Early in the morning on May 19, the 7-Eleven at 1446 Encinitas Boulevard closed permanently. It’s been a fixture near the El Camino Real corridor for decades — since the 1970s.That would explain the Taco Bell teardown and rebuild a few years ago. Taco Bell is a national brand but the landlord wanted a newer-looking building. But hey, at least we're still keeping Santa Fe Plaza crappy.
According to 7-Eleven’s director of corporate communications, Margaret Chabris, this location, one of seven in Encinitas, had a “significant rent increase and demand for other expenditures” by the new owners of the Village Square I commercial center.
Other center businesses tell an expanded story. The new owners of the center, an investment firm out of L.A., appear to want the mom and pop-owned businesses out. And they are doing so by raising rents to unsustainable rates.
In the last year, now-vacant space once housed Figaro’s Pizza, Swami’s Café, and Martin’s Fine Art School. One of the Mexican restaurants in the center may be next to leave, according to other merchants. All due to a large rent increase, as much as 50 percent, according to a merchant who asked not to be identified.
“The center owners only want nationally recognized brands,” said the business owner. “They want it to be more upscale.”
Click on over to read the whole thing. It's happening in the Ralph's-TJ's strip mall too.