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Chatham County Online => Chatham County Online => Topic started by: blondesnooper on August 10, 2017, 07:02:57 AM

Title: Oakleaf moving
Post by: blondesnooper on August 10, 2017, 07:02:57 AM
Let me preface this with the statement that I support the rights of property owners. If it is mine I want to control what happens.

That said, I heard that Oakleaf is moving to Carrboro due to a jump in rent. They got an extension through this year and will be pulling out in 2018. Word is that the rent doubled. I hate to see this restaurant leave Pittsboro. It drew folks to town who probably would not have come anyway.It was a boost to the area to have such fine dining in Pittsboro. Most businesses want that Chapel Hill address even though they are not even close to CH. Guess one will have to travel to other cities again to celebrate big events.

  At least, I am finally seeing work being done at the new Postal Fish restaurant. Perhaps it can fill the void.

Title: Re: Oakleaf moving
Post by: Pi on August 10, 2017, 09:37:55 AM
Where is the Postal Fish restaurant?

Also, I can't imagine very many other establishments being able to afford that.  If Oakleaf can't, then who possible could?  Shortsighted move on the part of the landlords.

Title: Re: Oakleaf moving
Post by: Patty52 on August 10, 2017, 03:12:29 PM
I have not heard that about Oakleaf. That would be very sad.

Postal Fish Company is the restaurant that is going into the old Pittsboro post office, across W. Salisbury Street from where the new Pittsboro Town Hall will be: ( I love that old building, so it has been great to see the slow, steady refurbishment going on there.

Title: Re: Oakleaf moving
Post by: Bill Crawford on August 23, 2017, 08:04:11 AM
It may not be a greedy landlord at play with the Oakleaf. Many restaurants in positions like that get leases with rent discounts the first year, as incentive to self-fund capital outlays needed to make it functional and Board Of Health compliant. It may be that the ensuing increase was simply something their income stream wasn't up to handling.

They might not have been growing to a level they anticipated when they signed on. I didn't eat there often, but there were a couple of times I wondered how the covers they were getting were covering their rent and expenses.