Market News
31Oct2006 |
Wal-Mart Eyes Downtown TorontoWal-Mart developer Mitch Goldhar has acquired a 50% stake in a downtown Toronto site raising speculation that the city may soon be getting its first downtown big box. According to a report in the Toronto Star, Goldhar's SmartCentres Inc.—the largest developer of power centres in Canada—paid $14 million for its share of the property, the current home of the Toronto Film Studios. According to the report, Goldhar said he purchased the property as a potential site for a centre, but that there were no immediate plans to build. Source: Canadian Grocer E-Newsletter October 31, 2006. 
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