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Friday, September 14, 2007

Leases Renewed for Six Main Street Merchants


Main Street Wire (PDF File) reported that 6 Main Street merchants have had their leases renewed. They are:

  1. China 1
  2. M&D Deli
  3. Roosevelt Nails
  4. Full Service Hair Salon
  5. Roosevelt Island Cleaners
  6. Accountable Financial Management
Now that these establishments are no longer operating on month to month leases and have the security of at least a 10 year lease term will they upgrade their storefronts and interior spaces? Let's hope that RIOC included a provision in these renewal leases providing for some commercially reasonable standard of storefront and interior space appearance.

45 comments :

Anonymous said...

Let me be my cynical self for a moment:

Ha! I just don't see how those businesses will be able to afford to make their store fronts nicer. The rents increased and foot traffic is so so. What these stores really need, though, is the ability to accept credit/debit cards.

anon said...

"Let me be my cynical self for a moment:

Ha! I just don't see how those businesses will be able to afford to make their store fronts nicer."

cynical? more like naive. these rent increases were de minimus. i pay more in rent for my apartment than most of those business pay for their retail space. if being able to afford anything is a problem with rents that low, those businesses should be replaced with more profitable ones.

Anonymous said...

When RIOC renewed their leases did they asked them, at least, to clean stores & in front of stores?
Deli should change that rusted shelves & refrigerators, and finaly paint that space.

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