History
The project was approved in 1998 with the opening originally planned for 2000. The land was expropriated by the City of Toronto immediately afterwards, and while construction boarding soon went up, the project suffered shutdowns and major delays.
Under the control of developers PenEquity, construction finally began in 2003. A phased opening started in late 2007. The Yonge & Dundas 24 movie theatres (which in the early planning stages had been a 30-plex) opened on March 28, 2008, with a free small popcorn offer for every guest until April 24, and twenty-four digital auditoriums. As per the original agreement, some cinemas are used in the morning as classrooms of Ryerson University.
When it opened, the complex was renamed Toronto Life Square after the local magazine. After the building was placed in court-ordered receivership in 2009, St. Joseph Communications, the owner of Toronto Life magazine, initiated a court action to have the magazine's name removed from the complex. The building was renamed 10 Dundas East in September 2009. Entertainment Properties, a Kansas City-based real estate investment trust that had provided construction financing for the project in 2005, acquired the complex in March 2010.
Cineplex Entertainment acquired the Yonge Dundas 24 theater from AMC Theatres in July 2012.
Read more about this topic: 10 Dundas East
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