The Subject property is located in the heart of downtown Toronto, a short distance east of Yonge Street and steps from major cultural and recreational sites. The general area is a very active pedestrian node with high traffic due to nearby attractions including Union Station, St. Lawrence Market, Hockey Hall of Fame, CN Tower, Scotiabank Arena and Rogers Centre. The Property also benefits from its proximity to Toronto’s financial district as well as high density of condos and new development’s and hotels.