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Dear PoPville – Why is Park Place Retail Still Vacant?

by Prince Of Petworth March 25, 2013 at 11:30 am 60 Comments

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Dear PoPville,

What is the deal with vacant retail space at park place? It seems the Donatellis, who I understand received considerable tax breaks for developing park place, are now appearing a bit too greedy. I would be interested in hearing their side of the story about why they haven’t managed to place tenants in two prime end unit retail spaces, as well as from prospective retails tenants (over past years i have seen some checking it out) about why they haven’t pursued. What is informing the logic here and what say or pressure can our community apply to move the process along?

From Donatelli Development:

We continue to work with our equity partner, Canyon Johnson. Our hope is to have total control of the property as soon as possible.

Until then, we’ve asked them to approve a listing agreement for a well-known retail brokerage company to market the empty space at Park Place.

We want to get the best retail mix for the neighborhood. Hopefully, with the Safeway crane and brokers working the space we can get leases signed and build-out started sooner than later.

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