Small businesses slated for demolition in Cherry Creek

DENVER -- Call it the price of progress.

After five successful years at East Second Avenue and South Detroit Street, family-owned Scented Studio was hoping for a banner holiday.

Instead developers plan to tear down their building.

"It's probably going to be a really great building that's going to be here,” said owner Cindy Dassinger. “But unfortunately it just doesn't leave us an option to go anywhere.”

On the eve of Small Business Saturday she and many small business owners in her building face the same fate, making it harder for people looking to shop local she said.

"You are supporting that five-year-old that's taking ballet classes,” said Dassinger, “You are supporting that locally owned and family owned operation.”

A few years ago a local owner decided to open Duke's Corner Store when he couldn't find any place in Cherry Creek to buy the stuff sold in his shop.

"We're going to be closing next week,” said manager Joseph Glorioso. “Unfortunately end of the month our lease is over and so we have no place to go at this point.”

But Cherry Creek is undergoing a huge development boom with seven major projects underway, including a boutique hotel planned on the footprint of their building.

Andy Samaras has operated Concord Custom Tailors for 25 years and hopes to relocate somewhere in Cherry Creek.

"Hopefully it will work out," he told us. "What's going on in Cherry Creek I expected it sooner or later I was hoping it would be later.”

It's interesting to note on Black Friday that for every $100 spent in a small business like his about $70 stays in the community.

Compared to about $40 if spent the money at a big box store.

"Bringing it back to the neighborhood,” said Dassinger, “It's not going anywhere. We are just small business. We are here just for our community.”

And with new locations for "mom and pop" stores being crowded out of the marketplace it's getting harder for them to stay in business.