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RioCan to redevelop lands near Kensington Market
But developer promises not to rent space to Walmart
With Walmart out of the picture, plans by big box developer RioCan to redevelop land near Kensington Market sailed through the Toronto and East York Community Council Tuesday afternoon.
The community council unanimously approved a new application by RioCan, an approval that was aided by a pledge by RioCan not to rent space to Walmart on the new site, and a new development proposal that would make doing so next to impossible in any event.
Originally, RioCan had proposed a single-tenant retail space of 8,800-square-metres at 410-466 Bathurst St., which would have placed a downtown Walmart just to the west of Kensington Market. But the proposal raised an outcry in the form of a 91,000-name-strong petition demanding that not take place.
The new proposal includes retail, but half the building will be comprised of office space.
Trinity-Spadina Councillor Mike Layton said issues remain regarding the development, but the compromise is worth making.
http://www.insidetoronto.com/news-story/4384418-riocan-to-redevelop-lands-near-kensington-market/
But developer promises not to rent space to Walmart
With Walmart out of the picture, plans by big box developer RioCan to redevelop land near Kensington Market sailed through the Toronto and East York Community Council Tuesday afternoon.
The community council unanimously approved a new application by RioCan, an approval that was aided by a pledge by RioCan not to rent space to Walmart on the new site, and a new development proposal that would make doing so next to impossible in any event.
Originally, RioCan had proposed a single-tenant retail space of 8,800-square-metres at 410-466 Bathurst St., which would have placed a downtown Walmart just to the west of Kensington Market. But the proposal raised an outcry in the form of a 91,000-name-strong petition demanding that not take place.
The new proposal includes retail, but half the building will be comprised of office space.
Trinity-Spadina Councillor Mike Layton said issues remain regarding the development, but the compromise is worth making.
http://www.insidetoronto.com/news-story/4384418-riocan-to-redevelop-lands-near-kensington-market/