One of the most prominent retail spaces in downtown Montreal has come up for lease, providing the potential for a flagship location for a major global or homegrown brand. Located at 1035 Ste-Catherine Street West, the multi-level retail space occupies the coveted northeast corner of Ste-Catherine and Peel Streets in the heart of the city’s popular urban retail zone.
Foot traffic abounds in the area, with some of the world’s top brands having stores located nearby. Many consider it to be ‘centre ice’ in terms of retail in Montreal, with the corner boasting the highest footfall in the city.
The busy intersection is home to Canada Goose with other big names nearby such as Aritzia, Roots, Aldo, and Club Monaco among others, with a Harry Rosen flagship store being located behind on iconic Peel Street which is home to the prestigious Les Cours Mont Royal retail complex and other notable retailers such as Mejuri.
The stretch of Ste-Catherine Street where 1035 Ste-Catherine is located boasts Holt Renfrew Ogilvy just three blocks to the West and both La Maison Simons and Hudson’s Bay a short walk to the east. The area is home to numerous hotels, restaurants, and attractions, making it a popular area for visitors.
The 1035 Ste-Catherine space is connected directly to downtown Montreal’s underground pedestrian walkway system that spans most of the downtown Montreal area that includes indoor access to an atrium and the STM Metro system (Peel Station) as well as the new REM system, which will be operational within two years. Also connected underground is many downtown shopping malls including Place Montreal Trust, Montreal Eaton Centre, Promenades Cathedral, Place Ville Marie, and Place Bonaventure. For those driving downtown, numerous parking lots are located nearby and 1035 Ste-Catherine itself has its own parking facility that is connected to the Underground City.
The 1035 Ste-Catherine Street West property is in turnkey condition and features a total of 18,464 square feet of retail space over three levels. That includes a ground floor of 4,745 square feet, a second floor spanning 7423 square feet, and a basement level connected to the Metro measuring 6287 square feet. Demising options are available for the space that boasts over 100 feet of frontage with large floor-to-ceiling windows. The design of the building allows for open spaces as well as space for collaborations and pop-up events for the community.
The building is unique in how it juts out on Peel Street – its position is more westward than any building on Peel Street, offering unobstructed visibility.
Owner Marine Group has found that the daytime population within one kilometer of the site is almost 234,000, with a median age of just over 30 years. Within three kilometres, that number increases to a whopping 825,000 people during the day, creating a strong potential market for the corner which is said to be the busiest in Montreal.
The entire 18,464 square foot space can be leased by one retailer, and demising options are also available according to the landlord. The landlord is also open to discussions around improvements to the space including incentives and tenant allowances. For more information on 1035 Ste-Catherine Street West, contact:
Kyle Mintzberg
kmintzberg@marinegroup.ca
514-284-1000 office
424-313-4661 cell
*Retail Insider worked with The Marine Group on creating this article.
