EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE 23 ST. THOMAS STREET STUART A. SMITH* Vice President +1 416 815 2392 stuart.smith@cbre.com *Sales Representative

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE 1 2 3 CONTENTS 1 Building Features...3 2 Context...4 3 Aerial Photos and Storefronts...5 4 Bay/Bloor/Yorkville Retail Streetscape Q2 2016...10 5...12 6 Current Submarket Overview...16 7...18 8 New Residential Condominium Construction in Bay/Bloor/Yorkville...20 :: 2

23 ST. THOMAS STREET BUILDING FEATURES AVAILABLE LOCATION Immediately 100 feet south off Bloor Street West, one block west of Bay Street SIZE Total Option One Option Two Option Three 4,350 square feet 4,350 square feet 1,880 square feet 2,470 square feet DIMENSIONS 98 feet x 67 feet (approximately) (Option 1) 68 feet frontage x 25 feet depth (Option 2) 30 feet frontage x 67 feet depth (Option 3) CEILING HEIGHTS 12 feet - 14 feet to slab POSTED NET RATE $150.00 per square foot TMI Taxes and CAM $26.50 per square foot UTILITIES TERM Separately metered 10 years plus one 5 year option to renew 3 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE CONTEXT Bay-Bloor-Yorkville Pedestrian Customer Traffic (24 hour volume) 48,492 Bay-Bloor-Yorkville Vehicular Traffic (24 hour volume) 41,092 Bay-Bloor-Yorkville Retail Sales 2015 (over 600 outlets) $1.8 Billion Bay-Bloor-Yorkville Total Area Retail Space 2015 (over 600 outlets) 1.5 Million SF of this is Streetfront Retail 2.3 Million SF Bloor Street Sales Per Square Foot Primary Luxury Retail Stores in the Bloor Corridor between Yonge Street and Avenue Road $2,000 - $2,400 PSF :: 4

23 ST. THOMAS STREET AERIAL Yonge Street Bloor Street Bay Street St. Thomas Street N 23 ST. THOMAS STREET Avenue Road Queens Park 5 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE PHOTOS STOREFRONTS :: 6

23 ST. THOMAS STREET PHOTOS INTERIOR 7 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE PHOTOS RETAIL NEIGHBOURHOOD :: 8

23 ST. THOMAS STREET PHOTOS NEIGHBOURHOOD 9 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE BAY/BLOOR/YORKVILLE RETAIL STREETSCAPE Q2 2016 WHOLE FOODS EQUINOX FITNESS EMPIRE DEVELOPMENT SITE YORKVILLE VILLAGE MALL THE HAZELTON HOTEL LOUIS BLACK JEWELERS (FORMERLY HAZELTON LANES) JAMES PERSE GEORGE C. ONE HAZELTON HOTEL HAZELTON AVENUE KITON SUIT SUPPLY FUTURE BRUNO CUCINELL 104 YORKVILLE 102 YORKVILLE FUTURE CHANEL DIESEL LETROU NORMAND PUBLIC PARKING 172 SPACES LOLE 84 YORKVILLE SUNGLASS HUT ANTHROPOLOGIE SCOLLARD STREET THE REGENCY YORKVILLE SKIN CARE CLINIC AVENUE ROAD STK 21 AVENUE ROAD DEVELOPMENT SITE HSBC BANK CHURCH OF THE REDEEMER 150 BLOOR WEST OFFICE DEVELOPMENT SITE PRAIRIE GIRL CUPCAKES STARBUCKS LOUIS VUITTON DOLCE DECOR CORBO STUDIOS TIFFANY & CO. FLOR CIAO WINE BAR IL POSTO TASCHENI NESPRESSO CAFE BURBERRY PUBLIC PARKING 300 SPACES LULULEMON INTERMIX OXLEY AVEDA HERMÈS AMBER GELATO BAR HEMINGWAY S GUCCI DIMMI NICOLAS MENSWEAR VILLAGE OF YORKVILLE PARK CALVIN KLEIN GUERLAIN BROWN SHOES KASA MOTO CAFE HAVANA TANYA HEATH PARIS SHOES KATE SPADE BROOKS BROTHERS J. CREW OVER THE RAINBOW JEANS FIORI SALON L OCCITANE 130 CUMBERLAND KIT & ACE CATALYST HEALTH TONI & GUY HAIR SALON WOLFORD PURE + SIMPLE SPA THE PAPERY 100 BLOOR WEST FUTURE CHRISTIAN LOUBOUTIN DANIEL SALON CAROLE S CHEESCAKE GALLERY HERMÈS YORKVILLE AVENUE FREE PEOPLE UNCLE OTIS THE CASHMERE SHOP SASSAFRAZ HOLT RENFREW MEN PINK TARTAN BELLAIR STREET CUMBERLAND STREET BELLAIR STREET CAFE NERVOSA ZAZA ESPRESSO BAR VATICANO ESPRESSO BAR MINTO YORKVILLE PARK CAFFÉ BACIO HARRY ROSEN DYNASTY JOHN FERREGAMO CUSTOM DESIGNERS BANANA REPUBLIC ROOTS CAPEZIO PUSATERI S PARAMOUNT FOODS FRESHII STARBUCKS STAVROS CUSTOM TAILORS SPECCHIO FLIGHT CENTRE SANDWICH BOX DAVID S TEA BLOOR STREET WEST CLUB MONACO THE NORTH FACE MONT BLANC STUART WEITZMAN MAX MARA FORMER SEPHORA MONCLER (PENDING) ESCADA L AGENT PROVOCATEUR THE BLACK GOAT CARTIER MICHAEL KORS PRADA MULBERRY COACH DIOR (PENDING) DOLCE & GABANA ROLEX COLE HAAN VICTORINOX TOWN SHOES 93 BLOOR WEST MAC ROOTS KIDS COS HUGO BOSS FUTURE SEPHORA TD BANK 23 ST. THOMAS ST. THOMAS STREET :: 10

