30 Responses to “CdM — Birthplace of Coco’s — Could Lose Restaurant to Bank”
Comments
December 28th, 2012
Well, that about does it for us geezers who have enjoyed Coco's for decades! They closed the one near me at 17th and Irvine Ave. They closed the one in Fashion Island, a staple for us following a movie across the street. Now they're going to close the one in CdM! Arrggghhh. Then, again, I guess there's not much profit in Senior Dinners with half-slices of pie.
December 28th, 2012
I remember as a child, when there was a bakery off the parking lot entrance.My mom would always get me a "snack shop cookie.It's sad that CDM is loseing an iconic restaurant.Just how many banks do we need in CDM?
December 28th, 2012
Time for CdM and newport residnts to put their foot down. Another bank?? There have to be more banks per square foot in cdm than anywhere in the country.
December 28th, 2012
There are already too many banal in CDM. CDM for at need another. Isn't hat why honey baked closed for another bank? I have many many many memories of the snack shop and cocos in fashion island and CDM. Pleas not NOT ANOTHER bank!
December 28th, 2012
Not another bank!!!
December 28th, 2012
Are you kidding???? This is asburd!!
December 28th, 2012
Bummer, a CdM institution, as far as I'm concerned. Spent several years working @ Snack Shop/CoCo's in H.S.
December 28th, 2012
At some point, wouldn't the obvious over abundance of bank store fronts in CdM cause the permitting dept to consider what they are turning that area of the city into?
December 28th, 2012
Can you believe another bank in CDM. I think we have enough, 11 or 12.
December 28th, 2012
CoCo's is an icon and our family has enjoyed it over the years. My wife worked at the Snack Shop back in High School as well. I am a personally a bit sad, however, driving and trying to bank at Fashion Island as a Chase Bank customer it is a huge challenge. That being said, we do have a lot of banks in our town without a doubt...
December 28th, 2012
Wow, just what I've always wanted in Corona Del Mar -- another bank to match the plethora of nail salons! Are we going to go to Costa Mesa to get our food now? Where shall we import our entertainment from, Laguna? Maybe now that City Hall is going to be close to Corona del Mar, the city planners might be looking for lunch and realize there isn't anything available in our fair village by the sea?
December 28th, 2012
9 Banks and counting, one allowed a variance for 9 parking pots not 16...neon sign massage parlors...no beach fire rings.. no dogs at the Farmers Mkt....our Crown of the Sea is losing it's charm. ..no wonder the homes in the Village are getting such low comp sales...Mayor Nancy, what's happening?
December 28th, 2012
Just what we don't need! Why do banks keep opening new locations when most consumers use electronic banking and ATMs? And we bail them out???
December 29th, 2012
That would leave us with one (Rubys) breakfast/lunch/dinner family restaurant and nine banks. Please don't do this! Bob
December 29th, 2012
After LIving in CdM for 48 years, I could see the future, it was not pretty. Aclassic Calif beach town was turning into a "village". I have bailed out and you will no longer haveOTG to kick you around
December 29th, 2012
Yes, this is too bad. The site Cocos occupies is one of the few sites in town that has enough parking for a restaurant. However, the city does not control the ability of private sector property owners from leasing to tenants that are allowed under the current zoning. Its hard to imagine what a bank will do with all that space in a time when neighborhood banks are getting smaller.
December 29th, 2012
Why do BANKS ignore the character of neighborhoods while using their power to manipulate developers and landlords?? Chase is like a cancer. They have a Balboa branch, a 17th Street branch in Costa Mesa, and another one opening on Westcliff soon... all within four miles.
December 29th, 2012
Nothing speaks louder than a well organized resident group. I will bring this up at the next Corona del Mar Residents Association meeting, however, the next meeting is in late January. There are many unknowns. Is Cocos closing voluntarily? Does Cocos own the property or do they lease? Did their lease expire? Is Cocos subleasing the property to Chase? Do banks pay a higher level of rent such that the property owner is unmotivated to lease to restaurants? Is it fair to place additional zoning restrictions on commercial properties in CdM?
December 29th, 2012
Reply to
December 29, 2012
Yes, this is too bad. The site Cocos occupies is one of the few sites in town that has enough parking for a restaurant. However, the city does not control the ability of private sector property owners from leasing to tenants that are allowed under the current zoning. Its hard to imagine what a bank will do with all that space in a time when neighborhood banks are getting smaller.
What can CdM Today readers do, Michael Toerge, who are upset at this news? Is there a way for them to push for change to the current zoning?
December 30th, 2012
This is disgusting. Pretty soon our little downtown area will look like any other seedy, ratty town, with the thai massage places, chain food restaurants, banks and nail shops. Doesn't surprise me tho considering the way things are going around here.
December 30th, 2012
Look at the bright side of this issue, "one stop shopping for bank robbers"!
December 30th, 2012
I hope that instead of focusing on the banks arrival, someone is asking the restaurants why they are leaving. What, in their opinion, is missing in Corona del Mar? Why aren't they growing their business? There may be some real obvious reasons.
December 30th, 2012
David, great questions. I wonder if changes to the zoning code would make a difference, or is it more about making the village more accessible to those who don't need parking.
December 30th, 2012
This makes me sick. Snack Shop #1 and #2 gone, no more Cocos, banks popping up in town like an invasion of ugly alien pods. I don't know who approves all these banks, or why? I understand if Cocos had to close for financial reasons, but why not encourage another restaurant to open? Anything but another bank!
December 30th, 2012
Coco's would be fine if they would borrow money from the Fed at 1% and then buy U.S. treasuries at 3%. They wouldn't even need to serve food! They wouldn't need customers at all.
December 31st, 2012
It's a shame that CdM is no longer the unique charming little beach town that it once was. Financial institutions and mega-houses have become the new normal. What the affluent want, the affluent will be given. Maybe she should be renamed Little Dubai del Mar. The lady has lost her charm, her soul and her crown.
December 31st, 2012
ANOTHER BANK??? We need another bank in town like we need another hair salon, nail salon, rug shop, or clothing boutique! As a 16 year resident, I can confidently say we are NOT going in the right direction. Replacing Coco's makes NO sense whatsoever.
January 1st, 2013
Well I could understand another bank if the economy were booming sadly it's NOT. So I ask, really another bank ? Well give the Einstein that came up with tearring down Coco's and converting it into a bank a good swift kick in the butt !
January 1st, 2013
I could not be more disappointed about this. I know why some businesses don't move here. The prices are incredibly high for a small business,in fact, they are impossible to afford. The residents do it want the banks here. Almost all of the residents to whom I speak want to see more restaurants. I work in Costa Mesa and see countless massage parlors. I tried to pen a small business here Sos time ago, but the buildings are old and man have no Internet connections. Most small businesses can't afford the required upgrades to the building to function. We wish that we had the restaurants and cafés of 2nd street in Long Beach, but all we have are these new banks. What can we possibly due to stop this?
January 6th, 2013
David Huntsman December 30th, 2012 I hope that instead of focusing on the banks arrival, someone is asking the restaurants why they are leaving. What, in their opinion, is missing in Corona del Mar? Why aren't they growing their business? There may be some real obvious reasons. @David Huntsman: My understanding is that Coco's is not leaving voluntarily, the landlord is forcing them out in favor of Chase Bank. The restaurant's business's is fine, it's always busy and a great fit for the community. Very sad. I went to the Snack Shop with my grandparents, and my family loves Coco's. So now our only family restaurant in town that serves breakfast will be Ruby's? Pathetic.
