Image of Bannerman Crossing showing new home of Mom & Dad's Restaurant and future home of  Dick's Wings and Grill and Sweet Frog Frozen Yogurt. Image of Bannerman Crossing showing new home of Mom & Dad's Restaurant and future home of Dick's Wings and Grill and Sweet Frog Frozen Yogurt. UrbanTallahassee Images

Market View: March 2018

Written by  Brenda Francis, CCIM, Structure Commercial Real Estate Monday, 05 March 2018 19:43

MARKET UPDATE - Mrs. Brenda Francis is an accomplished Commercial Real Estate agent for Structure Commercial Real Estate. In addition to being an accomplished Real Estate agent, painter and wife of retiring Circuit Judge Charles A. Francis, she works hard to keep on top of new happenings in the commercial real estate market often locking herself in the room for days at a time to come up with some juicy information to share with us.

This most recent edition of her newsletter highlights happenings in the works all over town. Below we point out for you some things you may not have already known.

REBELS MIDTOWN BOUTIQUE, by Kelley Ausley and Shelly Ruthstrom, will be opening a small boutique and “bartique” in Betton Place, 1950 Thomasville Road, in early April. They will feature women’s apparel, some men’s apparel, gifts and accessories. Kelley and Shelly’s shop will be unique in that it will offer local beer and wine at a small bar where customers can hang out and watch TV while they shop, and on some Fridays and Saturdays, enjoy a local musician.

AIR WORKSHOP TALLAHASSEE, also opening in Betton Place in early April, is a franchise offering DIY hobby art classes with projects such as plank wood signs, round wood signs, centerpiece boxes, canvas pillows, wall hangings, tote bags and more. They “host workshops for corporate events, bachelorette parties, girls’ night out, team building events, sports team outings, adult and youth birthday parties, and fundraisers.” 

The old THE GREY FOX 6062 sq. ft. building at 1301 N Monroe sold on March 1 for $585,000. It will be an owner-occupied retail store, but the owner is not ready to disclose who’s moving in there. Stay tuned! Hint: Women will love it!

Monroe Square under construction, Future home of Luxe Nail Spa and Kaffee Coffee

Monroe Square under construction, Future home of Luxe Nail Spa and Kaffee Coffee | UrbanTallahassee Images

LUXE NAIL SPA, an upscale nail salon, will be occupying 2,200 sq. ft. of the retail building under construction at 1875 N. Monroe at Glenview Drive. They hope to open mid-July or early August. The other tenant in this location will be KAFFEE COFFEE with coffee, tea, smoothies and snacks. There is one 1,300 sq. ft. space still available.

For more on this development visit: Monroe Square Project Page

Artist rendering of proposed Drury Inn & Suites hotel that will replace the current Osaka Japanese Steakhouse & Sushi Bar. | mlive.com

THE DRURY HOTEL, a 180 room, seven-story hotel, should begin construction on the old Osaka location on CCNE & Raymond Diehl Road by mid-2019.

OSAKA JAPANESE STEAKHOUSE & SUSHI BAR has purchased the vacant lot, 1.42 acres, behind McDonald’s on Maclay Commerce Drive for $1.2 million. The seller, Emo Properties, will construct the 8,500 sq. ft. restaurant for the buyer, plus a second office/retail building of 8,000 sq. ft.: two units up and two down. Office rates will be $28/sq. ft. plus utilities, and retail will be $27 plus pass-throughs. The restaurant should be open by next February.

Visit: Drury Inn & Suites Project Page

BARNACLE BILL’S BUILDING, 1830 N. Monroe, sold in December to a corporation out of Monticello, Fla. for $711,500. Asking price was $895,000, with most equipment included.

Artist rendering of proposed new Envision Credit Union for downtown Tallahassee. | Architects Lewis + Whitlock, PA

ENVISION CREDIT UNION has closed on its purchase from the city of the 1.24 acres of land at 600 N. Monroe, formerly a utilities payment station. Purchase price was $850,000. Plans are to relocate Envision Credit Union to a new 10,841 sq. ft. facility with drive-thru lanes.

Above, elevation of proposed homes at the Glenview Place. Bottom, site plan for entire project showing extensive gardens/greenspace. | Images: Glenview Place

GLENVIEW PLACE, on the corner of Meridian and Glenview Dr., is a 10-unit residential development now under construction. Each free-standing home is two stories with three bedrooms, two-and-a-half baths and two-car garages, just under 2,000 sq. ft. The first two homes should be complete by mid- April.

Visit: Glenview Place Project Page

O’BRIEN SHAMROCK CLEANERS, 3501 Maclay Blvd, sold to Vel Enterprises, Tony Trusty of St. Pete Beach, FL, Dec. 21, 2017 for $800,000. The building is 3733 SF with 1223 auxiliary sq. ft.

WALGREENS, a long-term lease investment at 3531 Thomasville Road next to BooksAMillion, sold for $4,192,000 on Dec. 20, 2017. 

DR. CARL DAFFIN, dentist, sold his office building at 1394 Timberlane Road to TIFFANY TORRENS OD, PA, an optometrist. The building is 2193 sq. ft. and sold for $260,000 on Nov. 1, 2017. 

DICK'S WINGS and GRILL has committed for the last restaurant space in Bannerman Crossing. Dicks' website says they are a fun, family oriented restaurant with 23 locations in Florida and Georgia. They hope to be open in late summer, before football season.

SWEET FROG is moving into the space between The Wharf and Ponderosa Junction. Sweet Frog is a national chain with dozens of flavor combinations of soft-serve frozen yogurt, plus sorbet. They should be ready to serve in about three months, just in time for summer!

Contact Brenda | Office: (850) 656-6555 | e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Additional Info

  • PRIME! Project Location: Tallahassee, FL
Last modified on Monday, 05 March 2018 22:39
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