[RP TownTalk] What grocery store?

[Chris Currie]

Beware the 'bait and switch.'

Too soon to tell, but one thing's for certain: Once the rezoning is
approved, the strength of Cafritz's and Whole Foods' negotiating positions
with respect to each other changes dramatically.

Up 'til this time, Cafritz has been almost completely dependent on Whole
Foods' participation in the development proposal.  I wouldn't be surprised
if the latter was offered a $1/year lease; certainly, some kind of
sweetheart deal would have been necessary to lure Whole Foods so far away
from its standard marketing demographic criteria.

With the property rezoned, Cafritz doesn't need Whole Foods and might find
another tenant willing to pay more to anchor its commercial component.  A
Letter of Intent (as I'm presuming is the nature of whatever agreement the
two parties have at this point) is never iron-clad.

If we hear from Cafritz in the days ahead, particularly after final
approval of the development plan, that Whole Foods' "demands" have
increased or become more unreasonable, we should definitely take it with a
grain of salt.

Chris Currie
Hyattsville


Message: 3
Date: Sat, 14 Apr 2012 08:27:56 -0700 (PDT)
From: Melissa Avery <m.avery at rocketmail.com>
To: "towntalk at riverdale-park.org" <towntalk at riverdale-park.org>
Subject: Re: [RP TownTalk] What grocery store?
Message-ID:
       <1334417276.62493.YahooMailNeo at web162106.mail.bf1.yahoo.com>
Content-Type: text/plain; charset="iso-8859-1"

So, Whole Foods has not?officially?announced?their?withdrawal?from the
project
>From what I understand Whole Foods originally?put conditions on whether or
not they would continue with the?development.
I guess the truth will come out in the cross examination?process in front
of the county council.?
Melissa
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