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What’s the deal with Dunkin’ Donuts?

What’s the deal with Dunkin’ Donuts?

Dunkin’ Donuts is teaming with shoe brand Saucony for a limited edition athletic-shoe company created for the Boston Marathon. The pink and orange sneaker is sure to make you hungry! Buzz60

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new development on the corner of Mooney Boulevard and Walnut Avenue has Visalia residents buzzing.

The nearly-completed building has room for three tenants, one of which has a drive-thru window facing Mooney.

Rumor has it Dunkin’ Donuts will soon be filling the space.

Employees of other businesses in the area also heard a bank and Chick-fil-A are vying for the new space.

But with “available space” signs posted on every corner of the property, for now, the potential list of businesses is just that — a rumor.

A new space

While the location has not been confirmed, a Dunkin’ Donuts is making its way to Visalia.

“A location for Dunkin’ Donuts is currently planned for Visalia, but I can’t confirm any other details at this time,” said Tricia Paulson, an account executive with Fineman PR.

According to the coffee giant’s website, there are more than 12,500 locations worldwide that serve approximately 2 billion cups of hot and iced coffee every year.

Over the long-term, the company plans to grow its U.S. presence resulting in more than 18,000 restaurants, according to the website.

If they do decide to make Visalia their new home, the location on Mooney and Walnut could bring the coffee and doughnut magnate a steady flow of foot traffic.

In July 2016, commercial real estate developers, The Orosco Group, purchased the building formerly home to Weatherby’s furniture.

The Orosco Group, based in Monterey, has several developments throughout the city, including the heavily-visited Packwood Creek shopping center, also on Mooney.

Currently, the company is also working to finish the new Starbucks in Tulare, located at the southwest corner of J Street and Cross Avenue.

The company has kept the list of potential tenants quiet since the start of the project, creating speculation among residents on what businesses will soon take over the corner.

Liz Wynn, a Visalia planning commissioner, said it is normal for developers to keep the lid shut on new developments. Still, she said if they had tenants who had already agreed to move into the building, the public would know.

“If they had it pre-leased, they would have already announced it,” Wynn said.

Wynn, who originally voted against the development because of limited parking and the idea of a drive-through on the busiest intersection in the county, also heard a Dunkin’ Donuts was a probable tenant.

Build it and they will come

Patrick Orosco, a partner with the group, said he could not discuss any businesses looking into the spaces on Mooney and Walnut just yet.

But, community members won’t have to wait much longer.

Visalia residents can expect to find out which businesses will move into the building in about a month, Orosco said.

The building will hold one fast-casual restaurant and two retail spaces.

“We’re getting quite close with two of what will be three tenants,” Orosco said. “We’re not at the point where things are signed yet.”

There are several benefits of building commercial space before leasing to tenants, Orosco said.

“Tenants have more certainty than ground-up projects that can take years,” he said. “For large-scale projects, you find raw dirt, typically ag land. The starting point for them then tends to be more elusive.”

Having a building complete or nearly complete before signing contracts also means all businesses are on the same time frame.

A newly-completed building with modern design also helps bring larger companies to smaller cities like Visalia and Tulare. The design seems “familiar” to companies with locations in San Francisco and Los Angeles, Orosco said.

“Oftentimes, retailers come from outside of Tulare County,” Orosco said. “They test the concept in larger demographics then backfill smaller markets.”

The new designs can also add a modern look to once-dated areas.

“Our goal is to leave it better than it was before we touched it,” Orosco said. “We want to create best of class projects and bring cutting-edge trends in architect and landscaping.”

https://www.visaliatimesdelta.com/story/news/2018/07/15/new-visalia-commercial-development-has-residents-buzzing/776140002/

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