





Giovanni, so your premise is that no retailer outside the city limits knows about the vacancies available in the downtown area and, if they did, they would gladly open their stores here even though there's not enough spending dollars and foot traffic in the area to justify it?
Yea, Any sale on this property will be speculation, waiting for AM&A's, AM&A's warehouse and LaFayette Hotel to be redone. Once you get those places filled you might have a chance for a retailer.
lol, 12,000 grand a month???? They will never ever get it.
well not 12,000 grand. just 12 grand. or just 12,000
lol, my bad, still never happen...they be smoken a little somethin somethin there...
That may be so, but $144K just for rent (annually) seems quite formidable for a business in this part of town. You'd have to sell quite a lot of whatever you're selling to make a profit.
remember that its for 18.000sqft. thats only $12.5 a foot per year. not bad for office space. this has always been one of my favorite buildings.
For a national store such as mentioned in the story, I'm sure they can do well. And I agree with the first paragraph. Why not market the vacant structures we already have to National Retailers while the Erie Canal Harbor Development Team markets vacant lots to them?
what? an ikea-free thread? ingvar will be so disappointed.
Buffalo's streets are reviving because of local businesses. We are all better off for this.
Local businesses keep money in the local economy more than the chains. And they make Buffalo a unique attraction.
While the big names have a certain amount of "big cityness", they won't work here.
Barnes & Noble, IKEA, etc. are not going to survive downtown.
And that's not such a bad thing.
Buffalo is unique, and it is solving its problems without the big chains. Let's hope a locally grown company, with a Buffalo personality moves into this space.
There is no reason why we need to look like every other city.
interesting post. can't say i'd argue or disagree with anything you're saying. just why do you say big name chains wouldn't work? why wouldn't they survive? just trying to prod you is all.
Retail is where a healthy economy spends its money, not where it is earned. When the trains came in with raw materials and left with finished goods, that was an economy which supported retail. Simply "attracting" retail here is akin to trapping a critter so it can starve to death.
The article seems to imply that Larkin Development isn't marketing this property correctly. Did anyone at Larkin comment? How does Larkin currently market the property? What other marketing strategies does the author suggest that have been successful in Buffalo or other real estate markets?
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Agreed, it would be a beautiful huge store and shoule marketed as such. Now, forgive my ignorance, but who is supposed to do that sort of marketing? Is it the city's responsibility or is that something the real estate agents are supposed to do? or both?