Just learned last night that the just vacated WalMart space at 91st & Memorial is to be retrofitted into three smaller lease spaces.
Seems WalMart has the space leased until 2010 and one of the children of the property owner has married into the WalMart dynasty.
The idea it seems is for there not to be any possibility of competition with the Walmart grocery at 81st and Sheridan and the new super center on South Memorial.
I sincerely hope that some grocery store pushes them out of the competition. Although, I don't see that happening anytime soon.
Can't say I disagree. About all we have in our locale anymore is Albertson's and Reasors.
Walmart recently began giving our checks back to us at the checkout instead of running them through. That really complicates our bookkeeping so we resolved to give Reasor's a strong test. So far not too bad.
So does this mean the owner has already found a tenant for each of these spaces through 2010, or simply that Wal-Mart's lease expires in 2010 and that they are still looking for tenants to fill the spots through a sub-lease?
I have a question. Didn't the government just announce a couple of years ago that a city or government can use imminent domain to buy a person home for the economic gain or something like that? What would be the difference if this owner of this shopping center had a viable option that would allow economic gains for the area? Would they be able to use some sort of imminent domain on leased property? Or is the new law just for residential homes?
Sorry for the sort of sloppy question but I am not to edu-ma-cated on imminent domain. lol![:P]
When one surfs on this form there is such a collections of ideas that lack the projecting of what we are expected to accomplish in the future.
The minimum wage is being paid at many places. In Oklahoma the unemployment tax is accessed against the employer. A student leaving school must have had a job I believe before he is can to draw unemployment. Much of the working force are paid by the taxpayer's monies. Those in the $100,000 + brackets are birth to grave bureaucrats. The wealth of the nation, the real money seems to be in the off shore banking. [IRS v Holman] some years back. Wal-Mart maintained a house on the street back of me. It had a large sitting room and kitchen facilities on each end along with bedrooms. It was maintained temperature wise the year around. It's purpose would seem to be used instead of Hotels. In the two years before they abandon it the lights were on two nights. They have many building around that are vacant. It seems they will not rent or lease to anyone that will compete with them. [cannot recall what they do not sell] When they eliminate all competition do you think they will continue to sell cheap? Tulsa's third runway was financed by WM but it is in Arkansas. I was told that they fly the daily receipts to place where they are counted.
It is a great country that so many of us were assigned to. It is also a great country for many immigrants, legal and illegal who work for the minimum wage,
quote:
Originally posted by bacjz00
So does this mean the owner has already found a tenant for each of these spaces through 2010, or simply that Wal-Mart's lease expires in 2010 and that they are still looking for tenants to fill the spots through a sub-lease?
No, my contact who is a tenant in that center told me WalMart was breaking it up to prevent any big box competition. Real pricks to coin a phrase. As far as he knew there are no tenants.