Downtown Hollywood struggles to retain small businesses, lure shoppers

Miami /
Oct.October 13, 2009 03:56 PM

Business has dropped by at least 30 percent over the past two years for Mari Crabtree, manager of Sushi Blues on downtown Hollywood’s Harrison Street. Downtown Hollywood has seen its fair share of boom and bust recently, a cycle that can only be partially attributed to the larger economic environment. Despite the city’s efforts to lure shoppers with revamped landscaping, a new ArtsPark and green-lit high-rise condos, many residents still do their shopping at malls and head to the beach or to more established nightlife spots when they are looking for entertainment. As a result, Hollywood businesses continue to come and go with haste: 20 new businesses have opened there during the past year, whereas stretches of the Harrison Street area are now filled only with vacant storefronts. Though the downtown Community Redevelopment Agency no longer tracks the vacancy rate, last year it was 22 percent, and shop owners attest to its worrisome climb. “It’s hard to do business when there are not a lot of other businesses on the street,” Crabtree said. [Miami Herald]


Related Articles

arrow_forward_ios
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
Forest Development, Royal Palm nab $269M condo construction loan
Forest Development, Royal Palm nab $269M condo construction loan
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
LCOR's Anthony Barsanti and Anthony Tortora with 1775 Biscayne Boulevard (LCOR, Zillow) Arts & Entertainment District
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...