5th Avenue South Issues Response to Latest Business Closings
April 13, 2018
NAPLES, Fla. (April 13, 2018) – The 5th Avenue South Business Improvement District (BID) – whose mission is to brand promote and create awareness of 5th Avenue South, a world-renowned shopping, dining, and entertainment destination located in Naples, Florida – is pleased to provide its response to the recent closing of two 5th Avenue South businesses over the past week. As was reported in the Naples Daily News, Lady from Haiti will close its doors after 26 years on 5th Avenue South at the end of April 2018 and Café & Bar Lurcat will close after its lease expires on May 5.
“While the BID certainly never wants to lose tenants, it is commonplace in the retail and service industry to have businesses move in and out. We wish Café Lurcat & Lady from Haiti the best of luck and appreciate their impact on the Avenue.” said Bruce Barone, Jr., 5th Avenue South BID executive director. “Despite the transition, we continue to have significant interest from business owners across the country – and right here in Southwest Florida – who want to open a location on 5th Avenue South. They will join an esteemed list of merchants and restaurants who have expressed their optimism and excitement for the future of the Avenue. Fundamentally, 5th Avenue South is one of the most attractive locations to do business in the country.”
In fact, 5th Avenue South businesses experienced one of the best seasons to date, according to Jarred Kaplan, managing partner of Provident Jewelry. “Provident Jewelery has called 5th Avenue South home for over 17 years and we are thrilled to report record sales this past season. It’s clear to us that the rich history of this famed Avenue, coupled with a palpable excitement for its future, translates into a positive place to do business,” said Kaplan.
5th Avenue South’s vacancy rate is currently significantly lower than the 12.2% average vacancy rate projected for the first quarter of 2018 by Statista, a leading provider of market and consumer data.
“We hear customer parking listed as an issue on the Avenue, but that’s simply not the reality,” said Jeff Wynn, BID board president. “5th Avenue South offers many more parking options than other districts of similar size, including complimentary valet parking, two parking garages within walking distance to stores and restaurants, and free on street parking – a combination of customer/patron friendly conveniences that exceeds what is available at any other downtown district.”For more information about 5th Avenue South trends, events, and businesses, please visit www.FifthAvenueSouth.com.