The block-long property on Yonge Street owned and occupied by the Art Shoppe has been sold to developer Peter B Freed for $40,360,800. The Art Shoppe property was owned by the Offman family which has operated the prestigious retail store there for many decades. Observers said it seemed inevitable, considering the price of $40 million plus that an application will be made for a structure or structures of many storeys in height. The Art Shoppe is located between Soudan Avenue and Hillsdale Avenue. PostCity.com
