Landlord doubles rent, forces gym out of downtown Around Town, posted by Editor, Mountain View Voice Online, on Jul 10, 2012 at 11:31 am
It's like the dot-com boom all over again. Facing a huge rent increase, Custom Fitness has been forced from its longtime Castro Street location, and Mountain View city officials won't allow the owner to relocate elsewhere on the city's main street.
Read the full story here Web Link posted Tuesday, July 10, 2012, 11:14 AM
Posted by juniperk, a resident of the Gemello neighborhood, on Jul 10, 2012 at 12:08 pm
Greed is back with a vengeance like we have never seen before. dotcom boom pales to what I see now. I see apartment rents skyrocketing like we have never seen before. 1BR for more than $2000 and 2BR for $2500 in many average neighborhoods in this town now. There is no stopping this unless we have a real serious calamity in this area.
Posted by tommy_g, a resident of the Willowgate neighborhood, on Jul 10, 2012 at 12:13 pm
ok sorry bout this.....this was there how long? since 2004? on castro? I never heard of it.....I live in Mountain View, and know everything.....or I thought I did.......where on castro was this? must have been tiny.......wow.....oh well.....
Posted by It's business, a resident of the Cuernavaca neighborhood, on Jul 10, 2012 at 9:41 pm
"Forces gym out of Downtown"?
Perhaps the cost structure of a gym doesn't fit with rents on the main street in downtown Mountain View. I can't recall any gyms on University Ave in Palo Alto or Santa Cruz Ave in Menlo Park or... I bet lots of gym owners would like to be situated on a bustling main street within walking distance of floods of customers.
It's possible the building owner paid a large amount for the building and has been operating at a loss during the low-rent period of time. Are people suggesting this particular property owner should now be charitable because some folks feel bad for mom & pop? Hey, then pony up and help the gym out...or maybe people can flood City Council and ask for a subsidy.