This is a very unique store and a local landmark. However, I don’t see anything in the sale about the replacement ripping out the old structure, removing the uniqueness, becoming a condo, or opening 10 chain stores in the same space.
I live in Jersey City and work in Manhattan, and on my commute I walk by two Starbucks, 2 Dunkin Donuts, 2 McDonalds, an Old Navy, a Marshall’s/TJ Maxx, and an Urban Outfitters. However, I walk by significantly more unique, one-off shops. They sell food, drinks, clothing, glasses, jewelry. I walk by 5 other places to get coffee that are more convenient than Starbucks, and that’s just the ones I recognize as selling coffee. The presence of the chain stores seems like a drag, except that the chain stores buoy the neighborhood and have allowed smaller, custom businesses to thrive.
Those businesses still have to be GOOD businesses, not just interesting, of course. If you can’t compete with Starbucks for selling coffee (and, honestly, it’s not hard – first, have good coffee. Second, be nice and have seating and a mediocre wifi connection), maybe you shouldn’t be selling coffee? These big chains may lack personality, but they’re also incredibly good for increasing competition and therefore quality in a local area. The prevalence of cheap burgers from chain fast food restaurants has spurred the creation of gourmet burgers, which are predominantly delicious! If McDonalds hadn’t made the “quick burger” so ubiquitous, stars like Five Napkin Burger and Bareburger probably wouldn’t exist.
Of course, I remember when Five Guys was local to DC. Now they’re everywhere – and they still make great burgers. If your restaurant can’t compete with Five Guys, though, you’re doing something wrong, since their recipe for success is also very simple (fresh meat, free plentiful toppings, plentiful fries).