darwink
Senior Member
That building has a lot of parking compared to what you’d expect from the street presence. It also has parking in the now non alley alley, and underground parking.
The rentable area of the building has sort of locked in stagnation (rent pressure due to address but poor street presence). The 7-11 space which I’d guess was vacated due to rent pressure then sat empty for almost a decade. And only replaced by a dry cleaner ( the last resort tenant type if they’re doing anything with chemicals on site). The corner restaurant space with almost no ‘parking lot exposure’ is a very large space that they’ve had trouble with since the Vietnamese restaurant closed, must be close to 20 years ago now?(now planned to be a day care?).
From what can see, the main floor might be fully leased for the first time in a generation. Likely a sign ownership shifted in some way (especially with the street access changes), like an inheritance at minimum. Could look for hints in a few hours when property records is open for business. Like a new mortgage.
