Quote:
Originally Posted by stephan.richard
But can’t wait to see what goes into Granite Center and do folks here have any insight.
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I personally have no idea why they decided to go ahead and build that new retail plaza on Granite Drive during the current COVID exacerbated retail apocalypse. It makes little sense to me.
All I can offer is speculation:
1) - one of the tenants of this new retail strip will be
Five Guys, and since they will likely be occupying the unit in 2021, they needed to get the whole strip built and ready for fit-up.
2) - the adjacent pad site next to Elmwood Drive is designed for restaurant occupancy. If a new restaurant is built here next year (for example Jack Astor's), then they needed to get this work underway first, in order to provide for future driveway access.
As I said, both of these possibilities are purely speculative, but might explain why they otherwise constructed a retail strip likely to remain largely vacant for the next 4-5 years.