Second Street seems to be really booming. Over 42 restaurants and stores have opened in the past 2 years. The combined gross sales in 2007 was 25 million which is up  from 16 million  the previous year according to Steve Hallsey, cheif executive of AMLI Managment Company.

It seems that the current retailers are happy with AMLI Managment and that even more retailers are looking to make their place on in the 2nd street district soon. According the Austin American Statesman, Málaga Tapas and Bar is moving from West 4th Street to AMLI’s new building along with other future tenants such as Z pizza and Kirk Furniture.  Next month we should see Taste Select Wines and Beyond Traditions Jewelry housed in  the Computer Sciences Corp building at 2nd and Colorado. Almost all the remining space has been leased out which includes the spaces on the ground floor of the AMLI buildings, City Hall, CSC, and the Silicon Laboratories Inc. buildings. There were a few businesses that shut down but Seely says that it is not uncommon to see especially when they are “start-up” businesses.  They just have a higher risk of failiure.

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