City of San Antonio - File #: 17-4718

• File #: 17-4718
• Type: Real Property Lease
• In control: City Council A Session
• On agenda: 9/21/2017
• Posting Language: An Ordinance authorizing the execution of the 3rd Renewal of Lease Agreement with Sushi Zushi of Downtown, LLC, for the continued use of space in the City-owned property known as the International Center, located at 203 South St. Mary’s St. Suite 170, in City Council District 1, for a term of five years. [Lori Houston, Assistant City Manager; John Jacks, Director, Center City Development & Operations]

Date	Ver.	Action By	Action	Result
9/21/2017	1	City Council A Session	adopted	Pass

DEPARTMENT: Center City Development & Operations


DEPARTMENT HEAD: John Jacks


COUNCIL DISTRICTS IMPACTED: 1


SUBJECT:

Lease Renewal - Sushi Zushi of Downtown, LLC, 203 S. St. Mary's



SUMMARY:

This ordinance authorizes the execution of the 3rd Renewal of Lease Agreement for the continued use of a 2,000 square foot retail restaurant space within the City-owned International Center Building located at 203 South Saint Mary's Street, Suite 170, in Council District 1, for a five-year term starting on October 1, 2017 at an initial monthly rent of $4,906.67 increasing to $5,206.67 per month in the final year of the term.


BACKGROUND INFORMATION:

The International Center Building was developed in the late 1990's as an operational hub for government sponsored activities aimed at promoting and fostering international trade between San Antonio and other countries, most particularly Mexico. Envisioned as a means to capitalize on San Antonio's long standing support of international trade, this building has housed government organizations and non-profit entities that focus on the exchange of cultural programs and encourage trade related investment to the benefit of San Antonio and the South Texas region.

Capitalizing on the buildings location at the intersections of two major thoroughfares with river access, the building was purposely developed with retail users in mind for the first floor. The space that is the subject of this ordinance has been used by Sushi Zushi of Downtown, LLC since March 2002 for restaurant purposes with a focus on downtown clientele. This action will serve to renew the existing lease term for an additional five years, effective October 1, 2017.



ISSUE:

Sushi Zushi presently occupies 2,000 square feet of retail space in the International Center Building and has operated from this facility for over 15 years. The present lease will expire on September 31, 2017 and the restaurant has agreed to continue its...