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Showing posts from November, 2008

Tallahassee Manor @ Midtown: Pedestrian by Day; Vehicle by Night

In 2003 Talcor Commercial Real Estate Services, Inc. decided to attempt a pedestrian friendly destination spot on the corner of East 5th Avenue and Thomasville Road in Tallahassee, Florida approximately one mile from the downtown complex. The plan was to renovate and convert an existing 21,000 square-foot furniture store, complete with loading bays, to a retail center that would include high-end, sit-down restaurants, smaller casual and fast food shops and small retail stores. The Parking Problem The challenge lay with the availability of parking, and convincing potential tenants that a retail center that would rely mainly on pedestrian traffic during daytime hours could not only survive, but be successful. Only eleven spaces were available in the existing parking lot for the furniture store. While Talcor owned adjacent office complexes with parking for 205 vehicles, only 25 to 30 spaces were available in that lot during the day until 5:00 PM. In order to compensate for lack of pa...