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21 November 2013

World’s Biggest Bookstore closes February, sold to developer

Cole family is selling World’s Biggest Bookstore, a Toronto landmark since 1980, to developer behind the Four Seasons Hotel and Liberty Market Lofts.

By:  Business reporter, Published on Thu Nov 21 2013 thestar.com

Extract:
It’s not actually the world’s biggest bookstore. There is a Barnes & Noble in New York City that is more than twice as large. But it still houses a vast number of books, including a wall of Shakespeare, a wall of poetry and another dedicated to Manga. It has long rows of fiction, including a Star Wars section.
And, like Sam the Record Man, which closed in 2007, and Honest Ed’s, which has been sold to a Vancouver developer, the World’s Biggest Bookstore was a brash, quirky retailer that for a long time anchored Toronto’s retail landscape.
Drew McGowen, vice-president of real estate and development for Indigo Books & Music Inc., said the store was at the end of a lease and the company could not afford the new rent. 
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