[CBC] Long-time Roncesvalles pizzeria “Lambretta Pizzeria” closing after 8 years, citing 30% rent increase, up from current $12k/mo – will close at end of Jan 2023
[CBC] Long-time Roncesvalles pizzeria “Lambretta Pizzeria” closing after 8 years, citing 30% rent increase, up from current $12k/mo – will close at end of Jan 2023
by theleverage
6 Comments
theleverage
Have never been or heard of it but thought I’d share – wild to think of a 30% increase on $12k/mo.
Funny that I think back to my last visit to Roncy, I went to Gold Standard – which is quite literally just a walk up window with (I assume) minimal real estate costs, and Sunnyside Provisions which has a larger retail space, but has also pivoted to do a ton of concepts in one spot (ready made meals, curated wine/beer, made-in-house lunch/pastries, and gift shop/grocery).
I guess businesses really do need to pivot and adapt to multiple models to make this work. 🙁
shadowfax416
Visit any town in Europe and you will notice that they are full of independent businesses, you name it – everything a person could want, steps from your home. Hardly any money marts, Popeyes, rexalls and fresh cos and other boring corporate stores. Queen street used to be vintage heaven! We used to have so many book and record shops, speciality shops. I used to have friends visit the city and we’d spend an entire day on one street going door to door, shopping. Now we Uber to the one restaurant we are going, spend $250, get asked to leave after the 90mins limit and Uber straight back home. There’s nothing to do in this town! The streets are BORING.
[deleted]
Did commercial property taxes increase 30%?
yosick
This is really discouraging. Blanchard is right, the only people who can afford these insane increases are big corporations. I’m not ready to see Roncy turn into this…
Ttthhhccc
I said this in the r/toronto thread and I’ll say it here again.
There are 8 or more other pizza places within a km. This place has the worst location for foot traffic and largest square footage. I’m surprised it lasted this long.
The other pizza places are **busy** on regular nights.
This place also closed during covid, went to the media and then opened again. Here they are again in the media.
The other pizza places are surviving. Juniors opened in the same time is fantastic.
groundphoenixhogday
rents are ridiculous
i remember working at the cupid chain and the boss wanted a store on queen w central and they wanted $15,000 per month rent. I said dude I will never manage that store thinking I could pull down that kind of cash selling vibrators and lube. insane rents, how can a business make money?
6 Comments
Have never been or heard of it but thought I’d share – wild to think of a 30% increase on $12k/mo.
Funny that I think back to my last visit to Roncy, I went to Gold Standard – which is quite literally just a walk up window with (I assume) minimal real estate costs, and Sunnyside Provisions which has a larger retail space, but has also pivoted to do a ton of concepts in one spot (ready made meals, curated wine/beer, made-in-house lunch/pastries, and gift shop/grocery).
I guess businesses really do need to pivot and adapt to multiple models to make this work. 🙁
Visit any town in Europe and you will notice that they are full of independent businesses, you name it – everything a person could want, steps from your home. Hardly any money marts, Popeyes, rexalls and fresh cos and other boring corporate stores. Queen street used to be vintage heaven! We used to have so many book and record shops, speciality shops. I used to have friends visit the city and we’d spend an entire day on one street going door to door, shopping. Now we Uber to the one restaurant we are going, spend $250, get asked to leave after the 90mins limit and Uber straight back home. There’s nothing to do in this town! The streets are BORING.
Did commercial property taxes increase 30%?
This is really discouraging. Blanchard is right, the only people who can afford these insane increases are big corporations. I’m not ready to see Roncy turn into this…
I said this in the r/toronto thread and I’ll say it here again.
There are 8 or more other pizza places within a km. This place has the worst location for foot traffic and largest square footage. I’m surprised it lasted this long.
The other pizza places are **busy** on regular nights.
This place also closed during covid, went to the media and then opened again. Here they are again in the media.
The other pizza places are surviving. Juniors opened in the same time is fantastic.
rents are ridiculous
i remember working at the cupid chain and the boss wanted a store on queen w central and they wanted $15,000 per month rent. I said dude I will never manage that store thinking I could pull down that kind of cash selling vibrators and lube. insane rents, how can a business make money?