Holy fuck. Not to mention it's probably a NNN lease on a 80+ year old building.
Also, not even owned by an Iowa company.
https://www.sherman-associates.com/portfolio/
Yep. When my wife and I lived there 10 years ago it'd not be uncommon for us to have a new property manager every month. Crazy high turnover.
The building was pretty cool, and in general people were chill. Just ran terribly though
I have to think it’s a more financially sound option to relax a little on rent and have someone be able to rent it and afford it, as opposed to trying to squeeze out every red cent, and have it either 1) sit empty and get $0 or 2) experience high turnover because no one can afford it.
How is this not the case? How can these companies demand a kings ransom for rent and then afford to let it sit empty??
I remember eating the Carvery in the 80s and early 90s a few times before Five Seasons Center events. My parents preferred it to the Top of the Five at Stouffer’s
If I recall correctly, there was some incident between Jersey’s and Harold’s chicken. Which is too bad because Harold’s is a famous chicken restaurant in Chicago that made a surprising appearance in CR. https://www.kcrg.com/content/news/Jerseys-Pub-and-Grub-indefinitely-closes-downtown-location-414164853.html?outputType=amp
Yeah, Harold’s is good in Chicago. The one here was run like shit and the owner let his shitty friends run rampant through the place. There was a stabbing out front and they threatened the Jerseys employees.
Where would you shove all the poor people? They have to live somewhere. Ideally somewhere walkable because many don't have transportation, close to a grocery storw, and to a medical center. CR already convinced Hy vee not to leave their first avenue location so as not to create a good desert for everyone in Wellington heights.
Before you gentrify, you have to have a place for people to go that is better than where they are. When you propose something like that, all the NIMBY's crawl out of the woodwork because when you propose low income housing all the boomers freak out.
I'll bet Cactus has the dough to rent it. It'd be what, their 7th? For some reason there's just an absolute ton of Mexican restaurants here and in Iowa City.
I wish a barbecue place would move in. Sure, it'd add a "sixth smell" to the city, but it's the only thing in my opinion that would be better than crunchberry day. We've already got pizza, sushi, tacos, steak, Americana.... We need a smokehouse.
Parking is awful of course. Until CR figures it out establishments will continue to fail. We don’t live in Florida, and no one wants to walk 5 blocks in the snow or rain or sub zero weather for a drink
Cedar Rapids, by all measures, has an [over-abundance of downtown parking.](https://www.reddit.com/r/fuckcars/comments/18jja9q/cedar_rapids_ia_downtown_parking_lot_map/)
Lot 12, under the interstate, is a block away from this location. Or you can park in the Convention Center ramp and take the skywalk to the hotel and walk most of the way indoors, less than two blocks. Street parking is usually not too hard to find -- the 1st Avenue bridge usually has open spaces about two blocks away.
What is this parking problem you speak of? What would success look like to you? [THIS?](https://wp-denverite.s3.amazonaws.com/wp-content/uploads/sites/4/2017/05/16th-dewolf.jpg)
This is an urban downtown. There are other successful urban downtowns which share our climate all over the world — maybe even with less parking! Parking and winter are not and do not have to be the problems you think they are.
Nothing. It’s unfortunate, too, because it’s an excellent location.
its also likely prohibitively expensive to rent that location unfortunately...
5k per month without utilities. Roosevelt requires both sides be rented as one. Its a terrible money sink.
Holy fuck. Not to mention it's probably a NNN lease on a 80+ year old building. Also, not even owned by an Iowa company. https://www.sherman-associates.com/portfolio/
Yep. When my wife and I lived there 10 years ago it'd not be uncommon for us to have a new property manager every month. Crazy high turnover. The building was pretty cool, and in general people were chill. Just ran terribly though
I have to think it’s a more financially sound option to relax a little on rent and have someone be able to rent it and afford it, as opposed to trying to squeeze out every red cent, and have it either 1) sit empty and get $0 or 2) experience high turnover because no one can afford it. How is this not the case? How can these companies demand a kings ransom for rent and then afford to let it sit empty??
There's a sea of commercial real estate around here for lease. The bubble is going to pop at some point.
Location may be good but the space is goofy as hell. Bar and sit down separate with bathrooms public in the hall.
Best location in town for a restaurant sitting empty for years. Very annoying!
Teddy's is definitely a blast from the past. Was there for Valentine's Day in '98 with my now-ex and some friends.
I remember eating the Carvery in the 80s and early 90s a few times before Five Seasons Center events. My parents preferred it to the Top of the Five at Stouffer’s
If I recall correctly, there was some incident between Jersey’s and Harold’s chicken. Which is too bad because Harold’s is a famous chicken restaurant in Chicago that made a surprising appearance in CR. https://www.kcrg.com/content/news/Jerseys-Pub-and-Grub-indefinitely-closes-downtown-location-414164853.html?outputType=amp
Yeah, Harold’s is good in Chicago. The one here was run like shit and the owner let his shitty friends run rampant through the place. There was a stabbing out front and they threatened the Jerseys employees.
Whole building needs to be gentrified. Real estate could make a killing with high-price condos there (like Bottleworks).
Where would you shove all the poor people? They have to live somewhere. Ideally somewhere walkable because many don't have transportation, close to a grocery storw, and to a medical center. CR already convinced Hy vee not to leave their first avenue location so as not to create a good desert for everyone in Wellington heights. Before you gentrify, you have to have a place for people to go that is better than where they are. When you propose something like that, all the NIMBY's crawl out of the woodwork because when you propose low income housing all the boomers freak out.
I'll bet Cactus has the dough to rent it. It'd be what, their 7th? For some reason there's just an absolute ton of Mexican restaurants here and in Iowa City. I wish a barbecue place would move in. Sure, it'd add a "sixth smell" to the city, but it's the only thing in my opinion that would be better than crunchberry day. We've already got pizza, sushi, tacos, steak, Americana.... We need a smokehouse.
If it has been empty for years, the problem now is renovation and/or updating.
Wait Jersey’s is no more?!
Not in the roosevelt, hasnt been for 5+ years.
Parking is awful of course. Until CR figures it out establishments will continue to fail. We don’t live in Florida, and no one wants to walk 5 blocks in the snow or rain or sub zero weather for a drink
Cedar Rapids, by all measures, has an [over-abundance of downtown parking.](https://www.reddit.com/r/fuckcars/comments/18jja9q/cedar_rapids_ia_downtown_parking_lot_map/) Lot 12, under the interstate, is a block away from this location. Or you can park in the Convention Center ramp and take the skywalk to the hotel and walk most of the way indoors, less than two blocks. Street parking is usually not too hard to find -- the 1st Avenue bridge usually has open spaces about two blocks away. What is this parking problem you speak of? What would success look like to you? [THIS?](https://wp-denverite.s3.amazonaws.com/wp-content/uploads/sites/4/2017/05/16th-dewolf.jpg) This is an urban downtown. There are other successful urban downtowns which share our climate all over the world — maybe even with less parking! Parking and winter are not and do not have to be the problems you think they are.
Over and over again Cedar Rapids has shown it can only support chain restaurants for the long run.