Advertisement

Despite celebrity cameos, Toronto coffee shop forced to close due to increasing rent

Click to play video: 'Famous Toronto coffee shop closing'
Famous Toronto coffee shop closing
WATCH ABOVE: Grinder Coffee is blaming a rent increase on their decision to close. The shop has been visited by Tom Hanks and Ryan Gosling after social media campaigns. Tom Hayes reports – Oct 8, 2019

Joelle Murry says her Toronto business has been growing but not enough to keep the doors open at Grinder Coffee.

“I’m sad, I’m not going to deny it. It’s not a good feeling,” Murray told Global News on Tuesday.

Murray’s shop has become famous thanks to special visits during the last two Toronto International Film Festivals.

Grinder attracted drop-ins from Tom Hanks and Ryan Gosling in back-to-back years after successful social media campaigns.

But the Hollywood hype didn’t translate into enough revenue to stay in business after Murray said her landlord tripled the lease from $2,000 a month to over $6,000.

Story continues below advertisement

“We hear in the news all the time about the increase in rents for residential and it’s the same for commercial space,” said Murray.

Other shops in the Gerrard Street and Jones Avenue area where Grinder is located are also concerned about growing rent prices.

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

The Poison I.V. Tattoo Parlour has been in business for two years and the owner told Global News he couldn’t survive a 300 per cent rent increase.

“No, to be honest, no. And that’s what’s unfair. You know people are just trying to make it,” said owner Alessandro Von Richter.

There are no rent controls on commercial properties in Toronto.

Story continues below advertisement

Coun. Paula Fletcher said she believes there should be restrictions but said that initiative has to come from the provincial government.

“Unfortunately there is nothing to say except, [Premier] Doug, let’s have some rent controls for commercial properties.“

Grinder coffee will close Oct. 27.

Murray said she is looking for another location but so far doesn’t know if she’ll ever open again.

Click to play video: 'Ryan Gosling visits Toronto’s Grinder Coffee after social media campaign'
Ryan Gosling visits Toronto’s Grinder Coffee after social media campaign

Sponsored content

AdChoices