Good Neighbor Pharmacy, a pharmacy in a condo tower, could soon be replaced with a grocery store
Good Neighbor pharmacy will soon be replacing a pharmacy next door in a luxury condo tower in Toronto’s downtown core, with the help of $2.2 million in city money.
The new pharmacy, in a two-storey tower at 23-24 Wellington St., is on the corner of Wellington and Lawrence Ave.
The building is owned by the city’s department of economic development, which will now take over the lease.
“I think it’s a very positive development,” said city councillor Adam Vaughan.
The city is funding the purchase of the building from the city, which bought it in 2013 for $1.9 million.
The building is the site of an old liquor store, which was demolished in 2012 and replaced with the store, said city spokesperson Kate Boudreau.
The $2 million will go towards renovations to the building.
The city has offered to lease the property, and the owner said he has not committed to any terms.
“The landlord has said, ‘Look, I’ve been in the business for 10 years and I’ve never seen anything like this,'” Vaughan said.
Vaughan said he hopes to see the city use the proceeds from the sale of the property to fund improvements to the city building.
He said the city wants to help businesses in the area as much as possible, especially in the Downtown Eastside.
“We want to make sure that we’re providing the services that the community needs to keep growing,” he said.
The deal is expected to close in the coming months.
Vieux said the project will also help the surrounding neighbourhood.
“There’s a lot of vacant storefronts, there’s lots of empty storefronts,” he told reporters.
“And the community wants to see that the vacant storefront is replaced with retail space.”