Idaho Mountain Express: Ketchum URA looking for tenant

Wednesday, August 6, 2014

Ketchum URA looking for tenant

Applicant would share space with Visitor Center, Starbucks

By AMY BUSEK
Express Staff Writer

The Visitor Center and Starbucks are located in a former bank building owned by the Ketchum URA. Photo by staff files

    Following a request from the Sun Valley Marketing Alliance, the Ketchum Urban Renewal Agency is seeking a third tenant for its 491 Sun Valley Road space.
   The URA approved on April 1 the Visitor Center’s request to lease less space at the site, according to Lisa Enourato, assistant to the city administrator and communications coordinator. The Visitor Center requested to decrease its space in the building to cut its operating costs.
   The building houses the Ketchum/Sun Valley Visitor Center and a Starbucks café. Formerly the Mountain West Bank building, the location underwent an extensive remodel in 2011. Local architect Susan Desko won a national architecture award for her transformation of the space into a community gathering space.
   There is 800 square feet available for rent, located on the second floor, according to the request for proposals. To qualify, applicants must not garner more than 20 percent of sales from coffee or otherwise compete with the two existing tenants.         Currently, there is only one prospective applicant, attorney Richard W. Roberts, who wishes to open a legal practice in the upstairs space, Enourato said.
   “Due to limited staff and being in the depths of budget preparation, the [request-for-proposal] was not developed until recently, when Roberts came forth with a proposal,” she said in an email.
   A private room on the first floor known as the “vault” may be subject to a URA caveat, to allow them to reserve the 187-square-foot space for select events, the request indicates.
   The URA will install a locking door at the bottom of the stairs leading to the second floor.
   The third tenant would be subject to an $800 monthly rental fee, which includes all common area maintenance, utility costs and options to reserve the “vault.”
    The URA will consider both month-to-month and yearly lease options, beginning Sept. 1. The deadline for applications is Sunday, Aug. 31.
   A selection decision will be made the week of Sept. 15, the city said.

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