23 ST. THOMAS STREET ARCHIVES JEWELRY BUCA 18 YORKVILLE FOUR SEASONS HOTEL & RESIDENCES CREPES A GOGO BB BUGGY PUBLIC PARKING 1,036 SPACES TASCHENI MIDEASTRO MARVEL HAIR VITKO CHIROPRACTIC BLU TAZ HAIR SALON DENTISTRY ON YORKVILLE ROGERS TM APHRODITES CLEANERS MELA ITALIAN SEVE HAIR SALON 1 YORKVILLE DEVELOPMENT SITE THE KITCHEN PLACE LA MEXICANA BAY STREET DEVELOPMENT SITE DF SALON THE PILOT RAWLICIOUS SHOPPE D OR CUMBERLAND TERRACE DEVELOPMENT SITE ROMAN EMPIRE HAIR FORTUNA RISTORANTE THOMAS HINDS TOBACCONIST INTERNET CAFE VOLUME LOUNGE PIZZAIOLO LE CHEN ASIAN BISTRO BIG SMOKE BURGER QUIZNO S XTREME TASTE EAT A PITA GRAND JEWELEY PIZZA PIZZA YONGE STREET THE GAP HOLT RENFREW (RESIDENTIAL TOWER PLANNED) ZARA FOSSIL ARITZIA HMV BCBG TALBOTS 2 BLOOR WEST CIBC BIRKS MANULIFE CENTRE WILLIAM ASHLEY SCOTIABANK H&M FUTURE APPLE STORE INDIGO BOOKS FUTURE EATALY GROCERY/ UPTOWN RESIDENCES 1 BLOOR WEST 11 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE DEMOGRAPHICS 16% 14% 12% 10% 8% 6% 4% 2% 0% % OF POPULATION BY AGE RANGE Bloor-Yonge GTA Age (Years) AVERAGE ANNUAL HOUSEHOLD INCOME $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $- Bloor-Yonge GTA % OF POPULATION BY HIGHEST EDUCATIONAL ATTAINMENT University certificate or degree University certificate or diploma below bachelor College, CEGEP or other non-university certificate or diploma Apprenticeship or trades certificate or diploma High school certificate or equivalent No certificate, diploma or degree GTA Bloor-Yonge 0% 10% 20% 30% 40% 50% 60% 70% Source: Environics Analytics 2015 :: 12

