October 25th, 2011A Sigh Of Relief For A Rebounding Shopping Center
by Peter O'Dowd
Phoenix, AZ – Last fall at troubled strip mall in Phoenix, a few brave business owners opened in a virtually empty complex called Bethany East during a decidedly bad economy. In March of this year, the center fell into foreclosure and new buyers stepped in. It’s been a turbulent year on this corner, but things are finally looking up for the tenants.
The upswing is apparent at Zipps Sports Grill, which was an empty shell in the shopping complex during last year’s World Series — just another unused space on Phoenix’s distressed real estate market. But this year a sizeable crowd takes in October baseball at the new restaurant.
Operations Manager Jeremey Higgins says Zipps poured its first beer in the spring. It brought this corner a jolt of life it hadn’t seen in years.