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In 2 years, there will be 4.5 million sq. ft. of retail at the corner of 1604 and 10. That's more than San Pedro and 410 right now and even when they finish Park North Plaza at the site of the old Central Park Mall.
All an ESPN or FSG needs is foot traffic, which is why they're put where they are.
Whether that foot traffic is because of a sports arena[s] or a very busy shopping area, it doesn't matter.
That's like saying a Hard Rock Cafe needs to be put in a city that has a lot of local bands that are big and popular in mainstream or it has to be next to a concert venue.
Las Vegas has one and it has ZERO professional teams. What it does have is a lot of foot traffic.
Atlanta's ESPNZone is located 7 miles north of their downtown in the area of Buckhead. A very heavily trafficked area. It would be like putting a ESPNZone at or near North Star Mall.
Last edited by Buddy Holly; 06-09-2006 at 03:47 AM.
In 2 years, there will be 4.5 million sq. ft. of retail at the corner of 1604 and 10. That's more than San Pedro and 410 right now and even when they finish Park North Plaza at the site of the old Central Park Mall.
Last edited by Buddy Holly; 06-09-2006 at 04:04 AM.
The one around Wurzbach and 10 - almost across the street from Golden Wok.
I know that I wouldn't have to pay 750K upfront. But even the lease situation of 7-8K a month is too much when your business likely won't even be profiting within it's first six months to a year. It's a risky venture. And since, I wouldn't want partners, we would start on a smaller scale than 7-8K just to lease a building. There's so many costs in running a bar/restaurant, I'd want much lower overhead on renting a space.
Investing in a restaurant is by far one of the worst investments I can think of. THeres a reason that chain stores are dominating now and it is mainly because of the requirements of starting up a business and keeping it from going under while running in the red for such a long time.
I know its the last place I'd try and put my money.
Buddy you trying to make an orangapple with that Northwest cooridor idea. Atlanta's situation is prime for restaurants because of the city's entertainment models that are in place and the fact that many of the areas off of buckhead and peachtree cooridors are well developed. the Rim is not fully developed in comparison.
The one thing you are right on is the foot traffic. but again you are trying to compare San Antonio, which is still very much considered a small town environment, to cities of entertainment like Vegas. The Zone there is next to a hotel, New York, New York and they make no mistake in promoting it as part of their hotel.
And if you're talking about Hard Rock, there's a reason why that restaurant is not doing as well as it used to. Take it off the River Walk locale and it's shut down. Remember Planet Hollywood?
The reason why I'm even bringing this up is because I've already had some discussions about one with other friends and I've talked to the old man about it. His expertise is restaurants and their location and viability. There are things that he's told about on a deal for a Zone that I had never even thought of when it comes trying to look at a restaurant.
it's not the worst investment to do. What you have to do is have a concept that is rock solid and a track record of having success running one. I've got a friend of mine that has the franchise rights to two Buffalo Wow locations. It's just that people who don't have large sums of capital or liquid assets think they can start up a restaurant on hard work and sweat. That worked in the 60s but this is 2006; things have changed.
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