Too many jittery people around town
I was approached by a local merchant recently who was concerned that no one is talking about certain parties buying up what seems to be all of the Center Grove. Too many of the merchants are on edge about their future. They want to know what the future holds.
Rumors are that the PointeGroup has bought the Mr. Moe's building along with GreenStreet and Lulu and so many other locations like the Johnny Rockets corner from the former Guess Store down to New York Pizza and the Florentine Plaza (where the Akashi is, by the fountain). But truth be told, most of the properties are only managed by PointeGroup and while I do believe they have plans for the area, the family that owns the company has Coconut Grove roots. I don't think they will harm much, but who knows.
People are concerned that the Grove is going to end up like Mary Brickell Village from one end to the other. But again, the PointeGroup has been trying to develop those six blocks in Village West for six years, they still can't get their act together there. How are they possibly going to manage the Center Grove? For one thing, if these places are being bought out by anyone, with or without the PointeGroup managing them, they are going to have a heck of a time if rents are raised. The only people that can afford the high rents are chain stores and they are not even coming in. Apple actually went elsewhere because of high rents.
Wait and see. What else can be done? I know one unfair thing being done is that the merchants who may be affected by development or renovations are being shown other locations in the area, but those other locations are on the list for some sort of renovation in the future. So showing a store a location and not revealing that they will have to up and move a year or so later really is unfair to the merchant. I think the best thing would be to shop around independently or use a local realtor who is fair and will work for you, not against you.
Related stories:
West Village Neighbors unhappy with PointeGroup
PointeGroup presents project to Village Council
Changes coming fast
Rumors are that the PointeGroup has bought the Mr. Moe's building along with GreenStreet and Lulu and so many other locations like the Johnny Rockets corner from the former Guess Store down to New York Pizza and the Florentine Plaza (where the Akashi is, by the fountain). But truth be told, most of the properties are only managed by PointeGroup and while I do believe they have plans for the area, the family that owns the company has Coconut Grove roots. I don't think they will harm much, but who knows.
People are concerned that the Grove is going to end up like Mary Brickell Village from one end to the other. But again, the PointeGroup has been trying to develop those six blocks in Village West for six years, they still can't get their act together there. How are they possibly going to manage the Center Grove? For one thing, if these places are being bought out by anyone, with or without the PointeGroup managing them, they are going to have a heck of a time if rents are raised. The only people that can afford the high rents are chain stores and they are not even coming in. Apple actually went elsewhere because of high rents.
Wait and see. What else can be done? I know one unfair thing being done is that the merchants who may be affected by development or renovations are being shown other locations in the area, but those other locations are on the list for some sort of renovation in the future. So showing a store a location and not revealing that they will have to up and move a year or so later really is unfair to the merchant. I think the best thing would be to shop around independently or use a local realtor who is fair and will work for you, not against you.
Related stories:
West Village Neighbors unhappy with PointeGroup
PointeGroup presents project to Village Council
Changes coming fast
posted by Tom Falco at 5:00 AM
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5 Comments:
If anybody is purchasing multiple properties in the Grove, then that should have a positive outcome for the residents. The reason is, new owners usually have plans to improve the properties and have stable tenants. If that's the goal, then our area will benefit.
If.
Should.
Usually.
If.
Yeah, that just fills me with hope and confidence.
The current situation in center grove is bad. Maybe someone with an interest in actually renting out space will get involved. So far, the mgt has ranged from poor to absurd.
Several years ago via happenstance I talked with a lady on Mary Street, behind Mayfair who advised she represented a group who said they were responsible for having parts of our waterfront dredged for large boat usage, larger dock house, various renovations about the waterfront & throughout the Grove & had funding of about $7-B.
Could this be "THEM". Jobie Steppe
There is a Group with $7-B who began going about having our marina dredged out for larger vessels, a grand boat house, the purchase of any and all business properties in & about the Grove, the demolition of our convention center & much, much more. The concept "SHE" advised me of was to extend the concept of CORAL GABLES to our waterfront up to the park that meets the toll plaza leading to Key Biscayne.
I believe this represents MAJOR, MAJOR, major changes; good luck. Jobie Steppe
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