Out of The Box Idea Becomes a Reality This Summer
Two young Torontonians have joined forces with the province to create a unique marketplace, to be called Stackt, opening this summer at Bathurst and Front Streets. Tyler Keenan and Matt Rubinoff are building a modular space of shipping containers on a 100,000 sq ft vacant lot that was a slaughterhouse until 2014. The space will be used for community gatherings, programming, retail, and cultural activities. The land is leased on a temporary basis for 2 ½ years. The ever-changing Stackt will then either close or move as the area will turn into a city park.
Stackt will offer flexible lease lengths to companies, as well as adjustable spaces. Some “anchor” tenants have already signed up for the 2 ½ year course, while the remaining spaces will constantly change and evolve with various pop-up stores and brands. Lease prices will be comparable to the rest of the city. “We’re providing something a little bit different from the traditional model,” Keenan said. “Brands want shorter opportunities,” Keenan noted that 15% of the space will be allocated to retail and the rest to cultural and programming activities.
Signed up tenants include a brewery, some artists, non-profits, and fitness providers. While the concept of containers has been used before, it’s never been done at this scale.
It’s a win-win situation for everyone. The neighborhood is excited about having the temporary marketplace, and look forward to having a park in the densely populated area. The two entrepreneurs see the temporary space as a testing ground for their brand and themselves, a place for them to learn and discover. The project hopes to attract innovative companies to the area. If Stackt is successful, the owners will expand to other sites.
What do you think of the concept of Stackt?
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