There is a Starbucks coming soon to the transitioning neighbourhood on Danforth between Coxwell and Greenwood! This is BIG news for investors, residents, buyers and sellers.
As we are all aware, Starbucks does a lot of homework and research on where they will open up their stores. This section of the Danforth has been known in the past as “no man’s land” and over the last several years has been going through positive changes especially with businesses. Real estate values have been slower than other prime locations near by, but over the last few years new and existing property owners have really stepped up and have been renovating their homes and cleaning up. Pride of ownership is starting to show and the area in general is reflecting these changes. These are definitely some of the trends that Starbucks can see on this section of the Danforth.
We all know what happened at Queen Street East and Logan Ave when Starbucks opened 7 or 8 years ago. We all see what’s happening at Gerrard and Jones as well as Main Street and Kingston Rd. Starbucks is NOT the reason why this growth is happening, but I believe it definitely has an influence. Maybe it is a good company to follow seeing how successful they have been when opening new stores.
Watch my other video blogs that have introduced Starbucks in other locations:
Starbucks at Gerrard and Jones – Episode #3
Starbucks at Kingston Rd and Main St – Episode #64
Starbucks at O’Connor Dr and Coxwell – Episode #112