Friday, June 26, 2009
Trouble getting financing puts hiatus on development in downtown Plano
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.
posted by JM
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nina_chawla says:
SERIOUSLY, YOU'RE NOT GOING TO SAY ONE SINGLE THING ON YOUR FRONT PAGE ABOUT MICHAEL JACKSON. WHO ARE YOU PEOPLE????
Anonymous
5 months agoLink to this comment | Suggest removal
Gwen DuVal says:
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!
Staff
5 months agoLink to this comment | Suggest removal
Teresa Gubbins says:
not sure why nbcdfw is just getting around to this story since it's <a href="http://www.pegasusnews.com/news/2009/may/17/apartment-retail-complex-planned-downtown-plano-de/">more than a month old</a>. now THAT is a vicious cycle
Staff
5 months agoLink to this comment | Suggest removal
Scott Doyle says:
Fairly common problem resulting from this brutal economy.
Guess yuppies will just have to wait...
Verified
5 months agoLink to this comment | Suggest removal
alexander troup says:
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...
Verified
5 months agoLink to this comment | Suggest removal
luniz says:
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.
Anonymous
5 months agoLink to this comment | Suggest removal
Gwen DuVal says:
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.
Staff
5 months agoLink to this comment | Suggest removal
Rick Yost says:
Nina- "Michael Jackson died." Death happens.
Verified
5 months agoLink to this comment | Suggest removal
pabloindallas says:
Nina, I heard that Michael's last request was to have his ashes packaged up in a box of Rice Krispies.
Anonymous
5 months agoLink to this comment | Suggest removal
Jason Rice says:
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.
Verified
5 months agoLink to this comment | Suggest removal
alexander troup says:
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...
Verified
5 months agoLink to this comment | Suggest removal
luniz says:
I never even knew about Fusion. Too bad for me.
Anonymous
5 months agoLink to this comment | Suggest removal
Jason Rice says:
::Too bad for me.
Too bad for poor harried Ben - the former shop owner.
Verified
4 months, 4 weeks agoLink to this comment | Suggest removal
Teresa Gubbins says:
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
Staff
4 months, 4 weeks agoLink to this comment | Suggest removal