The outlandish Toronto landmark known as Honest Ed’s is for sale for an estimated $100 million. And despite reassurances from the company, it seems the bargain centre at Bloor St West and Bathurst St. is likely to be part of history before very long. Ed Mirvish, who died in 2007, started his in-your-face cut-rate store in 1948 and went on to accumulate a fortune in real estate. Along the way he became one of the world’s great impresarios, owning theatres and launching thousands of performances. The general manager of Honest Ed’s Russell Lazar said “nothing has been signed”. That appears to be a reference to the wide belief that the property will go to condominiums. The Mirvish family is clearly in the process of reorganizing its assets. Last October, David Mirvish unveiled plans for a Frank Gehry-designed art and condo complex at the site of the Princess of Wales Theatre on King Street West in downtown. Honest Ed’s outlandish landmark is for sale
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The outlandish Toronto landmark known as Honest Ed’s is for sale for an estimated $100 million. And despite reassurances from the company, it seems the bargain centre at Bloor St West and Bathurst St. is likely to be part of history before very long. Ed Mirvish, who died in 2007, started his in-your-face cut-rate store in 1948 and went on to accumulate a fortune in real estate. Along the way he became one of the world’s great impresarios, owning theatres and launching thousands of performances. The general manager of Honest Ed’s Russell Lazar said “nothing has been signed”. That appears to be a reference to the wide belief that the property will go to condominiums. The Mirvish family is clearly in the process of reorganizing its assets. Last October, David Mirvish unveiled plans for a Frank Gehry-designed art and condo complex at the site of the Princess of Wales Theatre on King Street West in downtown. 