Toronto's newest high-rise development would be the first to ban chain stores
A new Toronto development won't have any multinational fast-food joints, Starbucks or brand-name clothing stores.
The development plans include 219 condo units and a non-residential area of approximately 893 square metres — which won't, according to the city, have any chain stores.
An important 1st - today the City of Toronto banned chain stores in a new development applicant at 315 Spadina. Motion also required smaller retail units, commertial rent freeze and 1st right of refusal for displaced retail tenants.— Mike Layton (@m_layton) May 5, 2021
The project, which spans two main buildings at 315-325 Spadina Avenue, will displace more than 10 long-time Chinatown businesses.
The developer, Podium Developments, accepted a number of conditions from the city, said Councillor Mike Layton in a series of tweets this week.
Developer agree to all these conditions along with new affordbale housing on site. These changes are intended to push back against gentrification in Chinatown, while supporting small business. many thanks to community activists and city planning for their support.— Mike Layton (@m_layton) May 5, 2021
The motion also required smaller retail units, a commercial rent freeze and first right of refusal for displaced retail tenants.
"These changes are intended to push back against gentrification in Chinatown, while supporting small business," Layton wrote.
He added that they weren't able to achieve everything they wanted, such as more affordable housing.
"But we have established some new principles that I hope other developers will agree to as we try to develop new planning tools to support these efforts," Layton wrote.
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