Spanish Springs - the future
It seems Spanish Springs will need a major investment of capital in the next 3 to 5 years.
Bottom line, Developer needs/wants to keep rents strong and flowing in. We all see an office building getting a facelift every 20 or 30 years. Same concept.
Are the loss of the 3 restaurants recently a sign (not to mention some of the other places that closed - that wine/beer place)?
SS is in a tough location - I think of amount of housing in all 4 directions. SS doesn’t have many villagers to the north or east.
That was okay when it was only SS and LSL - it was a reasonable drive from LSL area to SS.
Now, those around LSL, can go south, not only to Brownwood, but Sawgrass and soon 2 more areas.
Residents around Brownwood and south, will do the same thing, traveling north to SS less frequently,
UNLESS - SS gets a renovation. New concept, new retail new restaurants.
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