Reply to Is FCC going to become the next Clarendon?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]FCC is full of empty storefronts yet they keep building more.  It’s mystifying.[/quote]

+1[/quote]

Companies don’t want to get stuck in a long term lease in a crappy rundown building when premier retail space in more vibrant areas will become available in the next three years. Bigger retailers from more established chains will move in as anchor tenants for these new mixed use buildings. All but the most established 80s strip malls will probably be torn down. The higher rent will push out more mom and pop shops operating on thin margins. Not surprisingly a concerted effort is being made to limit the number of families with kids that stay and new residents who will dilute the electoral power and interests of current residents. New constructions with 55+ age restrictions, small unit sizes, no new condo developments, and a heavy retail to apartment mix. The transient people in apartments where annual rent jumps are less likely to stick around or be engaged in FCC local politics. This will shield the folks who own in FCC to some extent and allow FCC to keep its “little city vibe” longer I suppose...[/quote]

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