I don't know, I find that the forementioned stretch has really gone downhill over the past few years. I think the time is ripe for the existing vendors (or new ones) to up their game a bit more (there are examples of that happening, but far to few of them). Something like a proper T&T might be catalytic to the area, actually. Also, while it is important to have older Chinese people as part of the mix (and the social support the area can offer), from the perspective of businesses they are not necessarily the high value customers that they'd want to capture and I would certainly not want to count on them to sustain the business.
AoD
I agree they should up their game and I think they are.
As an ethnic Chinese, the general quality of restaurants in China is rather disappointing. What's worse, the food has little variety - probably 90% of the restaurants serves essentially the same kind of food - the old highly westernized Cantonese style with minimally different menus. This is odd because Chinese food has great diversity.
Lee Garden for example is always praised by western customers but I have never heard any Chinese who recommend Lee Garden to anyone. It is more for the tourists. Asian Legend is rather bland and weird (not sure what kind of Chinese food that is). Rol San is always busy but come on, if a Dim Sum restaurant looks as crappy as that in Shanghai or Guangzhou, nobody will go there (or only students or poor people will ever go).
But it is slowly changing. During the past couple of years, a few newer restaurants offering food that is not highly westernized Cantonese style open (yes, between Beverly and Spadina on Dundas), and now there are actually a couple of them where I can go regularly without being disgusted afterwards. But it is still seriously lacking in varieties, for example, I don't see a single Shanghainese restaurants (or something similar).
Chinatown restaurants used to pay zero attention to deco and ambiance and that's slowly changing as well. Some of the new ones have much better décor (not with the stereotype dragons of course - they would be laughable in a Chinese city nowadays). These owners should realize times are different, and the demographic is changing (not everyone is from Canton any more). If they don't do something better, they will lose business rapidly. Those old Cantonese speaking clientele will eventually die and nobody is gonna replace them.
The grocery stores remain abysmally dirty. They are stuck in the 1980s thinking customers don't care about cleanness of the store whatsoever. They are busy and profitable because 1) prices are great. The same green pepper for $4.99 is $1.99 there 2) employees make something like $5/6 an hour. I agree a T&T will completely change the retail landscape here, hopefully in the Chinatown Centre (what a disaster, more like a shopping mall in the outskirts of a 3rd tier Chinese city no one has heard of). Lucky Moose is much better and I enjoy shopping there.
I don't find that mall TOO bad, it doesn't have a lot of empty prime retail, but sure its full of the cheaper pacific mall like stores.
Pacific Mall isn't that cheap. A tiny retail space rents easily for $5000 a month.