Originally Posted by
Pete Brzycki
Yes, this is all very strange.
But obviously, CHK did not want Crescent there otherwise they could have easily helped them renovate their space. They said they made that offer but Crescent couldn't afford the adjusted rent.
But if they are trying to lure a new operator to that space, there will have to be all types of incentives otherwise why would anyone choose to go in there? You've got WF two blocks away and Sunflower within two miles and there doesn't seem to be any real demand for another grocer in that area.
And you force the much-loved drug store to shut down just so you can have someone else operate a lunch counter?
And you recruit Whole Foods with big subsidies then orchestrate a competitor almost right next door?
One of these days there will be a book written about Chesapeake and all their bizarre, secretive and expensive real estate and business moves. For now, everyone involved is making money off of them so nobody is going to say anything.
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