Yorkville is well known for its shopping and luxury condominiums and hotels. It is roughly bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west, and is considered part of the ‘The Annex’ neighbourhood officially. It is one of Canada’s most exclusive shopping districts. It is anchored by the Mink Mile along Bloor Street. In 2006, Mink Mile was the 22nd most expensive street in the world, with rents of $208 per square foot.
Yorkville had retail rents of $300 per square foot in 2008, making it the third most expensive retail space in North America. In 2008, the Mink Mile was named the seventh most expensive shopping street in the world by Fortune Magazine, claiming tenants can pull in $1,500 to $4,500 per square foot in sales.
Yorkville has upscale shopping, restaurants, and the first five star hotel in Canada. It was also home for many years to Canada’s first and longest-running erotica boutique, Lovecraft. Upscale boutiques include Burberry, Prada, Gucci, MAC Cosmetics, Hugo Boss, Chanel, Hermès, Louis Vuitton, Holt Renfrew, Tiffany & Co., Escada, Ermenegildo Zegna, Cartier, Harry Rosen, Calvin Klein, Cole Haan, Vera Wang, Lacoste, Ferrari, Maserati, Rolls-Royce Motor Cars, Williams-Sonoma, Bang and Olufsen, Betsey Johnson, Max Mara, Montblanc, Bulgari, Birks, Coach, Guerlain, Swarovski, and other upscale designer boutiques. The Holt Renfrew store on Bloor is the luxury retailer’s flagship and largest store with four floors and boutiques.
Many flagships of other companies are located here as well, such as Harry Rosen, Town Shoes, Lacoste, Gucci, Coach, and Chanel (in which the Canadian flagship became one of the largest in the world.) Browns Shoes opened on Bloor, with merchandise that is much more expensive than at their other boutiques.
Luxury hotels in Yorkville include the InterContinental Toronto Yorkville, Four Seasons, the Park Hyatt, the Hazelton Hotel, the Windsor Arms Hotel, the Residence on Bay and the Toronto Marriott Bloor Yorkville Hotel.
There are many offices and professional services. Notable companies/organizations include the Retail Council of Canada, Canada Post, IBM Canada, Alliance Atlantis, Famous Players, Paramount Pictures, Showcase Television, Twentieth Century Fox Film Corporation, Unilever and the consulates of several nations.
MTV Canada headquarters are located in Yorkville as well. Canada’s largest museum and the fifth largest in North America, the Royal Ontario Museum is located at the intersection of Bloor and Avenue Rd. The area north of Bloor St. on Cumberland and Yorkville contain petite streets with cafes, restaurants and specialty boutiques. It resembles more of a European style district.
Yorkville is home to some of Toronto’s most expensive condominiums, most starting at over one million dollars and going well beyond, including: The Prince Arthur, Renaissance Plaza, 10 Bellair, One St. Thomas, Windsor Arms Hotel, The Hazelton Hotel & Residences, Hazelton Lanes.