In recognition of the tough times, and a slower winter season than usual, one island landlord has reportedly acted like a White Knight. Several business people tell the Inquiring Iguana that Mongoose Junction’s owner, Glen Speer, has offered more than sympathy to merchants looking at the daily receipts.
Speer has cut their rents 15% and gave tenants free occupancy in September. In real estate, in retail … this is unheard of.
Speer has been on St. John for decades. He’s been a successful business man, a real estate developer, and architect. And now he’s shown himself to be truly understanding. Lots of other business owners are wishing their landlords would take their cue from Speer.