Cozy Tea pushed out because of extreme rents

Started by mtraininjax, June 22, 2017, 08:25:20 AM

mtraininjax

Ever wonder what the rents are like in the busy 5 Points area? Look at this link on Loopnet to get an idea of why the popular, to many locals, Cozy Tea was told to hit the road "Jack", with this link to the space and rent at $30 / sq ft.

http://www.loopnet.com/Listing/20318046/1023-Park-Street-Jacksonville-FL/

You need to sell a lot of tea to cover the $7000 per month rent bill.

And, that $115 will save Jacksonville from financial ruin. - Mayor John Peyton

"This is a game-changer. This is what I mean when I say taking Jacksonville to the next level."
-Mayor Alvin Brown on new video boards at Everbank Field

MusicMan

If they only added craft beer and hard liquor to the menu, they could stay!

vicupstate

Quote from: MusicMan on June 22, 2017, 09:41:59 AM
If they only added craft beer and hard liquor to the menu, they could stay!

Perhaps Long Island Ice TEA
"The problem with quotes on the internet is you can never be certain they're authentic." - Abraham Lincoln

remc86007

Any idea where they might move? Springfield or Murray Hill maybe? Tea places are often somewhat of a destination thing (people will drive specifically to them), so I can see it making it on Main Street somewhere.

Non-RedNeck Westsider

Quote from: MusicMan on June 22, 2017, 09:41:59 AM
If they only added craft beer and hard liquor to the menu, they could stay!

Or nightly dinner options....
A common mistake people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools.
-Douglas Adams

Rynjny

I think thats good for 5 point, it need more businesses that open late.

johnnyliar

If Cozy Tea wanted to do more business and stay in 5 Points maybe they should have stayed open longer than 4 hours a day.

Elwood

I'd have to agree; if you want to set up shop where the rent rates are bound to be on the high side, then choose to only be open 4 hours, you kind of invited yourself to hit the road.

FlaBoy

Agreed. Bring back O'Brothers LOL. The big space on the corner where Fan and Stoves used to be is still open. Anyone know if there is any movement there?

Rynjny

#9
5 point need more restaurants and bars and less of those sneaker shop, new leaf place and salon.

FlaBoy

Quote from: Rynjny on June 22, 2017, 04:51:08 PM
5 point need more restaurants and bars and less oft hose sneaker shop, new leaf place and salon.

The New Leaf Vapor space really is a waste. That space would be a great restaurant/bar spot with parking right there. They could easily be in a smaller space since no one hangs out and smokes there. They seem to do good business but it is not a hang out.

johnnyliar

Quote from: Rynjny on June 22, 2017, 04:51:08 PM
5 point need more restaurants and bars and less oft hose sneaker shop, new leaf place and salon.

While this was hard to read, I think I disagree with you. Retail and Salons drive foot traffic and are great additions to the block.

Rynjny

Quote from: johnnyliar on June 22, 2017, 05:14:53 PM
Quote from: Rynjny on June 22, 2017, 04:51:08 PM
5 point need more restaurants and bars and less oft hose sneaker shop, new leaf place and salon.

While this was hard to read, I think I disagree with you. Retail and Salons drive foot traffic and are great additions to the block.

Foot traffic? how many of those places are open after 5pm?

ProjectMaximus

Quote from: FlaBoy on June 22, 2017, 04:49:05 PM
Agreed. Bring back O'Brothers LOL. The big space on the corner where Fan and Stoves used to be is still open. Anyone know if there is any movement there?

I haven't tried to get an update in awhile, but last I heard was supposed to be a fairly well-known local restaurant moving in.

Quote from: johnnyliar on June 22, 2017, 05:14:53 PM
Quote from: Rynjny on June 22, 2017, 04:51:08 PM
5 point need more restaurants and bars and less oft hose sneaker shop, new leaf place and salon.

While this was hard to read, I think I disagree with you. Retail and Salons drive foot traffic and are great additions to the block.

Yeah I would agree too. Most blocks of Manhattan (and other vibrant, walkable environments) have a diverse mix of establishments. If you have a nightlife district with a row of bars and clubs, which can be nice in certain scenarios, then you're left with little morning/daytime vibrancy.

ChriswUfGator

Quote from: johnnyliar on June 22, 2017, 02:38:44 PM
If Cozy Tea wanted to do more business and stay in 5 Points maybe they should have stayed open longer than 4 hours a day.

That was absolutely their issue. Every time I tried to go it was closed.