LockedGone: The Kahiki

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Michael Hoffman
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2010/08/25 14:10:58 (permalink)

Gone: The Kahiki

When they tore down the Kahiki Supper Club in Columbus to make way for a Walgreens ten years ago a lot of people were upset.
 
Here's a look at what's gone but not forgotten.
 
http://www.dispatch.com/live/foundation/slideshow.jsp?file=/multimedia/daily_slideshows/2010/08/kahiki/kahiki_history.html&image=1&adsec=multimedia&tot=10&sid=101
#1

19 Replies Related Threads

    mar52
    Sirloin
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    Re:Gone: The Kahiki 2010/08/25 14:55:28 (permalink)
    Tearing down of that building should never have been allowed.
    What a tribute to the tiki years!  Gorgeous building.


    Sadly I guess the property owner could do with it as they pleased.


    #2
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/25 15:05:16 (permalink)
    Truth to tell, I ate there just once. However, I was there a number of times. I just didn't care for the food, so I'd have coffee while everyone else dined.
     
    Because Walgreens tore it down, I've not set foot in a Walgreens since.
    post edited by Michael Hoffman - 2010/08/25 15:06:29
    #3
    MiamiDon
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    Re:Gone: The Kahiki 2010/08/25 15:28:08 (permalink)
    Very nice, Michael.  Fantastic Moai at the entrance.
    #4
    saps
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    Re:Gone: The Kahiki 2010/08/25 17:26:24 (permalink)
    I'm confused.  Should a property owner have just left the structure there then?  It looks like a place that would be pretty hard to lease.  If someone wanted to keep the structure, then they should have bought it.  You would have to have a fair amount of money to buy a building that will need upkeep, pay property taxes and supportive costs for a structure that has minimal use.  

    I don't see a lot of structures (outside of landmarks) that are kept for posterity's sake  that have no return value and are held by private investors.

    If I purchased that property and it was mandated that  I couldn't tear the structure down, I would be pretty upset, since that would instantly devalue the land and possibly force me to sell at a loss or maintain a building that has minimal leasing potential. 

    By the way, Walgreen's typically doesn't own the properties where their stores are located.  They are leased from private investors.
    #5
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/25 17:50:51 (permalink)
    1. The owner of the Kahiki sold it to Walgreens, not a developer.
    2. The Kahiki was labeled "one of the top 10 endangered historic buildings in Ohio."

    [link=http://www.dispatch.com/live/content/local_news/stories/2010/08/25/10-years-after-torches-go-out-kahiki-memories-live.html?sid=101]http://www.dispatch.com/l...ries-live.html?sid=101
    [/link]
    #6
    saps
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    Re:Gone: The Kahiki 2010/08/25 17:58:33 (permalink)
    Why would you decline to go into Walgreen's since it was the owner that made the choice to sell it?  He didn't have to sell it to Walgreen's, and Walgreen's didn't do anything wrong. 

    What should have been done to keep the building?  If you buy something, you need to be able to support the debt service and all of the expenses. How do you do that with such a limited use concept?
    #7
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/25 18:58:36 (permalink)
    I choose not to give any of my money to Walgreens because they tore down the Kahiki. I do not care why they tore it down. I do not care why the owner sold the site to Walgreens. I care only that it is gone.
    #8
    valboy
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    Re:Gone: The Kahiki 2010/08/25 19:04:18 (permalink)
    #9
    saps
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    Re:Gone: The Kahiki 2010/08/25 19:33:12 (permalink)
    I've always found it funny that people want their own personal freedom, yet want to determine what a property owner should or shouldn't have on their property.

    So Michael, what should have been done to keep the building?  Should the Sapp's not have sold it and kept it to their own detriment? 

    Should Walgreen's have declined to buy it so that someone else could come in and take advantage of a good location?
     
    What would you have done if you owned this property with a vacant building such as that and someone made a good offer on it?
    #10
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/25 19:45:40 (permalink)
    There wasn't a vacant building when it was sold. It was called a restaurant, and it did excellent business. The owner preferred to spend his time with his frozen (Kahiki) foods business, so he sold the place, and used a great portion of the proceeds for his expanded frozen foods operation in Gahanna. He had every right to sell it -- it was his. And I have every right to not patronize the company that bought it and tore the place down to put up a drug store -- and by the way it would appear there is now one Walgreens in Columbus for every 12 people.
    #11
    saps
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    Re:Gone: The Kahiki 2010/08/25 19:59:27 (permalink)
    You don't have to patronize anything that you don't want to.

    But I'll ask again.  What should have been done to keep the building?  Why would someone want to take that economic risk?
    #12
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/25 20:29:42 (permalink)
    saps

    You don't have to patronize anything that you don't want to.

    But I'll ask again.  What should have been done to keep the building?  Why would someone want to take that economic risk?

    Economic risk? Every business is an economic risk. Are you asking why anyone would want to buy a thriving business such as the Kahiki? Perhaps because it was a thriving business?
     
    But you see, the owner didn't want to sell it to someone who would operate it as the Kahiki. He wanted to sell it for the money and then open a Kahiki in downtown Columbus.
    #13
    kland01s
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    Re:Gone: The Kahiki 2010/08/26 10:23:53 (permalink)
    I ate at the Kahiki once in the 1960's while visiting the family of a college friend. I mostly remember a pretty awesome dessert that was served in a counch shell. It was also quite dark in the entrance where there was a large pond, I thought I was going to fall in!
    post edited by kland01s - 2010/08/26 11:45:42
    #14
    Wintem01
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    Re:Gone: The Kahiki 2010/08/26 11:30:27 (permalink)
    I could be mistaken, but towards the end I had understood that the business at Kahiki was barely limping along and the building had fallen into disrepair. The demise of the Kahiki had been predicted for years by many. Still, a shame. I remember it fondly.
    #15
    saps
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    Re:Gone: The Kahiki 2010/08/26 11:31:09 (permalink)
    Michael-

    No, I wasn't asking why someone would want to buy a thriving business as the Kahiki and we know that the owner didn't want to sell it to someone who wanted to operate it as such.  The owner killed the Kahiki, not Walgreens. 

    The larger economic risk comes in purchasing the property because of the uniqueness and limited use of the structure.  Keeping that structure would most likely not be the best and highest use of that property, and it would be a very difficult space to lease, unless it's to a Polynesian themed restaurant or something similar. 

    So I'll ask the same questions again, and hope for an answer:

    What should have been done to keep the building? 

    Should Walgreen's have declined to buy it so that someone else could come in and take advantage of a good location?
     
    What would you have done if you owned this property with a building such as that and someone made a good offer on it?   
    #16
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/26 13:33:36 (permalink)
    saps

    So I'll ask the same questions again, and hope for an answer:

    What should have been done to keep the building? 

    Should Walgreen's have declined to buy it so that someone else could come in and take advantage of a good location?
     
    What would you have done if you owned this property with a building such as that and someone made a good offer on it?   

    1. Beats me.
    2. Not my decision to make.
    3. It doesn't matter.
    #17
    saps
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    Re:Gone: The Kahiki 2010/08/26 13:42:48 (permalink)
    Thanks.  Very insightful.
    #18
    Michael Hoffman
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    Re:Gone: The Kahiki 2010/08/26 13:52:50 (permalink)
    saps

    Thanks.  Very insightful.


    You want insights buy the magazine.
    #19
    mayor al
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    Re:Gone: The Kahiki 2010/08/26 14:14:54 (permalink)
    The dead horse has been beaten beyond recognition.  End of argument as of now.
    AL
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