Regency forces out another Sammamish business

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.

Here is the article.

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.