Another Sammamish business is being forced to close because Regency, the Florida company that owns almost all the commercial space in Sammamish, is hiking the rent to a level the store cannot sustain.
I spoke with the store and Regency wanted to triple their rent.
Plateau Spirit and Wines spent $220,000 to buy the liquor license when the state privatized liquor sales after the 2012 election initiative. This investment is down the drain; the owners can’t move the liquor license out of Sammamish and there isn’t any other commercial space. Saffron, which is not owned by Regency, is full.