A Study of Commercial Gentrification and the Displacement of Small Businesses in the Downtown Yonge Street Neighbourhood

Total Page:16

File Type:pdf, Size:1020Kb

A Study of Commercial Gentrification and the Displacement of Small Businesses in the Downtown Yonge Street Neighbourhood A STUDY OF COMMERCIAL GENTRIFICATION AND THE DISPLACEMENT OF SMALL BUSINESSES IN THE DOWNTOWN YONGE STREET NEIGHBOURHOOD by Anna Flood BA, Carleton University, 2014 A Major Research Paper presented to Ryerson University in partial fulfillment of the requirements for the degree of Master of Planning in Urban Development Toronto, Ontario, Canada, 2018 ã Anna Flood, 2018 Author’s Declaration for Electronic Submission of MRP I hereby declare that I am the sole author of this MRP. This is a true copy of the MRP, including any required final revisions. I authorize Ryerson University to lend this MRP to other institutions or individuals for the purpose of scholarly research. I further authorize Ryerson University to reproduce this MRP by photocopying or by other means, in total or in part, at the request of other institutions or individuals for the purpose of scholarly research. I understand that my MRP may be made electronically available to the public. ii A STUDY OF COMMERCIAL GENTRIFICATION AND THE DISPLACEMENT OF SMALL BUSINESSES IN THE DOWNTOWN YONGE STREET NEIGHBOURHOOD ã Anna Flood, 2018 Master of Planning in Urban Development Ryerson University Abstract This research explores the unintended consequences of recent development trends for small businesses along Yonge Street between Bloor Street and College/Carlton Street in Toronto. By examining development projects between 2007 and 2018, the preference for large retail units at ground level with high-rise residential condominium towers above is evident. Heritage buildings and attributes are being demolished, where allowed, to create the base that supports this type of development. New development projects are increasing property values and taxes, and commercial rents. The lack of appropriately sized and priced retail space is displacing successful small businesses. The residents who are new to the neighbourhood are increasingly young persons who have higher incomes and levels of educational attainment. Small businesses may be unable to adapt to their consumer preferences. Key opportunities are identified for the City of Toronto to support successful small businesses in the neighbourhood and to maintain the character and heritage of Downtown Yonge Street. Key words: planning; commercial gentrification; displacement; small businesses; Toronto iii Acknowledgments I wrote this paper with the guidance and support of my professor and supervisor, Dr. Ronald Keeble. My second reader, Steven Ziegler, provided invaluable insight and encouragement. Thank you to my sister, Kristen Flood, for your uninterrupted advice about the world of urban planning and to my mother, Susan Webber, for your continuous encouragement. iv Table of Contents 1. INTRODUCTION .................................................................................................................. 1 Location ...................................................................................................................................... 1 History of Yonge Street .............................................................................................................. 2 Current State of Downtown Yonge Street .................................................................................. 4 Municipal Responses to Gentrification ....................................................................................... 6 2. LITERATURE REVIEW ....................................................................................................... 8 Gentrification .............................................................................................................................. 8 Displacement of Small Businesses ............................................................................................. 9 Importance of Small Businesses to Neighbourhood Character ................................................ 14 3. METHODOLOGY ............................................................................................................... 16 Demographics Analysis ............................................................................................................ 16 Development Examination ........................................................................................................ 16 Case Studies .............................................................................................................................. 17 4. POLICY REVIEW OF DOWNTOWN YONGE STREET ................................................. 18 City of Toronto Official Plan (2006) ........................................................................................ 18 City of Toronto Zoning By-law 438-1986 and City of Toronto Zoning By-law 569-2013 ..... 19 5. DEMOGRAPHIC ANALYSIS OF DOWNTOWN YONGE STREET .............................. 21 Population Growth and Density ................................................................................................ 21 Age ............................................................................................................................................ 22 Household Type and Median Income ....................................................................................... 22 Occupation ................................................................................................................................ 23 Educational Attainment ............................................................................................................ 