Author Topic: Sun Ray Cinema warns of impending sale of their building to Atlanta developer...  (Read 14036 times)

Florida Power And Light

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Perhaps they can't pay the rent already. That's a likely possibility not really being discussed in all the online hoopla.

The long established Shoe Store recently exited.
Search COJ JSO Five Points episodes. Neighborhood street closure events. Et Al.
Transition…… Change. Return On Investment…. Yepper. So Glad Not My “ Investment “.
Many forces and principalities converging.
Long established Riverside Avondale political boundary recently revised. Riverside disjointed. Avondale getting chipped away... proposed Fishweir Elementary proposed Shut Down. "Elementary" is such an...elementary Word if you think about It,or even if you do not.
I personally know Mike Shad. Our World seemed far removed from Five Points. And it was….
I first stepped foot on to Five Points in 1978.
« Last Edit: May 01, 2024, 10:26:50 PM by Florida Power And Light »


pierre

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Rumors it will be an indoor golf place.

How exciting.

thelakelander

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Like the parking garage assumptions, those are pretty bad rumors.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

Charles Hunter

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A Facebook post opines the new owner is leasing the Sun-Ray space to a "music venue company" - going back to being a club?

The new owner says existing lessees can stay until their leases are up (how nice, going to obey the law). But what happens after, especially for the commercial establishments on Park Street?  Not all that concerned about the offices upstairs.

Florida Power And Light

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Key Element:
What is the Purchase Price?  Assumed return on "Investment?" Other ...Elements Fueling Anticipated Outcome.
Apparently Land Use/ Rezone Request not in the picture. Follow up / monitor.
RAP is Comotose.
Note Riverside/Five Points Police Presence/Public info reports for the past two years. Steet Riots. The past ten years of reports interesting.
These aspects will hint to future placement. The purchase price/return aspect key.
It is easy ( and profitable) to alter a neighborhood. It is also easy to just go to Plaid.

We need a local Theatre, and Music Venue. " Listening Room". Try it! Atlanta Investor! Can you do it? If not,why not?
Will the Investor/Principals comment here??
Would be Wonderful to see this palce continued to be patronized by an existing loyal following/tenants,and more.

For me,this is one more Knotch to skip this palce afer thirty some years and Move On and Out.
« Last Edit: May 22, 2024, 10:39:26 PM by Florida Power And Light »

realestatejax

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Like the parking garage assumptions, those are pretty bad rumors.

Correct.  A golf sim place does not need anywhere close to that much square footage.  Music venue is rumor that might have some legs. 

Ken_FSU

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The narrative online seems to be "evil developer forces out beloved local business." I'm bummed to see Sun Ray go, but I'm not sure said rumors are particularly fair to Mike Shad or the new developer. They're not running a charity, and it's very hard to make independent theater work in 2024. It's my understanding that Sun Ray hasn't been able to afford to pay rent at current rates for a long time, Mike Shad was very, very generous and patient with them (even forgiving a portion of back rent), and ultimately, he had to pull the plug. I've got no horse in the race, but it does kind of stink to see people getting dragged through the mud for "killing Sun Ray" when, in reality, they probably prolonged its lease on life.

Charles Hunter

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Well-said, Ken.

jax_hwy_engineer

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The narrative online seems to be "evil developer forces out beloved local business." I'm bummed to see Sun Ray go, but I'm not sure said rumors are particularly fair to Mike Shad or the new developer. They're not running a charity, and it's very hard to make independent theater work in 2024. It's my understanding that Sun Ray hasn't been able to afford to pay rent at current rates for a long time, Mike Shad was very, very generous and patient with them (even forgiving a portion of back rent), and ultimately, he had to pull the plug. I've got no horse in the race, but it does kind of stink to see people getting dragged through the mud for "killing Sun Ray" when, in reality, they probably prolonged its lease on life.

I had a sense that this was the case. I had some disagreements with some of my friends about this whole ordeal just for that reason. Some people think very emotionally and want to think the businesses they hold dear are infallible and that any property owner must be a filthy rich capitalist pig, or worse, that the government should step in to ensure that a business stay in business just because it's a quirky theater.

Steve

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The narrative online seems to be "evil developer forces out beloved local business." I'm bummed to see Sun Ray go, but I'm not sure said rumors are particularly fair to Mike Shad or the new developer. They're not running a charity, and it's very hard to make independent theater work in 2024. It's my understanding that Sun Ray hasn't been able to afford to pay rent at current rates for a long time, Mike Shad was very, very generous and patient with them (even forgiving a portion of back rent), and ultimately, he had to pull the plug. I've got no horse in the race, but it does kind of stink to see people getting dragged through the mud for "killing Sun Ray" when, in reality, they probably prolonged its lease on life.

THIS.

Everyone online was recently like, "they said we had nothing to worry about" when the sale rumors were there. I was one of those saying that......but it was about demolishing the building.

CityLife

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Given the rise of the Golden Age of Television (Prestige TV) and changes to the studio system, the volume of high quality independent moves that were around in the 90's and aughts isn't there anymore. I assume that theaters like Sun Ray aren't financially viable, unless backed by a wealthy benefactor or operated as a not-for-profit.

If there are any film lovers in Jax that are truly bummed out by this, create a not-for-profit (or for profit) and work with the Florida Theater or the Terry Theater at JCPA to create a one day a week film series. Show the 5-10 Oscar Best Picture or Best Foreign Films that do not get played in mainstream theaters and show classics. One cool thing to do would be to play the American Film Institute's 100 Best Films in order. I've done this at home and it's pretty great. It always surprises me how many people haven't seen all time great films like Kane, Casablanca, Singing in the Rain, etc.

https://en.wikipedia.org/wiki/AFI%27s_100_Years...100_Movies

That would be a great opportunity to stimulate some activity downtown on slow weeknights.




thelakelander

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100%. Sun Ray's business isn't viable. Yet people (who more than likely spend more money per month streaming than going to Sun Ray) are so emotional, anything outside of negatively painting the property seller and buyer is blasphemy.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

jaxlongtimer

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Run Rocky Horror Picture Show at midnight every day for years to balance the books  ;D.

From Wikipedia:
Quote
The Rocky Horror Picture Show is considered to be the longest-running release in film history.[5][46] It benefited from a 20th Century Fox policy that made archival films available to theatres at any time.[47] Having never been pulled by 20th Century Fox from its original 1975 release, it continues to play in cinemas.[48][49] After The Walt Disney Company acquired 20th Century Fox in 2019 and began withdrawing archival Fox movies from theatres to be placed into the Disney Vault, the company made an exception in the case of The Rocky Horror Picture Show to allow the traditional midnight screenings to continue.[47][50]

https://en.wikipedia.org/wiki/The_Rocky_Horror_Picture_Show

jax_hwy_engineer

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You could season your fries for the rest of your life with the amount of salt in this reddit thread:

https://www.reddit.com/r/jacksonville/comments/1cx7m7d/sun_ray_officially_closing/


Funniest one so far:

"Absolutely. Sunray is the main pull for that area. I doubt whatever replaces it will be as popular. People will stop visiting five points as a result and the restaurants and bars will start closing up shop. Sunray closing is the canary in the coalmine for that area."


Yeah, sure. The historic district that is absolutely bustling with business wall to wall every weekend will close down because the theater is closed down. The delusional fantasies some people play out in their head are just...sad sometimes...