foxystoat wrote:Janjan wrote:It's the same at Monte Azul. They built the Commercial Centre when it was rumoured more houses would be built. Bars and Grocery shops have been and gone. They even fitted one out for a Bank. Then the Bank Crisis came so no more new Property was built. These businesses need a lot of customers to make a living.
Such a pity Janjan, we live on the next estate and always fancied a walk round. Really nice urbanisation, just a pity that little section lets it down. Guessed it may have been financial crisis related.
Not sure about 'financial crisis related' but you may be right, as there are quite a number of half built or unoccupied commercial centres around everywhere - Pueblo Bravo has had a half built one for years but nearby this empty commercial centre are some restaurants and bars that seem to do as well as any others in the area.
Also the Lo marabu bar area (as it
was known) near the Laguna hotel has lots of empty commercials which have been empty, as far as I know, for more than 12 years. They are all built but only a few are occupied and some restaurants have come and gone over the years here but some of the units have never had an occupier - Rumour has it that this is due to high rents by the building company owners. However there are a number of restaurants down there that appear to do well and have been there for years. It's a mystery really as developers/Estate agent can tell us there is going to be a commercial area nearby places we are thinking of buying or renting and, if we can't see one, we can take that with a pinch of salt but when the commercial blocks are actually built and unoccupied or half built, it's very strange!
We've had discussions about this before and the consensus opinion has often been, why not rent them out at a cheaper rent to get some value from the units, instead of none, and also to help regenerate these areas and give businesses a head start? This would also give residents a better place to live instead of them having to drive everywhere.
Pueblo Bravo for instance (in dire need of a local supermarket!) has only just recently had a small convenience store open ('Jukes' Mini Market and Cafe/sandwich bar) - The very first time that there has been any type of food store in that area. This is on the side of the Olive Bar and charity shop but still no sign of the half finished commercial block being finished.
Jan