The Steak and Ale restaurant on West Broad Street near Glenside Drive, which closed on July 7, will not reopen. On Monday the company filed for Chapter 7 bankruptcy protection. A note taped to the door tells customers to “Visit our Hampton location.” Managers at both chains were told late Monday evening not to open… Read more »
Search Results for: broad
Shockoe Bottom-ing out?
In 2004 Richmond’s historic Shockoe Bottom was devastated by Hurricane Gaston. Drainage systems malfunctioned and overflowed, and floodwater ran freely through the streets causing extensive damage to businesses. Four years later, the area is showing a few signs of recovery, but the vacancy rate hovers above 20%. Turnover in restaurants and bars is high.
Does Carytown have a vacancy problem?
Heading east along Carytown, for every 10 to 15 occupied buildings there’s a vacant one with a placard inviting you to call a commercial real estate broker. Richmond BizSense did an unofficial count of the store fronts in Carytown: 142 occupied buildings, 22 vacant buildings. That makes for a total of 164 buildings, 22 of… Read more »
Roll the cameras: Fox 35 killing cats
Talk about a cat fight. When local TV station WRLH Fox 35 hired an exterminator to kill feral cats in a back lot of its building, the local SPCA got wind and unleashed a save-the-kittens firestorm. Now the station is dealing with a far larger problem than a few alley cats: a PR snafu that… Read more »
More crime against businesses
On Tuesday posted a story about the rising crime against businesses. Now the T-D is reporting that two downtown businesses were robbed at gun-point yesterday. “Two men robbed the Limited Edition store at 302 Goshen St., near Virginia Commonwealth University, at about 12:25 p.m.,” writes Michael Martz. At about 4 p.m. yesterday, a man and… Read more »
Grocery store shakup, aisle 8
Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. Of course, there’s always a huge untapped potential for Ukrop’s: Stay open on Sunday and sell booze. Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. “A market study released today by Food World, a trade… Read more »
A Richmond startup tries to cut health care costs
A Richmond startup thinks there’s a market for treating health care more like car repairs – encouraging employees to pay out-of-pocket for routine tune-ups and letting insurance cover the accidents and emergencies. Hoping to implement this style of health care on a broader scale, nHealth recently raised $12 million, with most of that money coming… Read more »
A business workout
This is where Rocky would train if he was from Richmond instead of Philly. No fancy, Drago-style Nautilus machines. No ab-flex roller bought from a TV special. No bikes for spinning class, no bench press, no mirrors. CrossFit RVA just opened in a 1,200-square-foot warehouse off Seventh Avenue just east of downtown (near the jail)…. Read more »
The Pipeline: Businesses on the move 6.09.08
Thalhimer reported the following deals: Ruth & Ollie has leased 3,867 sq.ft. at 3445 W. Cary Street in Richmond and plans on opening July 14th. The furniture store currently operates in a smaller store on Libbie and Grove. The Cary Street store is under construction and will be 4.5 times the size of the existing… Read more »
Lower your chances of pulling a retirement goose-egg
It seems some lessons need constant repeating. You’d think the fall of Enron and WorldCom taught investors a valuable lesson in the dangers of having too much of their company-sponsored retirement plan in company stock. But judging by what appears to be the pending demise of Bear Stearns, whose stock plummeted from $160 per share… Read more »