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I hope so. It's been four different venues already since Hundred left, aside from being mostly vacant.
Interesting to hear its another steak space given the recent announcement of Vons moving downtown too. Does this mean we are getting two new steak restaurants downtown this summer or was the previously reported move of Vons to the State and Main space actually here in the McLeod space?
I hadn't heard Von's was coming downtown and can't find any mention of it on various socials and blogs. Where does that news come from? Just curious.
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| Peter J. Thompson/National Post |
| While life has come back to Canadian cities — people are travelling, eating out, gathering for conferences — following the COVID-19 pandemic, the Financial Post's Joe O'Connor reports that work-from-home has stubbornly, and perhaps permanently, transformed our cities. People may be going out to sporting events and concerts, but there are far fewer workers downtown, which means there's a lot less money being spent. Researchers used cellphone tracking data to illustrate how much activity is happening in cities and comparing that to pre-pandemic levels. As it turns out, Canadian cities are languishing. Some cities have seen even more active downtowns, such as Salt Lake City, Utah — it has 139 per cent the activity it did pre-pandemic. But major Canadian cities are still at about 50 per cent. Vacancy rates also illustrate this. Vancouver's downtown office vacancy rate is 10.4 per cent, Ottawa's is 13.2 per cent. And Toronto has the highest vacancy rate it has seen since 1995 — 15.3 per cent. “Today, if you walk down King Street on a Tuesday afternoon, you could fire a cannon and nobody would notice,” said Erik Joyal, president of the Ascari Hospitality Group. “The day traffic is not there at all.” |
