What's Going On At The Old Block Buster Building?
#1
Posted 02 June 2008 - 12:07 PM
Yesterday as I was going by the old block buster building on Riley near Walmart there were signs for a Book Sale and a bunch of tables and books inside with people buying stuff etc.
Today I went by and its completely empty and no signs anymore
What the heck was that? Did some place rent the building for a day to hold a book sale?
Travel, food and drink blog by Dave - http://davestravels.tv
#2
Posted 02 June 2008 - 01:04 PM
Yesterday as I was going by the old block buster building on Riley near Walmart there were signs for a Book Sale and a bunch of tables and books inside with people buying stuff etc.
Today I went by and its completely empty and no signs anymore
What the heck was that? Did some place rent the building for a day to hold a book sale?
I don't know but you don't have to look hard to find empty retail space around town. The new center by Winco, empty, new center by the High School, one dentist office rest empty, YET another strip plaza going up on Iron Point towards Oak, gonna be empty. What is the deal? Were all these the end of the city's "development income" that's now gone causing budget crisis?
#3
Posted 02 June 2008 - 01:29 PM
I fully agree - there are way too many empty places around. One place that I passed and thought about today was that small strip mall on Glenn and Sibley, it's been there for over a year or so and remains empty to this day.
Why do developers continue to build places that won't lease? are they planning for the future 10 years from now?
This is the only part of Folsom that I don't like is the overzealous developers building too much stuff that never gets occupied. Those buildings by WinCo look really nice, beautiful water falls and landscaping and all but it doesn't look like anything is going in there anytime soon
Travel, food and drink blog by Dave - http://davestravels.tv
#4
Posted 02 June 2008 - 02:57 PM
#5
Posted 02 June 2008 - 03:03 PM
hey thats really cool! Thanks for posting this info
Travel, food and drink blog by Dave - http://davestravels.tv
#6
Posted 02 June 2008 - 03:08 PM
Why do developers continue to build places that won't lease? are they planning for the future 10 years from now?
This is the only part of Folsom that I don't like is the overzealous developers building too much stuff that never gets occupied. Those buildings by WinCo look really nice, beautiful water falls and landscaping and all but it doesn't look like anything is going in there anytime soon
I think the one at Glenn & Sibley is already going through foreclosure.
They are building more in front of Winco too. I guess they are gluttons for punishment!!!
#7
Posted 02 June 2008 - 03:11 PM
They are building more in front of Winco too. I guess they are gluttons for punishment!!!
Good gosh, thats crazy! Do they get some kind of huge tax write off's for these losses?
Travel, food and drink blog by Dave - http://davestravels.tv
#8
Posted 02 June 2008 - 03:13 PM
#9
Posted 02 June 2008 - 03:23 PM
Any of you city insiders out there? Would something like this have any chance at all??
#10
Posted 02 June 2008 - 05:39 PM
Any of you city insiders out there? Would something like this have any chance at all??
They really wouldn't have to do that. The city council could "just say 'no' " for awhile.
I am becoming more and more irritated about how the council is allowing this city to become like Hayward.
#12
Posted 02 June 2008 - 09:43 PM
Just think if you were a developer. You buy the land and the city tells you you can't build your building, which conforms to the rules.
That's a lawsuit waiting to happen.
This is capitalism at its best. People put their money on the line and take a risk. Sometimes it pays off, sometimes it doesn't.
Steve Heard
Folsom Real Estate Specialist
EXP Realty
BRE#01368503
Owner - MyFolsom.com
916 718 9577
#14
Posted 03 June 2008 - 06:19 AM
Yeah, I see what you mean.... Folsom's so Hayward now.
Actually I was thinking more that Folsom is being turned into Roseville
Travel, food and drink blog by Dave - http://davestravels.tv
#15
Posted 05 June 2008 - 11:12 AM
Just think if you were a developer. You buy the land and the city tells you you can't build your building, which conforms to the rules.
That's a lawsuit waiting to happen.
This is capitalism at its best. People put their money on the line and take a risk. Sometimes it pays off, sometimes it doesn't.
I understand that but many of these new developments require rezoning and special funding deals that the council is willing to bend over for because they're told of all the revenue it will bring...
If it's already zoned that way and they're willing to pay the going rate for development, then fine let them build. But I think that is likely the exception rather than the rule. The land is bought on speculation that with enough lobbying, they should be able to build whatever they'd like.
Unfortunately the General Plan is routinely modified, and never for more open space but for higher densities, etc.
This whole model of relying on development money is biting the city in the butt right now.
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