Restaurant-Garage Combo on Westpark Put On Hold

RESTAURANT-GARAGE COMBO ON WESTPARK PUT ON HOLD Some unspecified “complications” in continuing negotiations have stalled plans for a brand new 2-story Molina’s Restaurant and parking garage on a West U-owned lot on Westpark, between Wakeforest and Dincans streets, a city council member tells reporter Angela Grant. “The building would have included a parking garage for Goode Company Seafood, which currently leases the land for its parking lot. Goode Company pays West U. about $4,300 per month for rent. The agreement expires in just over three years. The terms of the agreement with [developer Mike] Gallagher provided for a 15-year primary lease, with options for five more 5-[year] renewals. The Molina’s rent would gradually increase from $7,000 per month to $15,373 per month.” [Instant News West U]

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