Downtown HMB suffering along with the rest of us

posted by Barry Parr on Jan 15, 2009 at 05:37 pm in  Business
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Downtown landlords have been working with tenants to cope with the recession, reports Julia Scott in the County Times. 

Burlingame attorney Joe Cotchett, who owns seven buildings in town, actually lowered the rent for all his tenants by 10 percent last August. He will be lowering it at least another 10 percent through January 2010, he said on Tuesday. ...

Half Moon Bay real estate magnate Keet Nerhan said he has already lowered the rent for his tenants on Main Street and at the new Harbor Village Complex in Princeton, where 50 percent of his retailers have bailed on their commitment to lease a space in his indoor mall. He is also now waiving the monthly rent for several tenants. ...

Robin Jeffs, [Tu Pueblo Imports’] former landlord, has had trouble filling two of the three storefronts in his Francis Building since the tenants moved on.

“The story of high rents on Main Street is not the problem. The problem is the combination of not enough stores and not the right stores,” said Jeffs. “We’ve not been able to raise rents in the last five years and now we’re having to reduce them, and reduce them quite sharply.”

Comments

Comment 1 by Anneliese Ågren  on  Jan 15  at  9:55pm  •  All my comments • 

Why doesn’t someone ask the psychic on Main Street about what businesses would be great investments for downtown?

Speaking to Jeffs’ point of having “not enough stores and not the right stores” downtown, I’d have to agree.  I think this thread has already been covered here on Coastsider a few years back.  I believe the request was made for more stores that support locals’ needs, so that locals will support the stores, and to cut back on the tourist-type stores.  I believe the term “Carmelization” was often tossed about in that thread with heavy emphasis that we do not need any corporate-chain stores.

It would be nice to have along Main Street:

A dry cleaner, an ice cream shop, a great hamburger place (I’d been enjoying Cetrella’s fabulous, but pricey, $13 burger, but even they’ve closed), a dvd rental store, a cheap but tasty taqueria, a pharmacy, and even, a store that sells the right-sized vacuum filters.  :)

I know there are places elsewhere coastside that take care of some of these requests, but I’m talking just Main Street here.

The shops remaining on Main Street do work for locals, (aka: “the right stores”), and I truly hope they all survive this stretch we’re facing.  I find it completely possible to frequent these locally-owned businesses and not feel any need to drive over the hill or into Santa Cruz - except for those darn vacuum filters.

Comment 2 by Tammy Lee  on  Jan 17  at  11:08am  •  All my comments • 

Seems like some of the other shopping areas in HMB outside Main St have more practical stores for locals.

Living in Montara, going to Pacifica was always more convenient than HMB.  Plus, when the slide closed, I grew to hate that drive down 1 and over 92 to reach my job in SF. 

Anyways, I now like going to HMB simply because New Leaf opened.  The quality and selection of their produce, and other food items, is great.  I have tied my trips to HMB to include other places I frequent now, too (banking, library).

 

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Poetry Night at HMB Library, Fri, Sept 10

Letter by Joe Toschik on Wed, Sep 1 at 07:41 pm • 0 comments; click to add your own

Everyone is invited to a night of poetry at Half Moon Bay Library on Friday, September 10th at 7:00PM.  Join us as we celebrate the participants in our 13th annual Teen Poetry Contest.

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Letter by Tim Payne on Fri, Aug 27 at 10:50 pm • 3 comments; click to add your own

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Letter by Margot Lowry on Mon, Aug 23 at 09:14 am • 3 comments; click to add your own

In the past month my housecat has been severely sliced up twice.  I wondered if a bobcat and he now had overlapping territories.  Then yesterday afternoon I found this hybrid cat, (I believe it is a Savannah cat which is a hybrid between a Serval and a housecat) just outside my front door. 

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All About Me Retreats
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Center for Personal Growth
Coastside Children’s Programs
Coastside Horse Council
Coastside Net, Half Moon Bay
Coastside Pediatrics, Half Moon Bay
Coastside Stuff, T-shirts & apparel, Half Moon Bay
COGL Communications, El Granada
Colquhoun Glass Works, El Granada
Custom Cabinet Refacing, Half Moon Bay
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Gruber Construction
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HMB Library, Half Moon Bay
KCD Construction, Half Moon Bay
Marian Bennett, Coldwell Banker, Half Moon Bay
Michael & Kathy Rain, Coastal Real Estate, Montara
Montara Beach Coalition
Montara Dog Blog
Montara.com, Montara
Moonside Bakery and Cafe, Half Moon
Next Step English, Half Moon Bay
Pacifica Gardens, Pacifica
Pacifica Riptide, Pacifica
Patricia McKowen Consulting, Half Moon Bay
Pillar Ridge Manufactured Home Community, Moss Beach
Pragmatos
Pt. Montara Lighthouse Hostel, Montara
Regan Daniels, Photographer
Robertson, Bell & Fisher, Coldwell Banker, Half Moon Bay
Rubber Nation Crafts, Half Moon Bay
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San Mateo - SF Counties Cooperative Extension
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