Posted: Apr 1, 2012, 2:10 PM
|
 |
Registered User
|
|
Join Date: Jul 2011
Location: Salt Lake City
Posts: 229
|
|
Quote:
Originally Posted by SLCdude
More Main Street business!

(my photo)
Story...
"City Creek, unlike the malls it replaces, will have stores whose shopfronts face Main Street, says Jeff Barnard, owner of clothing boutiques JMR and Lolabella. He’s a veteran of the mall scene, having had stores in the Cottonwood Mall, which was torn down, and Trolley, which he left for Crossroads, only to then move to Gateway. Now he has two stores in Gateway, where rents average $40 per square foot. “Sometimes I think City Creek will crush Gateway, sometimes not,” he says. Either way, the key for a retailer, is to be “real careful you sign a lease with mobility so you don’t get trapped in a shopping center in decline.”
Barnard was in negotiations with City Creek for years. Taubman offered a leasing deal of $82 per square foot, which would incrementally rise to $125 over 10 years. Barnard didn’t necessarily balk at how expensive it was. “The way I look at it, you’re paying for more volume.” Nevertheless, he couldn’t afford it, and came up with an ingenious way of being part of City Creek and the seeming Main Street revolution without paying the exorbitant rent.
On Aug. 1, he will open a 5,500-square-foot store in the Crandall building, on the corner of Main and 100 South, called Chalk Garden Co-op, the title a nod to 1959, when his parents opened the Chalk Garden clothing store."
-Stephen Dark. Salt Lake Tribune
http://www.cityweekly.net/utah/artic...current_page=3
|
How sweet it is for downtown right now. It's a bit premature to say this, but it really looks as if a new era has been ushered in. Can't wait for the Starbucks to open either—I would totally rather have something local like Beans and Brews or Coffee Garden, but I realize the value a coffeeshop has in the city center.
__________________
"I want to live in the city with no friends and family; I want to look out the window of my color TV."
|