They're dropping like dominoes . . .
The 1961 high-rise known as the Americana building is the latest target of downtown real estate development, as its two final ground floor tenants — Subway and the public offices of the Downtown Management District — plan to leave their storefront spaces by the end of October.
Leasing agent Jillian Uresti with Boxer Property, the Houston-based company that manages the building, told CultureMap that all current lessees will be vacating by Oct. 31 in advance of a large-scale remodel that will convert the Americana into a single-tenant property. Work is expected to begin within the next month.
"Right now the owners are doing th eir due diligence," Jillian Uresti with Boxer Property, noted that her company is "99 percent sure" the building will be remodeled instead of demolished.
"Right now the owners are doing their due diligence," she said, adding that her company is "99 percent sure" the building will be remodeled instead of demolished. Uresti also noted that the Americana owners have rights to the aging Macy's parking lot at the other end of the block along Lamar.
An employee at Subway explained that his store was notified it had to leave roughly three months ago. He said the company hopes to add another location in the area, but has yet to finalize any details for its employees. Meanwhile, Angie Bertinot with the Downtown District told CultureMap that the organization is looking for another space, but has not signed a lease as of yet.
On Friday, Swamplot highlighted the Americana's recent retail departures. First up was James Coney Island, which closed in 2010 after maintaining the same street-level space for 35 years. Popeyes, the Travis Food Store and Zero’s Sandwich Shop followed in the coming years. Fastsigns closed its doors on Sept. 22 and will open a new location in the coming weeks at 2929 Milam in Midtown.
To the east of the Americana, across Travis, sits the iconic Foley Brother's building — the current home of Macy's and a key component of the Downtown Management District's long-range plans to develop a pedestrian-friendly shopping corridor that links Discovery Green with the blocks around Dallas and Main.