Wednesday, December 23, 2009

Pair target vacant downtown Tacoma space to encourage property owners to offer free or decreased rent

"We need to decrease the supply of vacant (retail) space. That's why we are trying to do this," Dominic Accetturo, a commercial real estate broker with GVA Kidder Mathews, said last week.

Accetturo has been talking to downtown property owners and managers. His partner in the project, Patricia Lecy-Davis, owner of Embellish Salon and president of the business group Go Local, is charged with recruiting businesses that may be interested in such a deal.

Lecy-Davis said that while there's a focus on recruiting larger businesses to the downtown core – the key lies in filling in the smaller vacant spaces.

"Until we fill the pockets with unique offerings and (create) some energy, there isn't going to be a reason for someone to locate here," she said.

She envisions filling the space with groups of artists selling their wares, local T-shirt and fashion designers, or farmers-market merchants looking for a winter venue.

[full article]

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