From Thrift to Spiff in Hillcrest
Apartments to take place of Thrift Trader building
Thrift Trader
preps to move out, corner of University Avenue and Centre Street
The building in
Hillcrest that previously housed Legends Furniture store, then a Revivals
thrift shop, and currently a Thrift Trader, will be razed. No demolition date has been set.
Property owner FoundationForForm, a San Diego architecture and
development firm, will design and build an apartment project on the site,
located at 1644 University Avenue.
Thrift Trader closed for
a month after a mezzanine collapse in
June. The building is in poor condition, said FoundationForForm partner Mike
Burnett. The billboard on top of the building will be removed “very soon.”
Thrift Trader has been renting on a month-to-month basis, he said.
“Although we
don’t have a final schedule or exact final design, we continue to work on ideas
and will be sharing more info as soon as we have it,” Burnett added.
Luke Terpstra,
chairman of Hillcrest Town Council, said that city permits have been pulled for
a four-level mixed-use commercial and multifamily structure.
“We will
welcome a project like this one, and continue to hope and work for a better
Hillcrest,” Terpstra said.
An employee at
the Thrift Trader said the store had shown interest in the empty former Wang's
Restaurant in North Park, but the asking rent was too high. Thrift Trader's
former store site at 3939 Iowa (just off University Avenue) has a senior
housing project under construction. Another store is at 2947 El Cajon
Boulevard; two more are in Ocean Beach and Pacific Beach.
Thrift Trader
is copying Revivals' shutdown playbook, increasing the percentage off each
week, starting at 20 percent. By December, all items will be a dollar each, or
less in bulk. The store's last day in business is December 28.
FoundationForForm is now building residences on 30th
Street in North Park, at the former site of Crazee Burger (which moved down the
street). They previously completed the You Got Mail mixed-use project at the
former North Park post office.
DISCLAIMER: This blog/article
has been curated from an alternate source and is designed for informational
purposes to highlight the commercial real estate market. It solely represents
the opinion of the specific blogger/author and does not necessarily represent
the opinion of Pacific Coast Commercial.
All content provided
on this blog is for informational purposes only. The owner of this blog makes
no representations as to the accuracy or completeness of any information on this
site or found by following any link on this site. The owner of will not be liable for any
errors or omissions in this information nor for the availability of this
information. The owner will not be liable for any losses, injuries, or damages
from the display or use of this information.
Keywords: San Diego Commercial Real
Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In
San Diego, San Diego Investment Real Estate, Commercial Property Management In
San Diego, San Diego Commercial Property Management, Commercial Property
Management San Diego, Managed Commercial Property San Diego, Commercial
Property For Sale San Diego, San Diego Commercial Real Estate Leasing
Comments
Post a Comment