Longtime retail tenant buys Carytown building it's in to avoid rent hikes

Jack Jacobs photo)
In a bid to steady its rent for the long run, a Carytown clothing store has become its own landlord.
The owners of AlterNatives Boutique at 3320 W. Cary St. bought the building it calls home from Jim Stevens for $430,000 in a deal that was recorded with the city in early May.
The threat of rising rents motivated AlterNatives owners Ben Blevins and Guadalupe Ramirez to buy in order to better shoulder the costs of doing business. The boutique has operated at that 1,100-square-foot, one-story building for more than 20 years.
“The problem that all the local merchants face is that the property tax and rent payments keep going up while the volume of sales and margins are not increasing,” Blevins said.

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