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Hm. A few things jump to mind here:

1) I don't see the trend for 14th St to turn into an nightlife destination at all. If anything, the corridor is moving in the opposite direction, housing an increasing number of residents and small startup (non-retail) businesses.

2) How much money can the rent possibly be at Mid City? That location sucks for retail, and if the landlord thinks that he can find another retail tenant for that location, I think he's delusional.

3) Could this just be a case of bad management? I think I speak for many when I say that this announcement came as a complete surprise. Why didn't the owners try tweaking their prices and business model to increase turnover?

The abrupt closure of Pound in NoMA immediately springs to mind, where the apparently-modestly-successful shop closed its doors the day that they opened a "second" location on Capitol Hill, citing nothing more specific than "landlord issues." Le sigh.

by andrew on Sep 30, 2011 12:23 pm • link • report

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