1970s Yorkville relic to be razed for swank new retail

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Yorkville is already pretty fancy, but the neighbourhood near Yonge and Bloor is about to get even swankier. That's because Greybrook Realty Partners Inc. and First Capital Realty are getting ready to demolish the existing building at 101 Yorkville Ave., to make way for a new 35,000 square foot space, as Retail Insider reports today.

"The redevelopment project will be tailored to meet leading international luxury tenants' demanding requirements," said CEO of Greybrook Realty Partners Peter Politis in a news release.

As Retail Insider notes, Yorkville Avenue is slowly getting an influx of high-end retailers, including Christian Louboutin. Chanel is slated to move in to 98 Yorkville Ave.

Popular denim destination Over the Rainbow is currently located at 101 Yorkville Ave. It's still unclear what's going to happen with this longstanding store.

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