Alexander Alusheff

Lansing State Journal

LANSING - A plan for a downtown rooftop bar where drink prices would rise and fall like stock prices is no longer in the works.

Last week, Eyde Company terminated its deal with Lansing Beer Exchange to open on the northwest corner of Washington Square and Washtenaw Street above Domino's.

"We tried to get it going, but we couldn't get it done" said Nick Eyde, principal at Eyde Co. "It's frustrating. We spent two years holding that space, but it's got to be the right fit."

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James Flora, of Kalamazoo, signed a lease with Eyde Co. to bring the Lansing Beer Exchange downtown in November. The plan had been to open it this spring.

He started the Kalamazoo Beer Exchange in 2010. The craft beer bar and restaurant is popular for its stock market pricing. Demand for certain beers can raise or lower their price. A few times a day, the market "crashes" and brings every beer down to its lowest price for five minutes. That would be $2.50 for a Bell's Oberon and $1.50 for a Miller High Life.

Flora could not be reached for comment.

"I think everybody was excited for this," Eyde said. "I was the biggest cheerleader of that coming to downtown. I hope Jim and his group still consider Lansing in the future."

In the meantime, Eyde said he is marketing the property to other prospective tenants.

"Something else will work for that space," he said. "I don't think this is a set back."

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Alexander Alusheff is a reporter at the Lansing State Journal. Contact him at (517) 388-5973 or aalusheff@lsj.com. Follow him on Twitter @alexalusheff.