The CSUEB Pioneer reported in this past Thursday's edition the closing of The Shark Shack on B Street. Apparently the outgoing owner is citing the increased rents from the landlord in anticipation of Cinema Place. (I walked by the other day and saw the large posted "ownership change" notice, so knew that something was afoot....)
The Shark Shack owner was quoted as saying: "We are no longer involved; (the Shark Shack) is making the transition back to the old restaurant with the previous owner." (Is this the "Morelia on B Street" restaurant? This was before my time.)
This is too bad. The Shark Shack was a nice addition to the B Street neighborhood. I don't understand landlord/tenant relationships, especially in terms of retail tenants, but it looks like the B Street Marketplace owner is not that sharp, given the number of vacancies in this complex. UPS moved around the corner to the restored Victorian on Mission (adjacent to a new men's and women's lingerie store!); H&R Block is a new tenant; and the AIM mailing / mailbox service is apparently moving into the storefront vacated by UPS. Meanwhile, the space for the Irth Cafe is still vacant.
We'll see. It looks like some of the commercial landlords in downtown are raising rents a bit too soon.
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