07:54:32 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



RioCan Real Estate Investment Trust
Symbol REI
Shares Issued 299,955,784
Close 2024-01-05 C$ 18.97
Market Cap C$ 5,690,161,222
Recent Sedar Documents

Globe says RioCan, Allied reveal The Well in Toronto

2024-01-08 06:01 ET - In the News

Also In the News (C-AP) Allied Properties Real Estate Investment Trust

The Globe and Mail reports in its Saturday edition that The Well in central Toronto is not a shopping mall -- or is it? The Globe's Alex Bozikovic writes that you can walk into this new development and buy a pair of Adidas or a macchiato, then stride through a three-level retail complex with red-brick walls under a diamond-gridded canopy of glass and steel. This structure at Front Street and Spadina Avenue is, however, not just a shopping mall. It comprises six residential towers, a 1.2-million-square-foot office tower and 420,000 square feet of retail. According to its owners, RioCan and Allied Properties, the project transcends even these familiar categories. Toronto's largest building project of the past 20 years wants to disappear. It wants you not to notice its bigness. The Well straddles several boundaries: between indoors and outdoors, private and public, local and generic. The experience begins when you walk or roll in at Front and Spadina. There is no front door: Unlike a typical shopping mall, the complex has a roof but is mostly open to the elements. The Well borrows from King Street West, a block north of The Well, where Toronto industrialists built ornate factories and warehouses between 1880 and 1910.

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