131 Bloor St. W., Toronto. Photo: retaildesignblog.net — *131 Bloor St. W., Toronto. Photo: retaildesignblog.net*

Prada's only freestanding Canadian location is expanding, and updates on its landlord's leasing site shows a two-level retail space more than twice the size of Prada's existing store.

Located at The Colonnade at 131 Bloor Street West, Prada will take 7,751 square feet of additional space, according to Morguard's website. Prada's current ground-floor store is 5,889 square feet, according to plans, and the new store will measure 13,640 square feet.

*Click above or below for full PDF Lease Plan*

Prada will occupy second-floor space in part of the former Japan Foundation as well as hallway space formerly leading to Chanel. The 7,400 square foot Chanel store will vacate The Colonnade for an 8,700 square foot location on Yorkville Avenue in early 2017.

Prada will also open its second freestanding Canadian store in Vancouver next year within The Carlyle retail complex at the southeast corner of Alberni Street and Thurlow Street. Sources say that the Vancouver store will span approximately 8,200 square feet over two floors, in the same complex as De Beers, Tory Burch and a soon-to-open Moncler store.

Prada also currently operates several concessions within luxury retailer Holt Renfrew. Sources say that Prada may open an expanded ground-floor concession with a streetfront entrance at Holt Renfrew's Bloor Street flagship, featuring accessories, footwear and ready-to-wear. The Prada concession within Holt Renfrew’s Vancouver store is expected to expand as the store grows and renovates, and sources at Holt Renfrew say that Prada may also open substantial locations within Holt’s Mississauga Square One location when it opens in the spring of 2016, as well as at an expanded Ogilvy/Holt’s in Montreal in 2017.

Canadian Retail News From Around The Web: December 9, 2015