23 6. DEVELOPMENT APPLICATIONS FOR DOWNTOWN YONGE STREET ................... 25 501 Yonge Street ....................................................................................................................... 27 480 Yonge Street ....................................................................................................................... 33 606 Yonge Street ....................................................................................................................... 43 Analysis..................................................................................................................................... 49 7. CITY OF TORONTO RESPONSES TO COMMERCIAL GENTRIFICATION IN DOWNTOWN YONGE STREET ............................................................................................... 52 Ontario Heritage Act (1990) ..................................................................................................... 52 City of Toronto Historic Yonge Street Heritage Conservation District Plan (2016) ................ 52 City of Toronto Tall Building Design Guidelines (2013) ......................................................... 53 North Downtown Yonge Area Specific Policy No. 382 and Urban Design Guidelines (2013)53 Property Tax Amendments ....................................................................................................... 54 8. CASE STUDIES: MUNICIPALITIES’ RESPONSES TO COMMERCIAL GENTRIFICATION ..................................................................................................................... 57 Zoning ....................................................................................................................................... 57 Community Benefits of Agreements ........................................................................................ 59 Retail Curation .......................................................................................................................... 59 v Historic Preservation ................................................................................................................. 60 Create a Preference for Local Businesses in Publicly-Owned Buildings, and Vacant and Under-Utilized Buildings .......................................................................................................... 61 Provide Affordable Commercial Space through Mission-Driven Entities ............................... 62 Commercial Tenant Protections ................................................................................................ 62 Tax Alleviation Schemes .......................................................................................................... 64 Vacant Commercial Properties Tax .......................................................................................... 65 Civic Stewardship ..................................................................................................................... 65 9. REFLECTIONS, LESSONS, AND RECOMMENDATIONS ............................................ 68 Zoning ....................................................................................................................................... 68 Community Benefit Agreements .............................................................................................. 68 Retail Curation .......................................................................................................................... 69 Historic Preservation ................................................................................................................. 69 Create a Preference for Local Businesses in Publicly-Owned Buildings, and Vacant and Under-Utilized Buildings .......................................................................................................... 69 Provide Affordable Commercial Space through Mission-Driven Entities ............................... 70 Commercial Tenant Protections ...............................................................................................
Recommended publications
  • 3080 Yonge Street Office Where You
    Brendan J. Sullivan* Myah Ollek Vice President Sales Representative +1 416 847 3262 +1 416 815 2353 [email protected] [email protected] *Sales Representative L VE 3080 YONGE STREET OFFICE WHERE YOU CBRE Limited, Real Estate Brokerage 145 King Street West Suite 1100 Toronto, ON M5H 1J8 T +1 416 362 2244 F +1 416 362 8085 www.cbre.ca W RK OFFICE ABOUT THE BUILDING & AREA EXCELLENT LIGHT EXPOSURE WITH A LARGE OPEN AIR COURTYARD IN THE CENTRE OF THE BUILDING ROOF GARDEN/PATIO AND PRIVATE PATIOS OFF OF TENANT SPACES OFFICE CEILING HEIGHT IS 11’2” OFFICE FLOORS HAVE BEEN UPGRADED WITH NEW LIGHTING AND CEILING GRIDS 401 BUILDING LOBBIES AND WASHROOMS HAVE BEEN RECENTLY RENOVATED BUILDING CORRIDOR AND ELEVATOR LOBBY FINISHES RANEE AVENUE HAVE BEEN UPGRADED A L L E N R LAWRENCE AVENUE WEST O A BAYVIEW AVENUE D BLYTHWOOD ROAD MT. PLEASANT ROAD D YONGE STREET U GLENCAIRN AVENUE P L E X AVENUE ROAD A PARKING GARAGE & MAIN BUILDING V MARLEE AVENUE BATHURST STREET E DUFFERIN STREET N U E PARKING GARAGE A L L E N EASILY ACCESSIBLE FROM YONGE STREET R O A D BELOW GRADE WITH DIRECT ACCESS TO THE OFFICE LEVELS AND DIRECT CHAPLIN CRESCENT EGLINTON AVENUE WEST ELEVATOR CONNECTIONS INTO THE LARGER RETAIL SPACES DAVISVILLE ROAD CASTLEFIELD ROAD UPGRADE WITH NEW LED LIGHTING AND NEW FINISHES OAKWOOD AVENUE O R I O L E MAIN BUILDING P A R K W A Y FREIGHT ELEVATOR TO SERVE THE RETAIL SPACES AND ALL OF THE OFFICE FLOORS, WITH DIRECT ACCESS FROM THE LOADING DOCK DEDICATED FREIGHT ELEVATOR FOR THE LARGE YONGE STREET ROGERS ROAD ST.
