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Friday, June 26, 2009

Trouble getting financing puts hiatus on development in downtown Plano

By Pegasus News wire

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Developers and merchants are holding on by their fingernails.

Developers and merchants are holding on by their fingernails.

It's a vicious cycle.

Developers were set to build a mixed-use facility near the DART station in downtown Plano that would include 230 apartments and 15,000 sq. ft. of retail. But they've had to put their plans on hold due to a lack of available financing in today's tough economic climate.

That's led area retailers to bemoan the fact that their businesses will continue to suffer until the influx of new tenants (and shoppers) takes place.

With the economy, it's always something.

View more news videos at: http://www.nbcdfw.com/video.

posted by JM

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Comments

nina_chawla

nina_chawla Anonymous

SERIOUSLY, YOU'RE NOT GOING TO SAY ONE SINGLE THING ON YOUR FRONT PAGE ABOUT MICHAEL JACKSON. WHO ARE YOU PEOPLE????

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Gwen DuVal

Gwen DuVal Staff

I do think the video is misleading since the new development was not going to replace any of the locations shown in the video. It was replacing an older strip mall west of the Dart tracks. When I drive home in the evening down 15th Street, all of the restaurants etc on 15th are doing a booming business. Actual pedestrians can be seen on the street..Wow!

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Teresa Gubbins

Teresa Gubbins Staff

not sure why nbcdfw is just getting around to this story since it's more than a month old. now THAT is a vicious cycle

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Scott Doyle

Scott Doyle Verified

Fairly common problem resulting from this brutal economy.

Guess yuppies will just have to wait...

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

alexander troup

alexander troup Verified

Nina has a point....and those in reserved motion or restricted silence for the Pop Icon or they just dont care....She has a point too ...The obit for anyone is not really making news here.....sorry Nina I tried last night....A/T,...Prospector from the Dallas Zoo...

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

luniz Anonymous

i wish there was a place in downtown plano worth hanging out at, like a good coffee/espresso place. some place that doesn't require you to purchase alcoholic beverages that is.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Gwen DuVal

Gwen DuVal Staff

There was one on K,a block off of 15th, that closed to due lack of interest on the part of patrons...as in not enough people walked in the door and bought things. Such a simple concept capitalism, the devil is in the execution.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Rick Yost

Rick Yost Verified

Nina- "Michael Jackson died." Death happens.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

pabloindallas

pabloindallas Anonymous

Nina, I heard that Michael's last request was to have his ashes packaged up in a box of Rice Krispies.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Jason Rice

Jason Rice Verified

Yeah, Gwen, Fusion was a nice unloved little spot. (sigh). Now it's Bake Rejoice - nice custom cake shop, but nope, not a hang-out.

Ironically, all the new bar owners say the exact same thing as Luniz.

Hang tight all - it's gotta be just around the corner.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

alexander troup

alexander troup Verified

Back to Plano, one does agree while I dont hang out in Plano...It does need a Community placement if that is what your are realizing LUNIZ,

I went there some months back to an art show and said, is this Plano today......and Sorry about yesterday comment with Nina... which I have gone over today.. the wordsmith's poor luck,while it is how many degree's yesterday and today....A/T, When it gets too hot in the ketchen get out...

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

luniz Anonymous

I never even knew about Fusion. Too bad for me.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Jason Rice

Jason Rice Verified

::Too bad for me.

Too bad for poor harried Ben - the former shop owner.

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

Teresa Gubbins

Teresa Gubbins Staff

and before Fusion moved in, that space was occupied by Coffee Haus, the local chain-let that preceded the arrival of Starbucks in the DFW area; Coffee Haus struggled to make a go of it in that area for quite a few years

i used to make an effort to support Fusion but the one drink i would try to buy there -- basically a green tea frappuccino -- they never had the right ingredients for it

4 months, 2 weeks ago ( Link to this comment | Suggest removal )

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