Commerce Bank should consider lessons learned from the old Gaslight Square – “too high” rents can kill a thriving commercial dining/entertainment and retail district. It is in Commerce’s interest to do what it can to support the success of the U City Loop. Please consider bringing the rent for this space more in line with the majority (but not all) of the other landlords in the U City Loop.
For many years, the University City bakery-cafe has been privileged to serve and feel the support of our neighbors in the Loop. Last year we opened a new bakery-cafe in nearby Richmond Heights where we are able to offer our guests a larger dining room, additional parking and Panera 2.0 enhancements. With this new location, and the upcoming expiration of our lease, we will close our University City bakery-cafe at the end of this year. We’ll provide opportunities for all associates and managers who wish to continue with the Company at other area cafes. Know that we are tremendously proud of our St. Louis roots and will continue to invest in Bread Co. locations that best serve its many communities.
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