Sterling Road Landlord Offers Extended Rent Relief to Artist Tenants in Toronto
July 29, 2020
Toronto developer Castlepoint Numa is providing rent relief for a group of artists in its unique Auto BLDG to help the tenants survive and get through the COVID-19 pandemic.
The rent relief, which takes effect immediately, is increasing and extending support measures for Akin, Canada’s largest artist-run provider of shared studio space, to maintain the artist studio program for three years with rent-controlled relief. This commitment will allow over 20 artists per year to continue to work and flourish at the Auto BLDG, located at 158 Sterling Road.
In addition, Akin will launch a new series of free and pay-what-you-can community programs which will include open studio events, artist talks, family workshops, plus more when gathering restrictions are lifted.
“When the Auto BLDG at 158 Sterling Road opened its doors in 2018, Castlepoint Numa made a commitment to foster and support the creative community and during the COVID-19 crisis we are upping that commitment. Now more than ever, practising artists need support and places to create,” said Harley Valentine, Vice-President of Castlepoint Numa. “Akin is at the heart of the emerging artist community and we support their vision.”
Measures include a 75 percent reduction in monthly rent for the next three years from September 1 on and for rent that has already been paid during the period of March 1 to September 1, a credit has been applied to future months.