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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

There is a huge market overlap. Cathedral commons is not just a lunch place. Many of  these students may have huge gaps in the afternoon as well. We're you ever in college? You're aware that you can set a schedule that's not necessarily 9-5? I'm not sure why it's so important to you to prove that Tenleytown and cc are on two entirely different planets. To those of us in the neighborhood it's simply which way do you want to walk? The thing limiting Tenleytown to fast express is the unheard of rents that landlords like any are charging. Remember armands was there for years until the uptick... Or maybe you aren't from the neighborhood for long and don't remember. - happy walker[/quote]

Armand's owned that building, which made staying there til Jimmy passed away tenable, or maybe you have lived in the neighborhood a long time but didn't bother to know that.

Tenleytown has the quick food bonanza because of the concentration of high school, college and law students, as well as heavy commuter foot traffic.  It's pretty simple.[/quote]

And the high rents. Do you think 40,000$ for the lakefire grill space is affordable to other models of food service? Yes, pretty simple. Look, I believe that University/"town" relationships are important and that to a degree the university should be invested in things like keeping landmark institutions in the neighborhood. You don't. You're all Ayn Rand survival of the fittest. That's fine. My respect for AU has diminished as well as my willingness to cooperate with low scrutiny on future projects of theirs. Yours hasn't. OK. I'm guessing AU knew Johnsons was valued or they wouldn't have spent "two years' trying to keep them and published their letter. They made a choice and so have I. [/quote]

Again you have no idea what rents people are paying or what the market can bear but the market does have a way of sorting itself out and there is nothing Randian about that.

But I appreciate the hyperbole - now Johnson's is a landmark institution! [/quote]

I was told the rent for that corner restaurant space was 40,000 monthly. The source was public information shared at some meeting or forum, but can't remember which. If you have other information please share. Maybe I added or dropped a zero which would make a vast difference, but 40,000 is the figure I remember as it was jaw dropping. I believe the landlord for that complex is AU. Do you have actual facts to share? [/quote]

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