Rising rents on Queen East push out Red Rocket Coffee, which is moving to the Danforth instead
Leslieville’s Red Rocket Coffee has been forced to close up shop after its landlord doubled the rent to $49 per square foot. Co-owner Liako Dertilis says the response from his regulars has been immediate. “The TTC guys across the street are livid,” he told us, referring to the workers at the nearby streetcar yard. The news, however, isn’t all bad. Along with his business partners, Dertilis signed a lease late this afternoon for a new location at 1364 Danforth Avenue, near Coxwell. Although Red Rocket’s new home will be a similar size, Dertilis says it won’t be the same. “We have to leave our extended family—that is, our customers,” he said. “These are the people who come into the store, and we hug them… We feel like we’ve been robbed of that.” The Wellesley Street location is unaffected.