The large Canadian commercial real estate owner and manager RioCan has announced this morning that it has “waived conditions pursuant to a purchase and sale agreement” for 1860 Bayview Ave. at Broadway Ave. This is the old Brennan’s Pontiac site which is now being developed by Kingsett and Trinity Devleopments as a commercial site anchored by Whole Foods grocery store. The release says that RioCan, which owns both the Sunnybrook Plaza and the Leaside Centre on Laird Drive, will be acquiring the completed site at 1860 Bayview on a forward purchase basis at an expected purchase price of $58 million. The Whole foods store is said to be planned at 50,220 square feet.
