I cannot understand why someone would invest in building an art gallery in an alleyway. Not for curb appeal or sidewalk traffic. The only thing I can see that makes this property unique is it's proximity to a children's playground.
So the business that came to my mind was not child-trafficking or drugs, but real estate development. There was a developer here in NY that quietly bought up most of an industrial neighborhood and when he turned it into housing, he gave great deals to the retail spaces in the neighborhood to start getting getting people to visit. For his "anchor tenant" he gave a famous chocolate maker a long term lease where the rent was free for the first two years.
It's now a luxury neighborhood with a lot tech/internet businesses in the office spaces.
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JSchoolDropout ago
I cannot understand why someone would invest in building an art gallery in an alleyway. Not for curb appeal or sidewalk traffic. The only thing I can see that makes this property unique is it's proximity to a children's playground.
AreWeSure ago
Art galleries don't rely on foot traffic. Just like small scale concert venues don't. You go to the neighborhood, because you like the show.
Like espresso shops an art gallery is a signal a neighbor hood is changing
AreWeSure ago
So the business that came to my mind was not child-trafficking or drugs, but real estate development. There was a developer here in NY that quietly bought up most of an industrial neighborhood and when he turned it into housing, he gave great deals to the retail spaces in the neighborhood to start getting getting people to visit. For his "anchor tenant" he gave a famous chocolate maker a long term lease where the rent was free for the first two years.
It's now a luxury neighborhood with a lot tech/internet businesses in the office spaces.