Quote:
Originally Posted by H2O
I don't know the sf, but the only commercial use that is remaining is Hank's. I believe there is zero sf of retail in the new building(s).
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Why in the world would a developer want any "retail," at all in his new horse shoe. What good does a shoe store, a dress store, a hardware store, a music shop, a toy store or any other small retail shop do him? A lot less good than a swimming pool I suspect, and they don't seem to be building those any more either.
if people want to shop they should go to a shopping center, the developer reckons. Not mess around amongst his renters. Now a small restaurant or pub, and maybe a nail salon is another thing. They're now an expected perk to the tenants and in the case of restaurants and pubs usually have deep-pocketed national chains or local investor groups behind them. Once a restaurant is set up inside, another can usually be quickly found to take its place should the need arise.
No, the developer views small retail as trash. Such as it exists anymore, it is actual trash, like in the area outlined in red in one of the earlier posts, or incipient trash, like the legacy family-owned shops in West Austin that take up a lot of space and will die off soon with their owners.
Putting aside the patrons of incipient trash, the patrons of the legacy family-owned shops in West Austin, the developer is reluctant to label the patrons of the actual trash shops, but ...
We are taking care of the owners and patrons of the actual trash shops however: we are building Project Connect so they can live in one of the adjacent multi-family projects and have easy access to a plethora of shopping options.