Cottonwood Plaza on hold

The City of Bishop continues to function with some major vacant spaces in its commercial areas.  The largest is the former Cottonwood Plaza on north Main Street.  COTTONWOOD SOLD

At the end of May, a couple from the Los Angeles area bought the center from owner Lee Crosby of Bishop.  Ray and Liz Eslamiyeh planned to revitalize the center and lease it out.  Since then, according to realtor Stacy Bardfield, who is handling the center, Mr. Eslamiyeh has dealt with a serious illness and put everything on hold.

Bardfield said she gets calls daily from people who want to lease space or even buy the center.  Bardfield did confirm that the activity at the center now involves installation of lights in the parking lot.  Landscaping work had been done earlier as part of the new owners’ plans to remodel.

The new owners had earlier purchased property in Mammoth Lakes and Bishop, plus fast food restaurants in Southern California.  The future of the Cottonwood Plaza remains somewhat uncertain for now.  The plaza had closed a few years ago after ownership disputes forced most of the tenants out.

Meanwhile, another vacant space continues to mystify Bishop residents.  Some of our listeners and viewers pointed to the re-painting of the parking lot at the old Kmart store on Main Street.  That very large space has remained vacant for a number of years.  Reports indicate that the owners are paid something like $27,000 per month by Vons, concerned about competition, not to lease to anyone.

 

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7 Responses to Cottonwood Plaza on hold

  1. upthecreek November 4, 2011 at 5:30 pm #

    I bet you the town council would be interested in this hot property

     
  2. Bobbie Lee Swagger November 4, 2011 at 11:28 pm #

    I don’t get it. Why isn’t In-n-Out in one of these two locations?

     
  3. Justin Case November 5, 2011 at 10:00 pm #

    In ‘n out wont put restaurants here because of their freshness requirements. We are too far, and have too much inclement weather for them to be guaranteed daily delivery of their stock

     
    • Animal Style October 14, 2013 at 10:33 pm #

      Also, In-N-Out Burger owns all their stores outright and buys property years in advance in anticipation of markets. Some properties pan out for restaurants, some don’t but still may make good investments.

      Ray Kroc supposedly once answered he was in the real estate business when asked about McDonalds.

       
  4. daniel November 7, 2011 at 1:32 am #

    No shortages of burgers… Competition eh,How about developng that Kmart property into a medium density housing usage, ground level shops facing the steet. Enough of the ugly parking lots on main street.
    Old kmart should be put to some community oriented purpose, have an art show, dance, or.other temporary use. Might as well get ur 27k $ to work for good community PR Vons…

     
    • Mark October 15, 2013 at 8:55 am #

      “medium density housing usage”

      there goes the neighborhood!

       
  5. rudolph October 14, 2013 at 9:34 pm #

    live is to short. please it could only do good .please try again!!!!!!!!!!!!!!!!!!!!!!

     

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