Wednesday, June 27, 2007

Ninety-Eight Percent Leased

According to an anonymous poster in a previous Riverpark thread this empty area is 98% leased and scheduled to start construction in 7 months. I guess I was wrong to doubt the power of the Oxnard name.

26 comments:

Anonymous said...

Murst!

Anonymous said...

My first Murst! Sucks to be yuo

Khatie said...

Second and spelling correctly.

ratlab said...

Is this the same type of number fudging the condo tower builders in downtown Sac are/were playing?

TK said...

I see a MURST but no FIRST. It's mine!

BelowTheCrowd said...

Sure it is. But probably on contingency terms.

The retail players will lock up their slots and ensure that competitors can't get in. If the place never gets built, it doesn't cost them a thing. If the place does get built, usually some of the lease amount is revenue share, so even if it bombs, it doesn't cost them too much. And usually there are other contingencies attached to it, like getting adjacent business or residential properties done or occupied.

Getting a smart retailer to put in a little bit up front with limited downside and lots of "outs" isn't all that hard most of the time.

-btc

Rob Dawg said...

Ratlab,
The usual phrase is "on the pinks" meaning that you can't really make a binding lease until the certificates of occupancy are in hand. Until then the 98% is an interest list. To be sure tere are a few serious tenants in mind but there's no way the local economy can support anything except the population adjusted Trader Joe's, Starbucks, Old Navy, Jamba Juice, Macaroni Grille, AM/PM and such that are part of the urbanscape regardless.

Rob Dawg said...

BTC,
I'd like to thank you. Your recent posts have been outstanding.

Mouse And Pencil said...

So, Rob...I have a feeling you've read "Oath Of Fealty"...

How long until they build a Todos Santos?

For you non-Larry Niven fans:

http://en.wikipedia.org/wiki/Oath_of_Fealty_%28novel%29

Rob Dawg said...

Archologies? Oh, you mean gated communities. ;-)

Anonymous said...

http://www.scatteredass.com/thumblist.php?show=Galina_Ass.jpg


Here is a pic I found of the uninvolved G. She looks like she is working with a sub-contractor

Anonymous said...

http://www.scatteredass.com/thumblist.php?show=CaseyNigelPet_.jpg


This one is a must for the Caseypedia.

Sprezzatura said...

BTC has been eating his Wheaties.

Rob Dawg said...

At some point we move on past these.

Mouse And Pencil said...

@Rob

Yes, gated communities, smarty pants. :)

No, I mean the whole deal - job onsite, cafeteria, buy in, whole family, under one roof.

And, would you buy in?

Rob Dawg said...

Mouse And Pencil asked...
| How long until they build a Todos Santos?

Rob replied:
|| Archologies? Oh, you mean gated communities. ;-)

M&P rejoiners:
Yes, gated communities, smarty pants. :)

No, I mean the whole deal - job onsite, cafeteria, buy in, whole family, under one roof.


Oh you mean Microsoft. ;-)

And, would you buy in?

Depends on how much they pay me. Seriously though as a public policy gated communities suck big time. The idea of another layer of governance when we have too many in the first place is equally a formula for social dysfunction.

BelowTheCrowd said...

BTC is bored out of his mind today.

Off to deal with a client's network problems...

-btc

Anonymous said...

About Archologies*, actually rob has a point about 'gated communities'. And, an Archologie takes parts of another of Rob's least favorite concepts: new urbanisim. The later facet being the concept of living by your work, eating by your home (within walking distance)

* but I think the real challange with Archologies as they were seminal described and tried in AZ or NV is the closed 'eco system' and self-contained food production.

Kitty said...

You know, Arcologies always remind me of Biosphere II...which was, of course, overrun by goats and morning glories and crazy ants and bureaucracy.

In short, a terrible place to live. Heh.

Sprezzatura said...

as a public policy gated communities suck big time

Agreed 100%

Rob Dawg said...

While we be hatin': Mello-Roos is a travesty. The worst aspects of capitalism and bureaucracy and governance combined.

Rebecca said...

Looked up Mello-Roos because I hadn't ever heard of it, and the discussion board was filled with people who had left CA to TX or CO or were going to. Interesting.

Anonymous said...

this place is boring

ratlab said...

Here's the Folsom, CA equivalent of Riverpark. Infrastructure is finally in, but it just sits there.

http://folsomtelegraph.com/articles/2006/10/04/news/top_stories/03pal.txt

ratlab said...

Lest I forget Lent Ranch Marketplace in Elk Grove... notice the dates of these articles and still nothing has been done... I think the courts threw out the city's approval for the mall.

http://www.bizjournals.com/sacramento/stories/2000/11/20/story2.html

http://www.bizjournals.com/sacramento/stories/2000/12/04/story6.html

http://www.bizjournals.com/sacramento/stories/2000/12/11/story4.html

http://www.bizjournals.com/sacramento/stories/2001/03/19/daily1.html

http://www.bizjournals.com/sacramento/stories/2002/06/10/daily3.html

ratlab said...

I guess Lent Ranch was renamed Elk Grove Marketplace in 2005 and planned to open on Oct 17th, 2007. Yeah, like that's going to happen.

http://www.bizjournals.com/sacramento/stories/2005/06/13/story1.html