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June 2008

Real Estate On Restaurant Row

In the old days, May was the month when we would see the last of the car trailers on the highway heading back north for the summer. They left behind less traffic, the possibil­ity of getting a reservation, and a huge plummet in business.

But these days, Delray Beach and South Florida in gen­eral, are home to more year round residents and less about seasonal visitors. What this demographic change in our area population means for us is more balance in our traffic and sales throughout the year.

Just like the people that pop­ulate the area, restaurants move in and out of Delray Beach and South Florida all year long. However, May and the sum­mer months are typically when restaurateurs remodel, exchange or purchase new furnishings.

In fact, there are a few excit­ing projects going on in the restaurant real estate world in­cluding the renovations of Saki Room on Atlantic Avenue.

It is being suited up to open as one of the city's hottest venues. Also', the former City Limits space recently closed and is re-opening with a very hot concept that will add a new dimension to downtown and Atlantic Avenue. I'm very excited and you will be, too!

What about our beautiful community keeps attracting new restaurants while the economy on the whole is not good?

Delray Beach and Atlantic Av­enue continue to be a magnet for Palm Beach County diners and shoppers because of the plethora of restaurants, shops and late night action.

Another appealing factor of Atlantic Avenue is the music and entertainment that some restau­rants offer, which can be a big crowd-puller. At Sonoma Cafe and Bistro on Atlantic Avenue, live entertainment is offered ev­ery Friday and Saturday night at 8 p.m. Owner/chef Milan Hejda says his restaurant offers music throughout the year including the summer months. "We like to vary our entertainment, piano, jazz, country. It keeps it fresh for our customers and keeps them coming back for more," said Hejda.

"Patrons enjoy the music ei­ther from our beautiful wooden bar or from the dining room. When the weather is comfort­able we also offer outdoor dining and music in the garden area."

With the gas prices shooting higher every day and with the variety of restaurants and cafes offered in Delray Beach, singles, couples or a family can park for free on the street, in a parking lot or in a garage and go eat, shop and make an evening of It without moving the car, wasting fuel or spending a fortune for dinner or cocktails. All great reasons to dine in Delray all year long. Salute!

Athan "Tom" Prakas is president/broker of The Prakas Group, a restaurant/hos­pitality brokerage firm in Boca Raton and Orlando, Fl. He can be reached at 561.368.0003.


 

 

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