Comments on: No Bice: Still Behind on the Rent http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/ Houston, Texas real estate development, home buying, landscape, and design Sun, 22 Nov 2009 03:35:39 +0000 http://wordpress.org/?v=2.6.3 By: Guy http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9464 Guy Sat, 11 Oct 2008 18:04:24 +0000 http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9464 I ate there a couple of times and thought the food was good and attractively presented, although a bit bland for my taste. I'd agree with anyone who thought their choice of location kinda predestined them for failure. The clientele seemed to be mostly wealthy visitors from Mexico and points south, which I guess was not enough to keep them going. BTW, it was not in the former Lord & Taylor area, in which the new restaurants seems to be doing quite well ... it was in the section farther west, which requires walking thru the interior of Saks to get to from the "main" parts of Galleria. I ate there a couple of times and thought the food was good and attractively presented, although a bit bland for my taste. I’d agree with anyone who thought their choice of location kinda predestined them for failure. The clientele seemed to be mostly wealthy visitors from Mexico and points south, which I guess was not enough to keep them going. BTW, it was not in the former Lord & Taylor area, in which the new restaurants seems to be doing quite well … it was in the section farther west, which requires walking thru the interior of Saks to get to from the “main” parts of Galleria.

]]> By: Bernard http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9297 Bernard Thu, 09 Oct 2008 16:24:53 +0000 http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9297 $55k a month for rent seems a bit rich. The Bice space is 7,500 SF. Assuming a NNN lease, the expense pass-through may be around $10 PSF. That means the base rent would have to be $78 PSF to equal $55k/month overall. The actual base rental rate is probably more like $30 PSF NNN ($25,000/month total) or $40 PSF NNN ($31,250/ month total). $55k a month for rent seems a bit rich. The Bice space is 7,500 SF. Assuming a NNN lease, the expense pass-through may be around $10 PSF. That means the base rent would have to be $78 PSF to equal $55k/month overall. The actual base rental rate is probably more like $30 PSF NNN ($25,000/month total) or $40 PSF NNN ($31,250/ month total).

]]> By: kjb434 http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9279 kjb434 Thu, 09 Oct 2008 13:03:26 +0000 http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9279 It's in the wing of the Galleria where Lord and Taylor used to be. For a restaurant, there is no foot traffic there lure customers. Also, the concept needing to dressed up also killed business from many regular mall shoppers. It’s in the wing of the Galleria where Lord and Taylor used to be. For a restaurant, there is no foot traffic there lure customers.

Also, the concept needing to dressed up also killed business from many regular mall shoppers.

]]> By: Crowner http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9197 Crowner Wed, 08 Oct 2008 19:12:19 +0000 http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9197 whats ironic is for the outrageous rent costs, i've never seen, walked past, drove past, or have any clue where the joint is!! i have only read about it online?? whats ironic is for the outrageous rent costs, i’ve never seen, walked past, drove past, or have any clue where the joint is!! i have only read about it online??

]]> By: Zippy_Slug http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9189 Zippy_Slug Wed, 08 Oct 2008 18:27:22 +0000 http://swamplot.com/no-bice-still-behind-on-the-rent/2008-10-08/#comment-9189 by my rough calculation.. that space is going for 55K a month in rent?! wow! How many square feet is that? by my rough calculation.. that space is going for 55K a month in rent?! wow! How many square feet is that?

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