Occupancy at 92 Percent with 22 New & Relocating Businesses
The Downtown Bend Business Association announces ten new businesses starting up in the retail/restaurant sector with many more relocating within downtown, and the current occupancy rate for the first quarter of 2012. Occupancy holds at 92 percent, the same as the fourth quarter of 2011. The rate is based on the number of leased retail/restaurant spaces in the downtown district.
“This is our most active quarter on record since we started tracking occupancy more than five years ago. We have never seen so many businesses start up in one quarter. This reflects positively on the vibrancy of downtown as new businesses are eager to locate here.” says DBBA Executive Director Chuck Arnold.
Arnold also reported sales and the variety of new business additions. “Year over year sales for existing businesses have edged upward slightly for the third consecutive quarter. This is another indicator that Downtown Bend is continuing to see moderate, but sustained growth and the further development of a dynamic district. The business diversity is reflected in the varieties of new food offerings coming to downtown which include inspirations from Spain, Peru, France and the Mediterranean.”
NEW BUSINESSES
Barrio, Spanish tapas restaurant, 163 Minnesota
Dojo, lounge attached to Boken, 852 Brooks
Found My Dress, women’s dress shop, 842 Wall
Gowns on Demand, formal gowns & dresses, 842 Wall
Hola, Peruvian cuisine, 920 Bond
la Magie Bakery, French bakery, 949 Bond
Mazza Bistro, Mediterranean eats, 806 Brooks
Natural Edge Furniture, custom reclaimed wood furniture, 838 Bond
Navidi’s Oil & Vinegars, specialty food store, 120 Minnesota
Patrick Real Property Services, commercial and residential real estate, 990 Brooks
Tin Pan Theater, indie film house, 869 Tin Pan Alley
RELOCATIONS/CHANGES
A Better Alteration, clothing alterations, relocates from Minnesota Avenue to 842 Wall
Amanda’s Restaurant, Mexican cuisine, name change from El Caporal on 744 Bond
The Blvd., women’s clothing, relocates from Wall Street to 1024 Bond (leased-move will occur in second quarter)
Clutch, handbag boutique, moves from Minnesota Avenue to 933 Wall
Conservation Alliance, nonprofit organization, moves from Minnesota Avenue to 933 Wall
Goldsmith, jeweler and repair, relocates from Wall Street to 111 Oregon
Let It Ride, electric bike rentals and showroom, relocates from Bond Street to 25 Minnesota
Patagonia, active clothing, relocated from Bond Street to 1000 Wall (leased-move will occur later this year)
Schmid Malone, law firm, relocates from Bond Street to 550 Franklin, Franklin Crossing
Sportsvision, eyewear & optical services, relocates from Wall Street to 1002 Bond
Tres Chic, lingerie and club wear, relocates from Oregon Avenue to 124 Minnesota
The DBBA is a private nonprofit organization representing approximately 375 businesses and 85 property owners working to keep Downtown Bend vibrant. The organization is responsible for downtown beautification, cleaning and maintenance, marketing, events, and keeping the business environment healthy.
www.DowntownBend.org.