    [Show full text]
  • 7080 Yonge Street in the City of Vaughan – Official Plan and Zoning By-Law Amendment Applications – Request for Direction Report
    REPORT FOR ACTION 7080 Yonge Street in the City of Vaughan – Official Plan and Zoning By-law Amendment Applications – Request for Direction Report Date: February 5, 2021 To: Planning and Housing Committee From: Chief Planner and Executive Director, City Planning Wards: All SUMMARY This report responds to applications filed in the City of Vaughan to amend the City of Vaughan Official Plan and the City of Vaughan Zoning By-law which have been circulated to the City of Toronto in accordance with the requirements of the Planning Act given the proximity to the City of Toronto. The report identifies the concerns of City Planning staff and makes recommendations on future steps to protect the City's interests concerning the applications. The applications are on the west side of Yonge Street, north of Steeles Avenue West. The applications propose two mixed-use buildings with a total of 652 residential units. The towers would be forty and twenty storeys in height and overall the proposal has a Floor Space Index ("FSI") of 9.84. The Deputy City Manager, Infrastructure Development for the City of Vaughan has written a report to the City of Vaughan's Committee of the Whole regarding each application outlining some preliminary concerns with the applications including the proposed heights and densities. RECOMMENDATIONS The Chief Planner and Executive Director, City Planning, recommends that: 1. City Council endorse the January 18, 2021 letter from the Director, Community Planning, North York District (Attachment 3) to the City of Vaughan's Committee of the Whole which identify the concerns with the application at 7080 Yonge Street, including height and density.
    [Show full text]
  • The Simcoe Legacy: the Life and Times of Yonge Street
    The Simcoe Legacy: The Life and Times of Yonge Street The Ontario Historical Society The Simcoe Legacy: The Life and Times of Yonge Street A collection of the papers from the seminar which explored the legacy of John Graves Simcoe, Upper Canada's first Lieutenant Governor, and his search for a route to Canada's interior that led to the building of the longest street in the world. The Ontario Historical Society 1996 © The Ontario Historical Society 1996 Acl~nowledgement_s The Simcoe Legacy: The Life and Times of Yonge Street is a publication of The Ontario Historical Society in celebration of the 200th anniversary of Yonge Street. The Ontario Historical Society gratefully acknowledges the support of the John Graves Simcoe Association, which amalgamated with the Society in 1992, and the Ministry of Citizenship, Culture and Recreation. Editing: Wyn Millar Typesetting and Production: Meribeth Clow The Ontario Historical Society 34 Parkview A venue Willowdale, Ontario M2N3Y2 ( 416) 226-9011 Fax (416) 226-2740 © 1996 ISBN# 0-919352-25-1 © The Ontario Historical Society 1996 Table of Contents Foreword Wyn Millar.......................................................................................................................................... 1 Introduction Linda Kelly .......................................................................................................................................... 2 The Mississauga and the Building of Yonge Street, 1794-1796 Donald B. Smith.................................................................................................................................
    [Show full text]
  • Municipal Class Environmental Assessment On
    Attachment 4 IE19.11 Part 2 Gerrard Street to Edward Street Gerrard Street to Walton Street — Recommended Design Concept from One-Way Driving Access Northbound Elm Street to Gould Street Walton Street to Elm Street — Pedestrian Priority Elm Street to Edward Street — Elm Street One-Way Driving Access Southbound Gerrard Street West Gerrard Street East Future Future Development Development Walton Street O’Keefe Lane O’Keefe Gould Street Ryerson Student Centre Typical cross section between Gerrard Elm Street Street and Edward Street P Gould Street Ryerson Pedestrian Zone Future Development Edward Street P N Legend: Street furniture/Greenery Pedestrian / Cycle only Curbside Activity Direction of travel Loading bay No right turn P Parking garage No left turn P Parking garage (private) No straight through Pedestrian zone Traffc signals Gate Cycle Track Pedestrian only No Entry Sharrow 19 Gerrard Street to Edward Street Gerrard Street to Walton Street One-Way Driving Access — Northbound local access has been added to the recommendation for this block during the day to provide more support for deliveries and ride hailing on Walton Street and Yonge Street. The volume and speed of vehicles using this block would be very low to support a pedestrian friendly atmosphere. The character of this section would be similar to the pedestrian priority zones. The southbound lane won’t have any Mariahilfer Strasse, Vienna cars or trucks during the day and can be used for cycling. Wide sidewalks and furnishing zones to support cafés, planting, and seating remain. Artist rendering of Yonge Street between Walton Street and Elm Street looking north.
