Quote:
Originally Posted by Papa_lecki
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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All 3 of those restaurants had terrible food. The only other thing they offered was booze, which you can get at any other number of places in SS.
Coastal Del Mar and Bella Vista have good food, and they’re packed and constantly have a wait.
There’s plenty of demand in SS, but you can’t serve crap food and expect people to still come.