Wednesday, November 5, 2014

Windermere becomes 3rd URA tenant

Real estate group to join Visitor Center and Starbucks


By AMY BUSEK
Express Staff Writer

Volunteers work at a fundraiser earlier this year at 491 Sun Valley Road, the site of the Ketchum-Sun Valley Visitor Center and Starbucks café. Photo by staff files

    Leaders of the Ketchum Urban Renewal Agency approved on Monday a rental contract with Windermere Real Estate to occupy 400 square feet of the URA-owned building at 491 Sun Valley Road, which already houses Starbucks café and the Ketchum-Sun Valley Visitor Center.
    Windermere will pay $800 per month in rent for the space. The lease is effective on Nov. 10.
    This will be Windermere’s second Ketchum location. The main offices are located at 180 N. Main St. The majority of the new rented space will be in the upstairs loft area of the building, used for office space.
    Starting Monday, Nov. 10, Visit Sun Valley’s space will drop to 200 square feet at $200 a month. Starbucks will continue to lease 1,900 square feet and pay $3,000 a month.
    All three tenants have common area maintenance costs factored into their rent, according to Lisa Enourato, Ketchum URA staff member. This includes a three-times-per-week bathroom cleaning. Enourato indicated at the Monday meeting that Starbucks employees typically clean the bathroom the other four days. Other maintenance services included in the rent are utilities, property taxes, trash service, snow removal and outdoor maintenance.
    Dan Gorham, managing broker for Windermere, asked to be able to renew his lease twice for five-year increments at fair-market value once his current lease ends on Nov. 10, 2016. Ketchum URA Commissioner Tim Eagan disagreed and asked that the language allow two-year renewals, twice, at fair-market value. He argued, with several commissioners agreeing with him, that the URA shouldn’t nail itself into a long lease, lest other uses for the space become needed in the future.  
    Gorham was concerned with inflationary rents given the shorter lease, and Commissioner Baird Gourlay suggested a write-in to the contract in which rental increases do not exceed 10 percent of the current rent. This was favorable to Gorham and the rest of the commissioners.
    Windy City Arts will prepare Windermere signage for the outside of the building, Enourato said. Gorham asked if he could have a sign on the East Avenue side of the building, rather than the Town Square side, as was approved. Enourato said he will have to go through the Planning Department for that change.
    Windermere also agreed to improve its new space, as it is “fully responsible for the cost of painting, carpeting and other remodel costs approved by the landlord,” the contract states. Solar screens on the west-facing window of the loft area will also be installed.          





About Comments

Comments with content that seeks to incite or inflame may be removed.

Comments that are in ALL CAPS may be removed.

Comments that are off-topic or that include profanity or personal attacks, libelous or other inappropriate material may be removed from the site. Entries that are unsigned or contain signatures by someone other than the actual author may be removed. We will take steps to block users who violate any of our posting standards, terms of use or any other policies governing this site. Use of this system denotes full acceptance of these conditions. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.

The comments below are from the readers of mtexpress.com and in no way represent the views of Express Publishing, Inc.

You may flag individual comments. You may also report an inappropriate or offensive comment by clicking here.

Flagging Comments: Flagging a comment tells a site administrator that a comment is inappropriate. You can find the flag option by pointing the mouse over the comment and clicking the 'Flag' link.

Flagging a comment is only counted once per person, and you won't need to do it multiple times.

Proper Flagging Guidelines: Every site has a different commenting policy - be sure to review the policy for this site before flagging comments. In general these types of comments should be flagged:

  • Spam
  • Ones violating this site's commenting policy
  • Clearly unrelated
  • Personal attacks on others
Comments should not be flagged for:
  • Disagreeing with the content
  • Being in a dispute with the commenter

Popular Comment Threads



 Local Weather 
Search archives:


Copyright © 2020 Express Publishing Inc.   Terms of Use   Privacy Policy
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.