Reply to RIP Johnson's -- Now let's move on

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Reply to "RIP Johnson's -- Now let's move on"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]AU doesn't own any of the buildings that have the fast express food in the neighborhood. Not one of them.

And if you read the letter posted on the neighborhood listserve, it becomes pretty clear that AU wasn't the bad guy in the Johnson's issue.

[/quote]
Good riddance to Johnson's. [/quote]

AU had me until the last line about market rate rents. They are simply too high for many business. Since AU can set the rest as landlord, then yes I guess I guess I do expect them to subsidize a few neighborhood institutions to a degree. As a fellow neighborhood institution I feel they should take this one for the team. [/quote]

The concept of "market rate rents" is that the market sets them, not the landlord. [/quote]

Uh, we don't have rent price floors in this country.  AU is basically acknowledging that it seeks highest and best rent from the property, even if that means the departure of a business that has been serving the local community for decades.  By this logic, AU will want to develop the property, and the result will be more pseudo-urban generic retail and fast casual dining.  Oh, and certainly we could use another big CVS between Idaho Ave. and Brandywine.   :lol: [/quote]

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