Shopify backs out of lease for massive new office space in downtown Toronto Toronto Shopify
"We recently made the decision not to move forward with developing a new office space at The Well," said Shopify spokesperson Alex Lyons in a statement.
Also unknown is whether or not the developers have found a new anchor tenant to replace Shopify with. Requests for comment from blogTO to RioCan and Allied were not immediately answered., the lease would have seen Shopify more than triple the amount of office space it maintains in downtown Toronto. Things have obviously changed quite a bit since 2018 and the space no longer makes sense, according to the company.
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