    [Show full text]
  • Chapter 11: Property and Conveyancing Cornelius J
    Annual Survey of Massachusetts Law Volume 1957 Article 15 1-1-1957 Chapter 11: Property and Conveyancing Cornelius J. Moynihan Follow this and additional works at: http://lawdigitalcommons.bc.edu/asml Part of the Property Law and Real Estate Commons Recommended Citation Moynihan, Cornelius J. (1957) "Chapter 11: Property and Conveyancing," Annual Survey of Massachusetts aL w: Vol. 1957, Article 15. Moynihan: Chapter 11: Property and Conveyancing PART II Private Law CHAPTER 11 Property and Conveyancing CORNELIUS J. MOYNIHAN A. REAL PROPERTY §ll.l. Landlord and tenant. The exercise of an option to renew a lease appears to be a relatively simple matter to the ordinary business­ man but, as lawyers well know, a carelessly drafted notice of renewal can be the prelude to costly litigation. The case of Ames v. B. C. Ames CO.l affords a good example. On April 1, 1946 the defendant leased certain business premises to the plaintiff for a term of ten years with the option to renew for a further term of ten years provided that written notice was given to the lessor at least six months prior to the expiration of the term, the renewal rental to be agreed upon by the parties or determined by arbitration but in no event to be less than $4800 a year. The lease contained the standard clause prohibiting assignment or subletting by the lessee without the written consent of the lessor, but concurrently with the execution of the lease the lessor agreed in writing to assent to an assignment to a corporation "owned and operated by" the lessee.
    [Show full text]
  • 378 Yonge Street Area Details
    LANDMARK CORNER OPPORTUNITY FLAGSHIP RETAIL LOCATION YONGE STREET & GERRARD STREET CORY ROSEN Goudy Real Estate Corp. VICE PRESIDENT, SALE REPRESENTATIVE Real Estate Brokerage Goudy Real Estate Corp. Real Estate Brokerage Commercial Real Estate (416) 523-7749 Sales & Leasing [email protected] 505 Hood Rd., Unit 20, Markham, ON L3R 5V6 | (905) 477-3000 The information contained herein has been provided to Goudy Real Estate Corp. by others. We do not warrant its accuracy. You are advised to independently verify the information prior to submitting an Offer and to provide for sufficient due diligence in an offer. The information contained herein may change from time to time without notice. The property may be withdrawn from the market at any time without notice. TORONTO EATON CENTRE YONGE & DUNDAS 1 YONGE STREETS RETAIL THE AURA RYERSON UNIVERSITY 378 YONGE ST. RYERSON UNIVERSITY 378 YONGE STREET AREA DETAILS Flagship retail opportunity at the corner of Yonge & Gerrard Street in the heart of Toronto. Proximity to Toronto Eaton Centre, Yonge Ryerson University is home to over 54,000 students in its various & Dundas Square, Ryerson University, and much more. 378 Yonge undergraduate, graduate and continuing education courses along Street is the point where the old Toronto meets the new Toronto - a with 3,300 faculty & staff. Ryerson University is not only expanding building designed by renowned architect John M. Lyle. but is also home to Canada’s largest undergraduate business school, the Ted Rogers School of Management. YONGE & DUNDAS THE AURA Yonge & Dundas Square and 10 Dundas is one of Toronto’s main attractions boasting open air events, a 24 multiplex theatre, 25 The Aura Condominium is Toronto’s tallest residential building, eateries, and many shops.
    [Show full text]
  • Transfer of Ownership Guidelines
    Transfer of Ownership Guidelines PREPARED BY THE MICHIGAN STATE TAX COMMISSION Issued October 30, 2017 TABLE OF CONTENTS Background Information 3 Transfer of Ownership Definitions 4 Deeds and Land Contracts 4 Trusts 5 Distributions Under Wills or By Courts 8 Leases 10 Ownership Changes of Legal Entities (Corporations, Partnerships, Limited Liability Companies, etc.) 11 Tenancies in Common 12 Cooperative Housing Corporations 13 Transfer of Ownership Exemptions 13 Spouses 14 Children and Other Relatives 15 Tenancies by the Entireties 18 Life Leases/Life Estates 19 Foreclosures and Forfeitures 23 Redemptions of Tax-Reverted Properties 24 Trusts 25 Court Orders 26 Joint Tenancies 27 Security Interests 33 Affiliated Groups 34 Normal Public Trades 35 Commonly Controlled Entities 35 Tax-Free Reorganizations 37 Qualified Agricultural Properties 38 Conservation Easements 41 Boy Scout, Girl Scout, Camp Fire Girls 4-H Clubs or Foundations, YMCA and YWCA 42 Property Transfer Affidavits 42 Partial Uncapping Situations 45 Delayed Uncappings 46 Background Information Why is a transfer of ownership significant with regard to property taxes? In accordance with the Michigan Constitution as amended by Michigan statutes, a transfer of ownership causes the taxable value of the transferred property to be uncapped in the calendar year following the year of the transfer of ownership. What is meant by “taxable value”? Taxable value is the value used to calculate the property taxes for a property. In general, the taxable value multiplied by the appropriate millage rate yields the property taxes for a property. What is meant by “taxable value uncapping”? Except for additions and losses to a property, annual increases in the property’s taxable value are limited to 1.05 or the inflation rate, whichever is less.
