With Ritchies now gone from our Somerville landscape what companies should we contact to consider leasing the former General store site located at 2 Eramosa Road East, Somerville?
At our recent SBG meeting Aled Roberts undertook to follow up with Henry’s
Mercato to establish their level of interest in the Ritchies site. A number of
posts had been recorded on social media suggesting them as a potential tenant.
New member, Chris Capponi of Mortgage Choice, provided contact details for
Desmond Hopwood, one of the owners.
We had a good conversation as follows:
Des confirmed he was aware the site was available and that they had
considered it; but
They are unlikely to proceed for the primary reason that the location, as a
stand-alone store, is not consistent with their strategy of co-locating with
other stores (eg Bentons Square, Bayside Mall etc); and
The current economic environment and difficulties in getting staff are also
not conducive to opening a new store.
Where to next in finding a tenant for this important Somerville building – your
thoughts?
What would make it attractive to a potential tenant in the current economic
environment?
What retail stores/other services do we need in Somerville that could make for
a good business investment?
Somerville Business Group will contact anyone that you may think fits the bill in opening in Somerville, please let us know your thoughts.
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