Where are all the businesses going?

Why all the business shut-downs on Avery and Marguerite?
Tom Thumb January 20, 2014 at 07:52 PM
Come on, got to optimism baby: tinyurl.com/mhxvk3f
Dan Avery January 21, 2014 at 12:39 PM
Um because we're still in a recession?
Peter Schelden (Editor) January 25, 2014 at 11:15 PM
Thanks for the question, Julie. We'll have some answers, at least about Devilicious Donuts, next week on Patch.
Julie Lambla January 26, 2014 at 10:21 AM
The Liquor Store, the Sushi Place, Boosters.....all of the tennants in that whole plaza have shut down or moved and I haven't heard a word about it. Maybe I missed the article in the Patch? MUST be a remodel or maybe the owner is selling? I can't imagine ALL of those businesses closing is a coincidence. And the "other" plaza diagonal from the RING shop looks like a ghost town too. Another little convenience store and more have closed their doors too over the last year. And now a spiritual center is moving in? We are in desperate need of a grocery store in this area and those two little convenience stores were pretty handy. Has there been any discussion from some of the chain stores to move in to the area? I noticed Devilicious Donuts is now under new ownership and the Mongolian BBQ place is still there but there is so much vacancy. PLEASE tell me this is simply for renovations or maybe even a redesign of the Avery entrance to 5 North?
Dan Avery January 31, 2014 at 11:23 AM
Could be that the rents are too high. That's what I hear most often from business owners. It would seem that the landlords in town overvalue their square footage. We are still in a recession, businesses have fewer customers, and, let's face it, our strip malls have seen MUCH better days. Shame they aren't being remodeled like our neighboring cities have done or are doing.
Tom Thumb January 31, 2014 at 01:42 PM
I read there are currently over a billion sq ft of retail space open in the US. They were overbuilding retail 25 years ago. Anyways, the trend for the last decade, which will accelerate, has been converting much of it to medical facilities. They've got a large dialysis center, with blacked out windows, right next to JC Penny at the Lakewood Mall. A Borders Bookstore was converted to medical next to me. I'm sure with the ACA, and aging population, there will be a need for more assisted living, nursing homes and other facilities for lower cost care for the elderly.


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