Thursday, August 5, 2010

Summer 2010 update

After a long summer of non-blogging, here's a quick back-to-school update of what's been making headlines in the Marin retail world.

Starting today with a little news story in the Marin IJ about the City of Corte Madera's commercial real estate investment portfolio. Yes, that's right, this small city of approx 9,000 people decided it was a good idea to become a landlord, paying $10m for the Park Madera shopping center at the peak of the market in 2006. Come 2010 and the rent doesn't over the debt service on the city's bond. The city originally purchased the center as a possible site for a new recreation center, however, the recent construction of a new Bank of Marin branch suggests it will remain as a retail center for the foreseeable future.

In Tiburon, the owner of Woodlands Market announced his intention to have the new store in Tiburon open by March 2011. The store will be 12,000 sq.ft, which is larger than the existing Boardwalk Market, which will close before construction starts later this year. The redevelopment will also include the addition of a pharmacy, the first one in Tiburon for several years.

A few photos snapped from around the county:

First, I liked Mi Pueblo, the Hispanic market in San Rafael's Canal neighborhood. Offers a different selection from my usual grocery stores.
Also visited the new Whole Foods at the Alto Center in Mill Valley. Yes, it's expensive, but I do like shopping there: great food and a fun shopping experience.

Over at the Village at Corte Madera there are new Teavana and Brookstone stores, while Martin & Osa and Elegant Living Furniture closed their doors for the last time.
And what are they thinking at Restoration Hardware? The latest refurbishment of their store is in the style of a 13th century European castle, complete with stockade and banqueting hall.

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