Downtown Grocery Store coming soon
BlogKC reports that the downtown Cosentino’s grocery store has pushed back their opening date until January. Let’s hope we actually see that date – downtown needs it. Not only for those poor souls who must travel far and wide for their groceries, but to increase the legitimacy of downtown as a viable residential district. I hope and believe that once it opens, it will breathe some life into downtown and condo and residential sales will gradually pick up. We need it, sales are soft and slow now. There are currently 574 condos and townhomes for sale in the downtown area (crossroads, city market included), while only 183 have managed to be sold in the same area this year. That’s pretty ugly… And of course all this is not the fault of missing groceries. Obviously we have a huge inventory in a small area and we are in an economic downturn, but the store will help and that is something we need.
Interesting stats. The Star recently had a story about how the Downtown market has shifted dramatically towards rentals this year, and there are waiting lists more many apartment buildings. I know at least a couple of condo projects have switched to rental, and wouldn’t be surprised if more do so soon.