[bbbbbb]

Originally Posted by blicata

Recently visited brownwood. So many stores still unrented. Can anyone shed light on this?

Have you head the term Overbuild? Probably so.


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[NYGUY]

Originally Posted by bbbbbb

Have you head the term Overbuild? Probably so.


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Then again, probably not so!!

[Bogie Shooter]

Originally Posted by The Buckeyes

I believe Brownwood will be 4 yrs old this fall. The theatre is excellent except that if I want to see Jason Bourne or Hillary's America I need to go to Lake Sumter Landing.

Just pack a lunch....................

[Two Bills]

Brownwood does not have the atmosphere of the other two squares, and the stand terraced seating gives it a cheap stadium feel.
As for the shops. Why pay those prices? JMO.

[dewilson58]

I'm enjoying the slow growth/expansion/development of BW. The BW threads are always entertaining with speculation and conspiracy theories. The square was packed last night, somebody likes the seating and environment.

Oh well to those who don't like BW.

[VApeople]

Originally Posted by Two Bills

Brownwood does not have the atmosphere of the other two squares

I completely agree. We go to Panera at LSL quite often. After the meal, we get an iced coffee and sit outside at the sales center, and we are always amazed how beautiful the place is. Yeah, truly amazed.

At Brownwood, we also sit outside at the sales center, but it is just not as nice. There is less vegetation and the carts driving by are much closer.

[Bogie Shooter]

Originally Posted by VApeople

I completely agree. We go to Panera at LSL quite often. After the meal, we get an iced coffee and sit outside at the sales center, and we are always amazed how beautiful the place is. Yeah, truly amazed.

At Brownwood, we also sit outside at the sales center, but it is just not as nice. There is less vegetation and the carts driving by are much closer.

Once upon a time LSL also did not have that atmosphere..........give it a little time.

[The Buckeyes]

Originally Posted by Two Bills

Brownwood does not have the atmosphere of the other two squares, and the stand terraced seating gives it a cheap stadium feel.
As for the shops. Why pay those prices? JMO.

You know what else gives a cheap feel....plastic chairs at the other squares. Each square is unique.

[pooh]

Funny how individuals are drawn to one square or another. Each square is designed with a different look, theme. My sister visits and loves Spanish Springs, I live extremely close to LSL, but love the look and feel of Brownwood. Not many of us were so fortunate to have a town square, let alone three of them where we lived previously.

The area has changed so very much in the 10 years we've lived here.....three squares, lots of stores, shops, more rec centers, more golf courses, theaters.....and all in a relatively short time to serve a growing community. In the 32 years I lived in CA, never experienced such benefits for community residents.

It's easy to forget that we might have not had so much near by where we lived prior to moving to TV, and golf carts weren't necessarily in the picture. I love this community, I enjoy each square even though I have a favorite, I enjoy the beauty of the area, the proximity of the attractions, how much my kids and grandkids enjoy where Grandma and Grandpa live, and much more. This is my hometown, I chose to live here and enjoy the uniqueness and beauty of The Villages and the surrounding areas.

[dewilson58]

Originally Posted by pooh

Funny how individuals are drawn to one square or another. Each square is designed with a different look, theme. My sister visits and loves Spanish Springs, I live extremely close to LSL, but love the look and feel of Brownwood. Not many of us were so fortunate to have a town square, let alone three of them where we lived previously.

The area has changed so very much in the 10 years we've lived here.....three squares, lots of stores, shops, more rec centers, more golf courses, theaters.....and all in a relatively short time to serve a growing community. In the 32 years I lived in CA, never experienced such benefits for community residents.

It's easy to forget that were might have not had so much near by where we lived prior to moving to TV, and golf carts weren't necessarily in the picture. I love this community, I enjoy each square even though I have a favorite, I enjoy the beauty of the area, the proximity of the attractions, how much my kids and grandkids enjoy where Grandma and Grandpa live, and much more. This is my hometown, I chose to live here and enjoy the uniqueness and beauty of The Villages and the surrounding areas.

Not a good comparison unless the Panera Bread location was an unoccupied store from 2004 through 2011. Perhaps the reason for so many empty Brownwood stores is because the rents are too high and the monthly "royalty fee" to the developer is too high, also.

[graciegirl]

Originally Posted by Kup Kake

Not a good comparison unless the Panera Bread location was an unoccupied store from 2004 through 2011. Perhaps the reason for so many empty Brownwood stores is because the rents are too high and the monthly "royalty fee" to the developer is too high, also.

ALL MALLS, all tourist destinations with high traffic have the same kind of Percentage rent lease agreement. It is not just here. It isn't a "royalty fee". Every single business who chooses to rent property is aware of this, no one is holding a gun to their head. This is just another urban legend recirculating again and promoted by those who either dislike the developers because they are so successful, have some stake in competitive areas, are jealous they don't live here, or are just misinformed.

This will help explain how this type of Commercial lease works.
How Percentage Rent Works in a Commercial Real Estate Lease

I am not a real estate agent, never have been and would NEVER be one. I don't know the Morses, but I love this place and get danged tired of the misinformation and the "greedy developer" rhetoric.

[graciegirl]

Originally Posted by pooh

Funny how individuals are drawn to one square or another. Each square is designed with a different look, theme. My sister visits and loves Spanish Springs, I live extremely close to LSL, but love the look and feel of Brownwood. Not many of us were so fortunate to have a town square, let alone three of them where we lived previously.

The area has changed so very much in the 10 years we've lived here.....three squares, lots of stores, shops, more rec centers, more golf courses, theaters.....and all in a relatively short time to serve a growing community. In the 32 years I lived in CA, never experienced such benefits for community residents.

It's easy to forget that we might have not had so much near by where we lived prior to moving to TV, and golf carts weren't necessarily in the picture. I love this community, I enjoy each square even though I have a favorite, I enjoy the beauty of the area, the proximity of the attractions, how much my kids and grandkids enjoy where Grandma and Grandpa live, and much more. This is my hometown, I chose to live here and enjoy the uniqueness and beauty of The Villages and the surrounding areas.

Well said.

[Bogie Shooter]

Originally Posted by Kup Kake

Not a good comparison unless the Panera Bread location was an unoccupied store from 2004 through 2011. Perhaps the reason for so many empty Brownwood stores is because the rents are too high and the monthly "royalty fee" to the developer is too high, also.

Really, based on what?

[Bonny]

Originally Posted by Kup Kake

Not a good comparison unless the Panera Bread location was an unoccupied store from 2004 through 2011. Perhaps the reason for so many empty Brownwood stores is because the rents are too high and the monthly "royalty fee" to the developer is too high, also.

Not sure where you got the wording "royalty fee" from. This is no different than anywhere else. I had many family members and friends in Michigan who owned businesses that paid rent and a percentage. My sister works for a developer and that's the way they do it. That's the way the business is.