Quote:
Originally Posted by onetimetoomany
A dental office to me isn't vibrant retail and if this would just end up with a dental office, pot shop, bank, etc, why bother?
Also there's a spot adjacent to this lot that's been advertised for lease for a minute now; it looks to be in better shape than 40-year-untouched properties... so not really sure that point stands.
Anyway, I live nearby and the retail scene is very behind and as you mentioned the lack of customers with disposable income to shop is a major factor. The nearby plaza has anchors such as NoFrills and Dollarama (and has vacancies btw).
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I never suggested this needed to be vibrant. People need essential commercial and shouldn't have to drive to a dentist office downtown. I suspect if there were 3 or 4 commercial units you'd likely see a cafe or restaurant or something with 1 Jarvis and KiWi going up around the corner. KW is seeing this type of development with essentials mixed in with vibrancy. The next development next door won't be able to encourage a cafe or something if the essentials aren't met, because a doctor's office will offer more rent.
Also having a "For Lease" sign doesn't mean they are actively looking for tenants. The sign could be there to claim a loss on the property, or an old remnant. Look at the Vrancor buildings on George, they've been for lease for years now. Nothing. I asked my realtor friend and he said they have the signs but they don't actually want tenants.