Reply to Schools cause PoP to leave Petworth

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Speaking of Van Ness, the PoP blog states that the big Walgren's two story drug store, which was purpose-built just over three years ago, is closing.  Interesting.....[/quote]

Yeah, and I'm hoping he also finds out what's going on with the old "Babe's Billiards" space:  hopefully another "mini-towncenter" type thingy with modern apartment living on top and upscale yet quirky shops on the bottom.[/quote]

It would be nice if there were "quirky" shops.  But the usual course with these mixed use developments is that the investor group wants to lease to chains and similar deep pocketed businesses.[/quote]

The problem IIUC is that the lenders want financially safe businesses of commercial tenants.  That said quite few new mixed use developments end up with either established local chains, or sometimes upscale independents as tenants.  Quirky really needs old buildings though.  So you need to wait for these buildings to age.  [/quote]

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