Future of Town Centre seems to hang on Target

With word that the Beer Store in the East York Town Centre will close September 22, 2012, there is additional focus on the future of the venerable mall. It is owned by Morguard Investments Limited, a huge company with something like 54 million square feet of space across Canada and in the U.S. southeast. The space is split variously between commercial (like the Town Centre) office and industrial  As we noted in a previous post, there are vacancies (inset above) and much hope will hang on the ability of the new Target store to bring additional customers. Above, the symbolized Target Loves Canada message covering what will be an indoor entrance to the new store.