The article lists a handful of U.S. cities and their neighbourhoods that have experienced the Whole Foods Effect and gives readers some insight into how they locate their stores.
According to the article, while a Whole Foods store doesn't lead to increased property values on its own, they tend to set in motion a series of events that leads to gentrification.
Here's something I found interesting:
"And one thing Whole Foods does is stay open later than a lot of the other shops around it, laying the groundwork for expanding the length of that neighborhood’s day.
'What something like a movie theater or a Whole Foods does is it creates an extended-hours district,' says Reid. 'Lots of downtowns close up shop at 6, but there are certain amenities that can make a downtown go from being a 10-hour thing to a 16-hour thing.'"
If the writer is right, it looks like the Glebe and Old Ottawa South, especially around Bank Street, can anticipate a lot of growth.
Check out the article and let me know what you think.