plans for revitalizing prominent intersection

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[{"type":"text","content":"\n\n\n\n\n\nHistoric Loblaw Groceterias building to be cornerstone of new and vibrant community\n\n\n\nTORONTO, Aug. 5, 2015 /CNW/ - Choice Properties Real Estate Investment Trust (\"Choice Properties\") (TSX: CHP.UN), in a joint venture partnership with Wittington Properties Limited, today unveiled its plans to revitalize and restore the original Loblaw Groceterias building to create West Block, an urban community that combines retail shops anchored by a Loblaws Great food store, with office space and two residential towers.\n\nThe property is comprised of approximately 3.5 acres of land located on the northeast corner of Lake Shore Boulevard and Bathurst Street in Toronto, Ontario.  The historical building was established in 1928 and served as the Loblaw head office and warehouse until the company relocated in the 1970s. The exterior façade of this heritage building will be dismantled brick by brick, stone by stone, cleaned and preserved, then put back together again to restore the building to its original glory. \n\n\"In preserving the original façade of the building, we are honouring the proud heritage of this important piece of Toronto real estate,\" said John Morrison, President and CEO of Choice Properties. \"We're very excited to share our modern vision for the future West Block using the building blocks of the past.\"  \n\nThe West Block redevelopment makes use of a building that has been out of service since the Daily Bread Food Bank relocated operations in 2000. This historic building will be rejuvenated to offer seven storeys totalling approximately 245,000 square feet of gross leasable area for retail and office space, including a 50,000 square foot Loblaws Great food store. Integrating with the social fabric of its local environment, West Block will provide connectivity through common spaces that will showcase the culture and vibrancy of Toronto.  With places to live, shop, work and play, the West Block redevelopment will bring Lake Shore and Bathurst back to prominence as one of Toronto's most vibrant intersections for people, community and commerce.\n\nDeveloper Concord Adex has entered into an agreement to acquire the air rights and will be constructing the residential component of the project, which includes two residential condominium towers of 37 and 41 storeys that will contain ...

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