Quote:
Originally Posted by YOWetal
I think Beechwood was always a bit marginal and now it will be very marginal. Now probably something like East Market where there was very limited use for ground level retail. We see fairly low rent businesses that come and go. Basically builders needs to budget a lower return on this part of the building. Low rent will keep some of this retail competitive. The landlords can hope for deep pocketed Stabucks LCBO etc but only so many of those to go around.
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I'm not sure I see the Claridge development as rendering Beechwood more "marginal". New businesses have come in in recent years and the St Charles development right across the street will include retail. The area may never really recover from the fire a number of years back, but it has improved in the last few years, imo.