    [Show full text]
  • STREET Yonge and St. Clair
    YONGE Yonge and St. Clair 1417-1431STREET TORONTO, ONTARIO LAST TWO REMANING UNITS YOUR SIGN HERE 1431 Yonge St (Former Carl’s JR) 1417 Yonge Street 1421 Yonge Street 1423 Yonge Street X Prime location on busy and vibrant Yonge Street just south of St. Clair X Steps from Yonge & St. Clair subway and streetcar X Ideal for restaurant and other retail use such as fashion, grocery, gym, specialty store, salon/spa, health and wellness, etc. X Excellent signage and branding opportunities and exposure to a high volume of pedestrian and vehicular traffic X Tenants in the immediate area include RBC, CIBC, TD, BMO, Scotiabank, Sobey’s, Pizzaiolo, Goodlife Fitness, Town Shoes, Roots, Fiorio, Shoppers Drug Mart, Aroma, Hero Burger FORMichi MORE G. INFORMATION Jameson* PLEASE CONTACT Brock Meddick VICE PRESIDENT SALES REPRESENTATIVE 416 815 2350 416 815 2305 [email protected] [email protected] CBRE Limited, Real Estate Brokearage| 145 King Street West | Suite 600 | Toronto, Ontario | M5H 1J8 | www.cbre.ca *Sales Representative This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information.
    [Show full text]
  • Law and Economics of Leases
    Preliminary draft; do not cite without permission THE ECONOMICS AND LAW OF LEASING Thomas W. Merrill* This paper is about a widespread and highly successful economic institution that has been largely ignored in both economic and legal literature: leasing. A lease is a transfer of an asset for a limited time in return for periodic payments called rent. Leases are used to acquire a very wide variety of assets. Resources that are commonly leased include agricultural land, mineral and timber rights, commercial office buildings, shopping centers, industrial and commercial equipment such as ships, aircraft, machinery and computers, residences including both freestanding houses and apartments, autos and other motor vehicles, and furniture, among other things. Other than ownership, leases are probably the most common legal form of holding assets throughout the world. Although comprehensive data about leasing are not available, a brief glance at such data as exist confirms the very high frequency with which leasing is used, both in the U.S. and in other developed economies. A large percentage of households lease the dwelling in which they live, and the percentage leasing rather than owning has increased since the recession of 2007- 08. In the first quarter of 2017, the United States Census Bureau reported that 32 percent of housing units were occupied by persons who lease, as opposed to own or live in units with others. In Europe, the percentages are generally similar, although in Germany and Switzerland roughly half the population live in leased dwellings. Leases of personal property are also surprisingly pervasive. By one estimate, leases account for more than twenty-five percent of all new capital equipment in the U.S., and approximately 80 percent of all U.S.
    [Show full text]
  • The Economics of Leasing
    Columbia Law School Scholarship Archive Faculty Scholarship Faculty Publications 2020 The Economics of Leasing Thomas W. Merrill Columbia Law School, [email protected] Follow this and additional works at: https://scholarship.law.columbia.edu/faculty_scholarship Part of the Common Law Commons, Contracts Commons, and the State and Local Government Law Commons Recommended Citation Thomas W. Merrill, The Economics of Leasing, JOURNAL OF LEGAL ANALYSIS, VOL. 12, P. 221, 2020; COLUMBIA UNIVERSITY SCHOOL OF LAW, THE CENTER FOR LAW & ECONOMIC STUDIES WORKING PAPER NO. 628 (2020). Available at: https://scholarship.law.columbia.edu/faculty_scholarship/2709 This Working Paper is brought to you for free and open access by the Faculty Publications at Scholarship Archive. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Scholarship Archive. For more information, please contact [email protected]. The Center for Law and Economic Studies Columbia University School of Law 435 West 116th Street New York, NY 10027-7201 (212) 854-3739 The Economics of Leasing Prof. Thomas Merrill Working Paper No. 628 Sept 15, 2020 Do not quote or cite without author’s permission. An index to the working papers in the Columbia Law School Working Paper Series is located at https://law-economic-studies.law.columbia.edu/content/working-papers Electronic copy available at: https://ssrn.com/abstract=3701199 THE ECONOMICS OF LEASING Thomas W. Merrill* 2020 September 15 on guest by https://academic.oup.com/jla/article/doi/10.1093/jla/laaa003/5904227 from Downloaded ABSTRACT Leasing may be the most important legal institution that has received virtually no sys- tematic scholarly attention.
