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rents that would be required to make the project economically viable. Your site could not fit and <br />would therefore lack the type of anchors that these users depend o~ to generate trat~c. <br /> <br /> This site analysis has actually been home out and eom'greed by the market. The site has had a lot of <br />· market exposure over the years. As I undem:and, restaurant .opemturs such as Mexico Ltndo, Olive <br />Garden, Claim Jumper, IL Fomaio all looked at the site and passed (mit; Some of the restaurant <br />operators that chose our Hacienda Crossings in Dublin might have preferred a Pleasanton address, but <br />again your si~.was too large and too problematic. As I previomly pointed out, there has also been a <br />signillcant amount of new retail developmem in the area, and it has all chosen m happened elsewhere <br />and not on your site. <br /> <br />It is my opinion that the project you are proposing i~ the best use for the site. It is a good site for a <br />medium size, multi tenant office building. It will likely be attractive m office users who are seeking a <br />pmmin~m Pleasanton address and who are seeking more of an identity than that offered in the rest of <br />Hac~nda Bminess Park. Given your project's location and design, it is also Ixmible that a restaurant <br />concept could be incorporated into the ground floor of the building. With the demographics trends of <br />the area, we are still seeing operators who would like to be in the Tri Valley area. <br /> <br />I hope this background on the market is useful. Please let me know if I can be o£ any other service. <br /> <br />Very truly yours, <br /> <br />COLLIERS INTERNATIONAL <br /> <br />Sandra Weck <br />Vice President <br />Retail Properties <br /> <br />4 <br /> <br /> <br />