23 ST. THOMAS STREET Bloor-Yonge St.Clair-Yonge Eglinton-Yonge North Yonge Corridor Mississauga City Centre Consumers Road East York-Don Mills South North York West Don Mills North Gordon Baker-Victoria Park Scarborough Markham North-Richmond Hill Markham South Vaughan Airport Corporate Centre Bloor-Yonge North Yonge Corridor Eglinton-Yonge St.Clair-Yonge North York West Scarborough Consumers Road Vaughan East York-Don Mills South Gordon Baker-Victoria Park Don Mills North Airport Corporate Centre Markham South Markham North-Richmond Hill Mississauga City Centre AVERAGE OFFICE WALK SCORE 0 20 40 60 80 100 AVERAGE OFFICE TRANSIT SCORE 0 20 40 60 80 100 WALK SCORE is a number between 0 and 100 that measures the walkability of any address or area TRANSIT SCORE is a number between 0 and 100 that measures the transit accessibility of any address or area Source: Environics Analytics 2015 13 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE TRAFFIC STUDY Visitors Profile Where They Come From Rest of Ontario 13 % 38 % work in the area 59 % 41 % Average Age 38.6 yrs Average Income $98K Rest of Canada 2 % Toronto 81 % USA 2 % Outside North America 2 % 32 % live in the area 40 % don t work/live in the area Use of Bloor-Yorkville Area 69 % visit weekly Shopping (NET) General browsing, no speci c reason Shopping at a speci c store Shopping for a speci c item On my way to/from work Just walking by Meet friends, socialize Eat, drink, restaurants, cafes Top Reasons for Visiting 33% 16% 11% 6% 17% 14% 10% 9% Top Destinations Visited/Planning to Visit Apparel/Department Store Specialty Food Restaurants/Bars/Nightclubs Grocery/Convenience Pharmacies/Health & Beauty Books/Magazines/Sta onery Shoes Salons/Spas 35% 29% 20% 16% 7% 7% 5% 5% Spending Habits Share of Spend Other Shopping Districts Normally Visited 75 % made a purchase average spend $143 Female 62% Male 38% 18-34 36% 35-54 40% 55+ 24% Under $50K 11% $50K-$99K 25% $100K-$149K 18% $150K+ 46% Eaton Centre Queen Street West Yorkdale Kensington Market Yonge & Eglinton Bloor West Sherway Gardens St. Lawrence Market The Annex Danforth The Beach Shops at Don Mills 8% 8% 7% 6% 5% 5% 4% 2% 2% 29% 29% 52% Source: The following results are taken from a Vision Critical study conducted for the Bloor-Yorkville Business Improvement Area. In total, 1002 Bloor-Yorkville visitors were randomly interviewed across ten locations. Fieldwork was conducted between May 23 June 9, 2013. :: 14

23 ST. THOMAS STREET Bloor-Yorkville Annual Events Aware Attended Top Modes of Transportation to Bloor-Yorkville Bloor-Yorkville Ice Fest 54% 41% Yorkville Exo c Car Show 34% 24% Beau licious 26% 11% Holiday Magic 18% 8% 20 % always/often shop on Statutory Holidays Subway/TTC Walk 42% 39% Primary Source for Shopping/Sales Info Car 15% Walk by/window shop 24% Email newsle ers Newspaper Word-of-mouth/friends Store or building websites 14% 11% 10% 9% Print The Star 5% Globe & Mail 4% Metro 1% The Sun 1% Na onal Post 1% Top Social Media Sites Used for Shopping/Sales Info 89 % 18 % 60 % 15 % Social media/social networking sites 9% Direct mail/circular/ yer 4% 51 % 14 % Magazines Online magazines 3% 3% 43 % 13 % Television 3% 36 % 10 % Online newspapers Radio 2% 1% online 36 % 8 % Other 7% Google/Online Search 4% 33 % 15 :: Source: The following results are taken from a Vision Critical study conducted for the Bloor-Yorkville Business Improvement Area. In total, 1002 Bloor-Yorkville visitors were randomly interviewed across ten locations. Fieldwork was conducted between May 23 June 9, 2013.

