Alex, There was a mention of wanting the ability to reclaim the 2nd floor (the floor I'd be taking up front) in case they got a 1st floor retail/restaurant (higher rent) tenant who also wanted the 2nd floor. My realtor also guesses that turning the 15,000 sq ft building into multi-family housing is a possibility.
Really I love the idea of being able to rent/buy the entire building eventually, but I don't yet know if this area (Manayunk) will be able to support the concept at that scale. *Aliza Schlabach* Founder Coworking for Parents (soon to be "Juice Box") www.CoworkingForParents.com <http://www.coworkingforparents.com/> <[email protected]> 215.858.4658 Sign up for our email newsletter <http://www.coworkingforparents.com/> | Join our Meetup group <http://www.meetup.com/CoworkingForparents/> | Like us on Facebook <http://www.facebook.com/CoworkingForParents> On Mon, Aug 20, 2012 at 2:28 PM, Alex Hillman <[email protected]>wrote: > Do you have any indication from the landlord on their reason for not > providing a renewal option? > > -Alex > > -- > /ah > indyhall.org > coworking in philadelphia > > On Monday, August 20, 2012 at 1:26 PM, Aliza Torok Schlabach wrote: > > Hi everyone, > > I am curious about what kind of basic lease structures you all have (or > had when starting your spaces). There's a space I'm interested in, and I > can get a very good rate ($10/sq ft/yr, gross) for 18 months, but the > landlord will not give me any kind of renewal options... which means I > could get booted from the space after a year and a half. Right now it's the > only compelling location on the table. Since I'm trying to incorporate > child care into my plans, the space requirements are much tricker than for > straight up coworking; I've been searching for a building since March and > haven't had any luck yet. > > The landlord will pay for installing 2 bathrooms and a kitchenette (a bare > minimum to start up the space). The only other work I'd really need to do > is painting and installing some new lighting. There's another floor that I > would love to expand to if all goes well (another 5,000 sq ft with 3 > bathrooms and a kitchen)... but there's no guarantee that I'll be able to > do so. > > My real estate agent doesn't recommend doing it - she says I'm too exposed > to risk with this deal. Wanted to hear all of your thoughts... > > Thanks! > > *Aliza Schlabach* > Founder > Coworking for Parents (soon to be "Juice Box") > www.CoworkingForParents.com > <[email protected]> > 215.858.4658 > Sign up for our email newsletter <http://www.coworkingforparents.com> | Join > our Meetup group <http://www.meetup.com/CoworkingForparents/> | Like us > on Facebook <http://www.facebook.com/CoworkingForParents> > > > > -- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/coworking?hl=en. > > > -- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/coworking?hl=en. > -- *Aliza Schlabach* Founder Coworking for Parents (soon to be "Juice Box") www.CoworkingForParents.com <[email protected]> 215.858.4658 Sign up for our email newsletter <http://www.coworkingforparents.com> | Join our Meetup group <http://www.meetup.com/CoworkingForparents/> | Like us on Facebook <http://www.facebook.com/CoworkingForParents> -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
