Bella Vista’s Bean Exchange Building Sells; Coffee Shop Shutters
There’s a double-shot of an update regarding the building that housed the Bean Exchange at 7th and Bainbridge in Bella Vista. After being listed in July for $779,000, the building–which includes the retail space and two renovated 1-bedroom condos with parking–sold this week for $800,000, according to listing agent Kathleen Conway’s website (and Redfin).
At the time, it was important to note that listing didn’t include the Bean Exhange’s business, just its retail space. However, Philly.com’s Michael Klein reports that owner Matt Armstrong has now closed the business “with great sadness” after nearly a decade on the corner. Plans for the former coffee space are unknown at this point, but Klein says Armstrong “wants to allow the new owner to develop the property as he sees fit.”
From one coffee-drinker to another, I feel your collective pain, residents of Bella Vista. Here’s a map of nearby coffee spots to ease that headache. We have a call out to Conway about the sale and the retail space.
- Bean Exchange in Bella Vista is closed [Philly.com]
- Double Shot: Building Includes Bella Vista’s Bean Exchange, Decked Out Apartments [Property]