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE CURRENT SUBMARKET OVERVIEW Several major retail developments in the Bloor-Yorkville area are competing for anchor tenants in 2016. These include the two hi-rise residential buildings at the corner of Yonge and Bloor, 1 Bloor Street East and 1 Bloor Street West ( The One ), the conversion and total renovation of Hazelton Lanes by First Capital to become Yorkville Village, and future expansion plans for Cumberland Terrace, 2 Bloor Street East, the Holt Renfrew Centre, 100 Bloor Street West and the Park Hyatt Hotel. as existing space dried up and these major projects got off the ground. As renewals in some of the existing Bloor West luxury retail buildings hit the $400 net per square foot mark, there has been a growing feeling among retailers in this category that, since city blocks in Toronto are relatively short and easily walkable, that an off-bloor presence with twice the space at half the rent, could be a viable route to take as pre-recession lease terms began to expire and tenants became faced with increases in the direction of $400 from prior to 2008. 23 St. Thomas Street is perfectly positioned to accommodate this retail trend, and is closer to Bloor than Yorkville. :: 16

23 ST. THOMAS STREET 23 St. Thomas Street is a hundred feet from the prime central portion of the Bloor West luxury retail strip, and has what would be considered a triple frontage in terms to be announced, took a larger historical single user building on Yorkville, two blocks north of Bloor towards the west end of the street at Avenue Road, 23 St. Thomas Street represents the closest option for a luxury retail store to Bloor, at the best net storefront, and up to 14 foot ceilings, all at less than half the net rates and half the taxes to be currently found on Bloor Street West retail space is divisible into two stores of 1,880 square feet and 2,470 square feet, respectively, or can be used as it has during the tenure of UGG during the last six years, as a 4,350 square foot retail unit. The store is next to Victorinox at the southeast corner of Bloor West and St. Thomas and across from Cole-Haan and Rimowa Luggage and Accessories. 17 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE FLOOR PLANS OF POTENTIAL CONFIGURATIONS OPTION ONE ST. THOMAS STREET 15'-2" 25'-10" 17'-1" 10'-0" 29'-8" 24'-2" FHC VACANT Frontage of 97 8 4,350 sq. ft. 16'-3" 19'-1" 12'-9" 18'-8" VACANT FHC OPTION TWO ST. THOMAS STREET 15'-2" 25'-10" 17'-1" 10'-0" 24'-2" Frontage of 68 1,880 sq. ft. FHC :: 18

23 ST. THOMAS STREET OPTION THREE ST. THOMAS STREET 29'-8" Frontage of 29 8 16'-3" 19'-1" 12'-9" 18'-8" 2,470 sq. ft. VACANT FHC 19 ::

EXCLUSIVE LUXURY RETAIL SPACE FOR LEASE NEW RESIDENTIAL CONDOMINIUM CONSTRUCTION IN BAY/BLOOR/YORKVILLE PROJECT NAME ADDRESS NUMBER OF UNITS STOREYS STATUS Casa 2 42 Charles Street East 478 56 Under Construction Casa 3 50 Charles Street East 578 55 Under Construction Yorkville Private Estates Exhibit Residences Avenue Road and Cumberland Street 200 Bloor Street West 266 40 Pre-Construction 200 32 Under Construction The Florian 76 Davenport Road 87 21 Standing Inventory Milan Condominiums 825 Church Street 322 37 Standing Inventory Minto Yorkville Park 94 Cumberland Street 200 25 Pre-Construction :: 20

23 ST. THOMAS STREET PROJECT NAME ADDRESS NUMBER OF UNITS STOREYS STATUS Yorkville Plaza Condos 155 Yorkville Avenue 493 32 Standing Inventory 1 Yorkville 1 Yorkville Avenue 577 58 Under Construction Number One Bloor 1 Bloor Street East 732 75 Under Construction Pears on the Avenue 170 Avenue Road 170 20 Standing Inventory The Perry Condos 128 Pears Avenue 45 11 Under Construction The Rosedale on Bloor Condos 387 Bloor Street East 487 52 Pre-Construction Schoolhouse Residences 391 Brunswick Avenue 19 5 Standing Inventory 21 ::

STUART A. SMITH* Vice President +1 416 815 2392 stuart.smith@cbre.com *Sales Representative CBRE Limited, Real Estate Brokerage 145 King Street West, Suite 1100 Toronto, ON M5H 1J8 This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation ( CBRE ). The information set out herein, including, without limitation, any projections, images, opinions, assumptions assume any responsibility or liability, direct or consequential, for the Information or the recipient s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from