Starbucks closing in Rosemary?

[tistheseason]

Might the rents come down a little bit? At some points the rents can't be sooo high that businesses can't make it. I had heard in the original plan that spot was targeted to be a coffee shop -- and it's clearly desired by the poeople. But it will be hard for someone without deep pockets to manage the revenue swings (season/off season). If Starbucks can't make it. . . . .can anyone?

 

[Smiling JOe]

Rents around here are as high as San Fransisco, but without the population numbers from which to draw. Look at the number of empty commercial places around here and you will quickly see that rents are too high for most small businesses to give it a whirl. WaterColor Crossing stores remained empty for a long time. With the purchase costs and high price for insurance, rents will remain somewhat high for most commercial units. The Rosemary and WaterColor SB locations are pretty high visibility with somewhat captured audiences, and I would think that both developments will make the rents whatever they need to be in order to get the right business move in. These developments are more unique than many commercial spots, because they may be able to write off some of the costs as community benefits, not trying to make profit on those rents, but offering services and benefits for the owners and guests. The developments will still likely get part of net or gross proceeds. No buyer wants to drive through a major development like RB or WC and see empty, closed stores. They want it to be a happening spot.

 

[Matt J]

It's gotta be the rent, not a single PC/PCB location is closing and some of those go all day without someone coming in. Oh well, that leaves us with Miss Lucille's, My Daddy's Cheescake, Hibiscus, Amavida 2 locations, Fonville press, and Wild Olives. All local and all better than starbucks anyway.

 

[rdelong43065]

It's gotta be the rent, not a single PC/PCB location is closing and some of those go all day without someone coming in. Oh well, that leaves us with Miss Lucille's, My Daddy's Cheescake, Hibiscus, Amavida 2 locations, Fonville press, and Wild Olives. All local and all better than starbucks anyway.

Don't forget The Coffee House in Watercolor Crossings as well.

 

[bentley williams]

Don't forget The Coffee House in Watercolor Crossings as well.

I heard they have a decent sandwich also, I hope they survive there.

Anyone know what the rent is in WaterColor Crossing?

 

[organicmama]

I heard they have a decent sandwich also, I hope they survive there.

Anyone know what the rent is in WaterColor Crossing?

I had heard last week that they were closing. Is this true?

 

[Will B]

yes...both this one and Rosemary Beach

 

[bsmart]

Starbucks Rosemary Beach and Seagrove to Close

The Starbucks at Rosemary Beach as well as the one in Seagrove are on the list of 616 Starbucks locations to close by early 2009. See this article from cnn.com which also includes an interactive map: http://money.cnn.com/2008/07/18/news/companies/starbucks_closures/index.htm?cnn=yes

 

[flspearit]

corporate coffee sucks! sorry for those that will lose their jobs...but the walmart of coffee shops (STARSUCKS) doesn't belong here...good riddance...trendy and tasteless, IMO

 

[Jdarg]

Let us remember that Starbucks has provided jobs and benefits to our friends and neighbors. More business closings in SoWal is not a good thing, no matter what you think of the business.