On the 26th February, Canberra’s first Starbucks and one of the few remaining original tenants of Manuka Plaza will close. The reason: lack of business and the lease holder preferring to invest in the Brand Depot store rather than renew the lease in Manuka. To me, Starbucks and their imitation brew is no big loss, but this does bring up the question of why we don’t seem to like Manuka Plaza. The Plaza has never been fully leased and most of the original retailers (newsagent, jeweler and Michelles to name a few) have closed down or moved. In fact the once struggling Thai place is now going well right across the street. The rapid turnaround of tenants and relatively frequent closures s in contrast to the rest of Manuka. The plaza (now called The Terrace) is currently undergoing its third major reno in the hopes of attracting more people. So, do you like Manuka Plaza? Why isn’t is successful, at least in comparison to the rest of Manuka?
- Food & Wine