Quote:
Originally Posted by eskimo33
I recently spoke with an acquaintance about what is happening with the old Jack in the Box on South Lamar and Barton Springs (1200 Barton Springs Rd). It seems like it has been sitting there gutted for almost nine months and I was curious when it was going to become more than a graffiti magnet and homeless hangout.
Starbucks has acquired the rights to the property. (Not sure if it was leased or bought, I imagined leased) While they were in the midst of the remodel, they found unknown fire damage from a previously unreported fire. The amount of money it would take to fix the fire damage, plus the price of the original remodel ran afoul of the city's rules for building in the floodplain(they would now have to bring it up to code, and more than likely get a city council variance). So, Starbucks is suing the previous owners. I imagine they are trying to null their lease, recoup some costs and who knows what else.
I figured with it being such a prominent intersection, you guys might be interested.
|
So hears what I head.... LOL>..... I know this can be a fun game.
This info was from the guy who was to be manager of that location.
He said it had to do with old gas station takes still under the property. It was not disclosed in the deal. Starbucks was not will to do what was now required to remove them..... so they are getting out of it. !!!!
So.... who's gonna do the research to see if that was an old gas station?
And yes.... that property could be put to much better use. !