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Item C - Chase Garden Node
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Item C - Chase Garden Node
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6/9/2010 1:17:44 PM
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4/7/2005 8:33:16 AM
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City Council
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Agenda Item Summary
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4/11/2005
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less than perfect location. The up-front costs to build the space and in-fill with tenant <br />improvements, could not be justified in this location. <br /> <br />Because of the medical office patients and employees who would be frequenting the <br />building, a small (perhaps 2,000 square feet) specialty grocery/coffee/wine store that <br />could serve both the neighborhood and the users of the buildings would have a reasonable <br />chance of success, if the rent is not excessive. In my opinion, more than that is an <br />unreasonable risk to the investors who are risking their resources to build the project <br />There is much to say about this issue, and there are many viewpoints, but I base my <br />opinion on my 18 years doing exclusively commercial real estate. I would be remiss if I <br />did not mention that the gap between a vision, and what can actually be successfully <br />achieved, is deep and wide. <br /> <br />Please feel free to call me if you want to discuss this concept further. I look forward to <br />talking to you soon. <br /> <br />..~incerely, /~/ <br />-Sue Prichard <br /> <br /> <br />
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