    [Show full text]
  • IFRS 16 Implications for Lessors in the Real Estate Industry: Pwc in Depth
    www.pwc.co.uk In depth IFRS 16 implications for lessors in the real estate industry Release Date July 2018 No. 2018-11 In depth Contents IFRS 16 implications for lessors in the Real Estate industry 1 Changes for lessors? 1 Lease payments 2 Separating or combining components of a contract 4 1. Interaction with IFRS 15 4 2. Determine overall consideration 5 3. Allocation of consideration 5 Subleases 7 Practical impact 7 Sale and leaseback transactions 8 Determining whether the transfer is a sale 8 Transfer of the asset is a sale 8 Transfer of the asset is not a sale 9 Lease modifications 10 Final thoughts 11 IFRS 16 implications for lessors in the real estate industry PwC Contents In depth Separating or combining Sale and leaseback Lease payments Subleases Lease modifications components of a contract transactions IFRS 16 implications for lessors in the Real Estate industry IFRS 16, ‘Leases’, will be effective for annual reporting periods beginning on or after 1 January 2019. Guidance for lessors remains substantially unchanged from IAS 17. Lessors are still required to classify leases as either finance or operating, and the indicators used to make that distinction are again unchanged from IAS 17. For a finance lease, the lessor recognises a receivable at an amount equal to the net investment in the lease; this is the present value of the aggregate of lease payments receivable by the lessor and any unguaranteed residual value. For an operating lease, the lessor continues to recognise the underlying asset on its balance sheet. Changes for lessors? Although the broad mechanics of lessor accounting remain unchanged, a number of topics do affect both lessees and lessors.
    [Show full text]
  • Prime Corner in Yonge & Eglinton's Best Retail Node
    2559 YONGE STREET PRIME CORNER IN YONGE & EGLINTON’S BEST RETAIL NODE CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100 | Toronto, ON M5H 1J8 | 416 362 2244 | www.cbre.ca PROPERTY OVERVIEW GROUND 3,313 sq. ft. NET RENT $300,000 per annum + HST SECOND 3,093 sq. ft. TMI $15.00 per sq. ft. (2020) LOWER AVAILABLE Immediately LEVEL 3,287 sq. ft. TOTAL 9,693 sq. ft. COMMENTS » Corner location at the heart of Yonge & Eglinton neighbourhood » Perfect for a variety of uses including restaurants, fitness, offices etc. » Directly next door to a Green P public parking lot » Located within a few minutes walk to Eglinton subway station, the 5th busiest station in the city » This station services the Yonge-University subway line, 10 bus routes and in the near future the new Eglinton Crosstown line » Located next to iconic retailer co-tenants such as Lululemon, Sporting Life, Kiehls, Club Monaco, Roots, Saje and great F&B offerings such as Cibo, Greenhouse Juice, Starbucks, Uncle Betty’s, Terroni and Cumbraes Stock concept Client: CBRE FLOORPLANS CBRE Version: Prepared: 12/02/2020 STAIRCASE FP1A Measured: 08/02/2020 UNDER CONSTRUCTION SECOND 2559 Yonge Street Toronto, Ontario Canada Floor 02 OPEN TO BELOW Exterior Gross Area* 3,093 sq ft *Area determined according to: ANSI/BOMA Z65.3-2009 DN CLEAR HEIGHT=10'-9" This work product has been prepared by Extreme MeasuresClient: CBREInc. pursuant to a contract with the Client for the sole benefit of and use by the Client. No third Client: CBRE party may rely on this work product without the receipt of a reliance letter from Extreme Measures Inc.
    [Show full text]