Cary may get a Larry's Beans coffee shop downtown! (Raleigh: lease, house)

[North_Raleigh_Guy]

It isn't a done deal yet, but I think it would be great if this happens. Larry's beans makes some great coffee and it is roasted right here in Raleigh. I love the idea of a coffee shop in a historic building!

"The Cary Town Council is considering a lease agreement with the Raleigh-based coffee roaster Larry’s Beans at the historic Jones-Foy House at 324 S. Academy St. across from the Cary Arts Center."

More Info about Larry's Beans Plans: Raleigh's Larry's Beans could go retail in Cary - TBJ

Details about the Jones-Foy House purchased by the town of Cary a while back: Town of Cary buys historic property - TBJ

[SFspiderman]

I hope it gets enough traffic down there. I feel like there's not a lot of traffic at the arts center outside of special events, and it'll be on the wrong side of downtown center from the library.

Certainly once Cary decides what it wants to do with the giant town square across the street this will be a prime location, but I have concerns about it right now.

Also a little concerned that Cary is pumping $225,000 into the venture.

[evaofnc]

Thank god something other than Starbucks or Caribou near my house.

[lamishra]

So very excited about this! It was a sad day when Java Jive left downtown!

[rory breaker]

Excellent!!! Hope this happens, we really dont have a good, true "coffee shop" in the immediate area.

[ALStafford]

So happy to see this! I'm in the process of moving from really rural Wake County into Cary, and love this! There are way too many Starbucks/Caribou's and not nearly enough locally-owned coffee places!

[Sherifftruman]

Originally Posted by SFspiderman

I hope it gets enough traffic down there. I feel like there's not a lot of traffic at the arts center outside of special events, and it'll be on the wrong side of downtown center from the library.

Certainly once Cary decides what it wants to do with the giant town square across the street this will be a prime location, but I have concerns about it right now.

Also a little concerned that Cary is pumping $225,000 into the venture.

It is pretty typical that any private landlord will provide a certain amount of either money or building improvements as part of a lease deal.

I was kind of wondering why they were putting it by the arts center rather than where everything else was.

[SFspiderman]

Originally Posted by Sherifftruman

It is pretty typical that any private landlord will provide a certain amount of either money or building improvements as part of a lease deal.

Well yes, but what landlord would pump in $225,000 in improvements to receive just $200,000 in rent over five years? I understand that Cary is purposely investing in downtown, and I'm okay with that, but I'm just hoping Larry's does well enough to hang in there until things get developed across the street.