Posted Feb 22, 2013, 6:59 AM
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testify
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Join Date: May 2012
Location: 94109
Posts: 853
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yeah, super short-sighted, i think. this is sure to be rental, so the 7 residential flats combining for ~5500sqf would bring in something like 10-12k/month, depending on how much things hot up but, long term, cleaving this up into 3-4 retail spaces could easily bring in 20k/month and add to the ambiance in such a way as to further invigorate the market for the next projects (the remaining 3 lots of the aaa campus). so, basically, just plain bad thinking.
that said, the project hasn't come up yet and it could still work out well. whatever happens, long term, that blank graham center wall needs to go. punch it out and put in retail, whatever, just fix it.
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