Mt. Kisco Trustees to Meet Landlords Tonight to Talk Vacancies
Special work session come amid concern about rise in empty spaces.
Mount Kisco's Village Board of Trustees will hold a special work session tonight to meet with commercial landlords to discuss the recent rise in retail vacancies.
The meeting, at 6 p.m. at Village Hall, comes amid a growing worry about empty spaces in the downtown. The most prominent site, perhaps, is the former Borders space that straddles the Village Centre Lot and South Moger Avenue, at nearly 22,000 square feet. Other major vacancies include the former downtown sites of Victoria's Secret, The Flying Pig, Edward Jones and Purple Passage.
Some residents see commercial landlords as charging too much in retail rent and thereby contributing to the problem.
Sarah O'Grady, a local blogger taking up the vacancies as a topic of concern, did a talk Monday with WVOX Radio. She said during her station interview that raising rents in a bad economy doesn't make sense.
At Monday's regular session for the board of trustees, Cindrich estimated - he said with help from a realtor - that there is about 1.2 million square feet of retail space in the village.
“We’re not in a armageddon situation," he said. "Less than 10 percent of the retail space in this village is vacant.”