Commercial Real Estate

South Lake Union Restaurateurs Struggle Despite Amazon Boom

South Lake Union Restaurateurs Struggle Despite Amazon Boom

When Amazon established a new headquarters in the previously rundown South Lake Union neighborhood earlier in the decade, many restaurateurs flocked to the downtown district to take advantage of the new crowds. Now, though, many of theses restaurants claim to be struggling. Though Amazon employees flock to eateries and bars for lunch and happy hour, evenings and weekends are slow. Many once optimistic entrepreneurs have had to close locations in August. Amazon itself owns much of the restaurant real estate in the area, playing landlord to these businesses. Amazon’s head of real estate John Schoettler has expressed the desire for the district to become an “18 hour” area where offices, residential complexes and entertainment ventures are all packed into a condensed area.   For now, it remains to be seen if this neighborhood’s restaurants can survive on daytime traffic from Amazonians alone, or will eventually become a destination neighborhood for the city.

 

Image credit: Joe Mabel (CC by 3.0)

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RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i

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RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i
Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL
Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS
Aros: Federal Center South Building 1202, Seattle, Washington. Commercial Real Estate #commercialre http://t.co/lRX2VhtOZ5