Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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Last edited by bagboy; 01-09-2016 at 10:17 AM. |
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#32
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There seems to be a theme here. Many of the older restaurants leased out by the developer need some updating. I had a conversation with the last lease holder of Orange Blossom and this was the biggest issue at rent renewal time. Developer ups the rent substantially on the next lease term but refuses to update the facility. Let me be clear - I do not know this for fact it is a conversation I had with the last lease holder. The men's rooms in the rec centers are very nice - but they are not on a lease.
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#33
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So now perhaps the reality of the situation is seen. Older places that allow themselves to decline begin to lose patrons. Profits decline, and they can no longer pay the costs of having a business in a prime location. The options are to make changes/improvements, move to a less costly location, or close.
With this in mind, it is reasonable to believe that Katie Belle's fell into the same issue, and chose to make changes. |
#34
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#35
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If a person doesn't know from personal experience with respect to lease negotiations, then one really doesn't know the truth. |
#36
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__________________
No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#37
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And usual first excuse is the rent was too high. Next is the I could not get my lease renewed because TV wanted the property. Anybody that signs a lease with TV knows the rental rates from day one and what they will be for the next renewal term or two....no surprises about what was known at signing. Anybody that signs a lease with TV knows exactly how long the period of time the leas covers. And most leases will have a renewal clause....and if there was not....it would be known at the time of signing the lease.....no surprises about what was known at signing. If I were a betting person I would bet on the renter being the prime mover on each and every pull the plug event. And the feeble rent to high or they made me do it just does not fly!! |
#38
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Couldn't have said it better myself !!! I'm sick of people always attacking the developer. Almost 16 years here & I still love it. Thank you Harold and the entire Morse family !!!
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Troy, Rochester, Hazel Park, Harbor Beach, Grand Rapids, Michigan |
#39
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Same here.
I agree completely with you. It is easy to attack someone who has devoted most of their life to make something wonderful happen. Could someone be a bit jealous of the developer?
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#40
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#41
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Chefs of Napoli owner/chef assaulted a customer and for some reason, people still go there!
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#42
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Cheaper than a ticket to the fights or even pay per view
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#43
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Very simple - do not renew the leases, as with Athens New York and the Italian place that was on the other corner. The Developer needs corporate restaurants (TooJays, Subway, Dunkin' Donuts, Applebee's, etc.), willing to pay the tariff and willing to sign long term leases for a presence. If a prior poster's supposition is correct, that the Developer is looking to knock competition away from Katie Belle's, that's another story. All in all, it's just fewer choices for us, and that's the bottom line. I have nothing against people making money - hell, I worked for 35 years so I could make some myself. Yes, a renter signs a lease that's got a renewal clause, and the property owner may come to the table and negotiate, with absolutely no intention of renewing a lease. It happens everywhere, and may have happened here. Would you work and upgrading your restaurant if the Landlord wasn't negotiating in good faith?
Last edited by applesoffh; 01-09-2016 at 04:41 PM. |
#44
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__________________
Don't take life too seriously, it's not like you're going to get out alive!!! |
#45
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FACT: Spanish Springs has had ALOT of turnover since 2006.....one of the BEST restaurants/entertainment places was "The Bistro", piano bar and Jazz lounge that was located right where the Mexican restaurant is.......The place where Luigino's is has turned over 4 times since 2006,( "Bourbon Street" was one of the best)....we all know TURNOVER in inventory is excellent, NOT in tenants......It almost 2 years since Brownwood opened....many storefronts still empty.......the "Developer" is far more successful at residential than commercial real estate; even Walt Disney World has retained long-standing (20 + years) of commercial tenants like Cirque-du-Soleil, Wolfgang Puck's and many other leased retail shops at Downtown Disney and they charge base rent plus % of sales tiered.!!
Last edited by MoeVonB61; 01-09-2016 at 10:01 PM. |
Closed Thread |
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