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Shifting Soil?

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Here's a problem you don't run into every day.

It seems that shifting soil is causing problem's at Westcor's FlatIron Crossing property in Boulder, Colo.

Floor-heaving of up to 6 inches, expensive repairs and difficulty with mall management about how to address the problems persuaded Italian restaurant Il Fornaio to close in October, said Jesse Witt, a lawyer who represented the restaurant in negotiations with the mall. Witt said the Corte Madera, Calif.-based chain wanted to remain in the location, but the ''soils problem'' was the reason it closed.

It's a similar case for Denver-based burrito chain Chipotle, which shutdown in August. Chipotle spokesman Chris Arnold said the restaurant left because the mall opted not to repair the building.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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