DEPARTMENT: Center City Development and Operations Department
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
La Villita Lease Agreements
SUMMARY:
This ordinance authorizes two La Villita lease agreements with Alamodeus LLC d/b/a Capistrano Soap Company and Bobby J. and Claudia I. Brown d/b/a Villa Tesoros effective August 15, 2016 through June 30, 2021.
BACKGROUND INFORMATION:
On February 9, 2016, a Request for Proposals (RFP) was issued seeking proposals from qualified respondents interested in operating a retail establishment in buildings 7, 8, or 14B located in the La Villita Historic Arts Village (La Villita). On March 9, 2016, six proposals were received in response to the RFP. A six-member Evaluation Committee (Committee) made up of representatives from the retail, real estate, arts, and destination management community, as well as City staff met on March 18, 2016 to review proposals. The Committee recommended awarding leases to Alamodeus LLC d/b/a Capistrano Soap Company (Capistrano Soap Company) and Bobby J. and Claudia I. Brown d/b/a Villa Tesoros (Villa Tesoros). Capistrano Soap Company has been a successful temporary tenant in La Villita since November 2015, while the owners of Villa Tesoros own and operate B&C Leather Designs, a working artist studio in La Villita specializing in the creation and sale of leather accessories. Each proposed lessee brings a concept that enhances the retail mix of La Villita for San Antonio residents and visitors.
The Capistrano Soap Company will lease building 7 which totals 659.41 square feet. The agreement provides for one five-year term effective August 15, 2016 and includes two, two-year renewal options. Capistrano Soap Company will pay a monthly base rental rate of $1.15 per square foot for building space designated as retail, $1.00 per square foot for building space designated as workshop/classroom, and $0.43 per square foot for building space designated as manufacturing. ...
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