***** Delray Marketplace *****

Finally, Delray Marketplace a 258,000 square foot “center” opened in Delray Beach at the intersection of West Atlantic Avenue and Lyons Road.

Check www.delraymarket.com for a list of stores/businesses that includes Publix, Frank Theatres CineBowl & Grille, Chico’s, White House/Black Market, Jos. A Bank and Burt & Max’s Grille.

Here’s a “call” for you guys…the Delray Marketplace will prove to be an absolute “white elephant” and a financial disaster for most of the tenants that took leases.

Just for starters- stop and think for a second…
Do we really need another Jos. A Bank men’s clothing store peddling–buy 1 suit and get 3 suits and 9 ties for free?
Do we really need an upscale candy store named IT’SUGAR where candy sells for “an arm and a leg?”
Do we really need another White House/Black Market a women’s chain which literally has stores in every major American shopping mall?
Do we really need another Chico’s a women’s chain which literally has stores in every major American shopping mall?

Look! Jeff Eats could go on and on–telling you that Delray Marketplace is just like that movie “Groundhog Day”—but I won’t.

Real simple…America’s retail-space is OVERBUILT. In this particular case, Delray Beach–doesn’t need any new retail businesses. Trust me, every one of its residents has seen it-done it.

I’m hearing that some “tenants” are paying 50 bucks a square foot…to be part of what will prove to be Armageddon.

Only time will tell, but my money says that most of Delray Marketplace’s tenants will dread the day that their lawyers said it was “ok” to sign their leases.