[UC] Another example of the misguided planning by the self-anointed

[Krfapt]

From Monday's DP:
 
Another example of the best laid plans of mice (the Penn Real Estate Dept)  
and men going awry. Penn's criteria for pricing and finding tenants for 
their  retail spaces have created a revolving door in many cases. This, on top 
of  providing an example for the impressionable undergrads of that venerable 
 institution about the types of businesses worthy of their patronage. 
Townies  trying to bootstrap themselves into business by the sweat of their 
brows 
need  not apply.  

Well, one can hardly expect anything worthwhile from planners in  general 
and from the wonderful folks who tried to bring the neighborhood the  
extended stay hotel at 40th  Pine in particular.
-


Alan Krigman
KRF Management, ICON/Information Concepts  Inc
211 S 45th St, Philadelphia PA 19104-2918
215-349-6500, fax  215-349-6502
krf...@aol.com or _al.krigman@krf.icodat.com_ 
(mailto:al.krig...@krf.icodat.com)  
  


 
 
Marathon Grill at 40th and Walnut closed
by _Grace  Ortelere_ 
(http://www.dailypennsylvanian.com/author/grace-ortelere)  | Monday, May 23, 
2011 at 6:34  pm 
 
 
 
 
Many students may be sad to learn the University City  location of the 
restaurant Marathon Grill and its lounge MarBar closed their  doors on Monday.



 
The Marathon Grill located at 200 South 40th Street decided not to renew 
its  lease due to declining business over the last few years, Penn’s Executive 
 Director of Real Estate Ed Datz said in a statement. 
The University City Marathon Grill opened in 2004, replacing a Burger King. 
 “When they came to this location, they brought a renewed vitality to the 
40th  Street corridor, improving the economy, the activity, and safety of the 
area in  conjunction with other neighborhood development in West 
Philadelphia,” Datz  said. 
According to Datz, the University is in the process of searching for a  
proprietor to replace the retail space. 
Marathon Grill has five other locations throughout the city which will stay 
 open, Datz said. Its restaurant at 929 Walnut Street has an affiliated 
lounge,  Upbar. 

Re: [UC] Another example of the misguided planning by the self-anointed

[Glenn moyer]

Yes, all of those campus corridors are a revolving door for businesses! Marathon Grill lastedlonger than most.
According to a UCD executive, "people" didn't go west of 43rd St before 2003. I wonder how all those long term businesses beyond 43rdhave survivedbeyond "people" andPenn's magic? According to all the Penn research, graphs, and press releases only their type ofdomination and high prices can"revitalize" a neighborhood. Hmmm.
Penn doesn't care when they lure businesses to overpriced leases by telling them they've created the new Rodeo Drive. If one of our neighbors wants to start a business on one of those revolving door corridors, please ask them to get their head examined!


-Original Message- From: krf...@aol.com Sent: May 24, 2011 8:11 AM To: UnivCity@list.purple.com Subject: [UC] Another example of the misguided planning by the self-anointed 
From Monday's DP:

Another example of the best laid plans of mice (the Penn Real Estate Dept) and men going awry. Penn's criteria for pricing and finding tenants for their retail spaces have created a revolving door in many cases. This, on top of providing an example for the impressionable undergrads of that venerable institution about the types of businesses worthy of their patronage. Townies trying to bootstrap themselves into business by the sweat of their brows need not apply. 

Well, one can hardly expect anything worthwhilefrom planners in general and from the wonderful folks who tried to bring the neighborhood the "extended stay hotel" at 40th  Pine in particular.
-Alan KrigmanKRF Management, ICON/Information Concepts Inc211 S 45th St, Philadelphia PA 19104-2918215-349-6500, fax 215-349-6502krf...@aol.com or al.krig...@krf.icodat.com





Marathon Grill at 40th and Walnut closed
by Grace Ortelere | Monday, May 23, 2011 at 6:34 pm





Many students may be sad to learn the University City location of the restaurant Marathon Grill and its lounge MarBar closed their doors on Monday.

The Marathon Grill located at 200 South 40th Street decided not to renew its lease due to declining business over the last few years, Penn’s Executive Director of Real Estate Ed Datz said in a statement.
The University City Marathon Grill opened in 2004, replacing a Burger King. “When they came to this location, they brought a renewed vitality to the 40th Street corridor, improving the economy, the activity, and safety of the area in conjunction with other neighborhood development in West Philadelphia,” Datz said.
According to Datz, the University is in the process of searching for a proprietor to replace the retail space.
Marathon Grill has five other locations throughout the city which will stay open, Datz said. Its restaurant at 929 Walnut Street has an affiliated lounge, Upbar.


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