Re: Central quay
Posted: Mon Feb 26, 2018 6:26 pm
Amoore wrote: I say this as someone in this industry - I can't see a positive outcome from 50 new bar/restaurant units, even if some of those were coffee shops/Greggs. Even at best, if the units were snapped up and the area became the place to go at night, the city centre would be decimated.
Well that would certainly be the case if the size of the market were to remain static. Completion of the whole Of Central Quay has to be at least five years away though, by which time the city's population will have risen by around 25,000 if you believe LA projections. On top of that the number of people visiting the city is currently increasing by around 5% per annum.
Fifty is a very ambitous number though. If the current trends away from casual dining continue, that could well be cut as the scheme progresses. What we certainly don't need is the sort of problem they had around the marina in Swansea where catering units remained empty for decades.