News Business Sports Entertainment Life Obituaries Opinion
Jobs Homes Cars Classifieds Shopping
Local Bloggers Cheap Tech Eco-Confessions Faceoff Furst Draft Heard on the Street Med City Movie Guy Pulse on Health Political Party

Search PB Blogs

Loading

Categories

1353 posts categorized "Retail news"

March 06, 2015

10 years of blogging Rochester

On March 4, 2005, I wrote my first blog post. Kiger's Notebook blogo 2x

It was my sixth year at the Post-Bulletin. I created the "Heard on the Street" column about three years before the blog began. 

More  than 6,200 posts, stacks of columns, mountains of tweets and many gray hairs later, I'm still here writing about business and things vaguely related to businesPhoto on 2015-03-03 at 18.11s in southeastern Minnesota.

It'syou, the readers, who make this career such a fulfilling and entertaining one. Thank you everyone for your feedback, criticism and support over these past 10 years. 

10 years of blogging Rochester

On March 4, 2005, I wrote my first blog post.Kiger's Notebook blogo 2x

It was my siPhoto on 2015-03-03 at 18.11xth year at the Post-Bulletin. I created the "Heard on the Street" column about three years before the blog began. 

More than 6,200 posts, stacks of columns, mountains of tweets and many gray hairs later, I'm still here writing about business and things vaguely related to business in southeastern Minnesota.

It's you, the readers, who make this career such a fulfilling and entertaining one. Thank you everyone for your feedback, criticism and support over these past 10 years.  

February 19, 2015

Forager Brewing Co. on tap for Kutzky neighborhood

Here's some from my article today about a proposed brewery/coffee house/wood fired pizza shop and local market.

-------

A new project promises to bring a small batch brewery, wood fired pizzas, a coffee shop and more to Rochester's Kutzky neighborhood by this summer.

Foragersketch1The plan is to transform 5,000-square-feet of the former Good Food Store building at 1005 Sixth Street NW into The Kutzky Market. Spearheaded by majority owner Annie Henderson, the concept is to bring together a coffee shop, brewery/restaurant, a leasable commercial kitchen, and a local retail market.

"With everything going on with DMC (Destination Medical Center initiative) and the hype around downtown, we decided to look in the core neighborhoods," said Henderson. "We wanted it to be something community based and neighborhood based, but still walkable from a lot of people's houses."

The building has been empty since the Good Food Store closed in 2013 and merged with the People's Food Cooperative in downtown Rochester.

Kutzky Market has a lot of permits and construction yet to get through before it becomes a reality. She estimates it should be ready to open sometime this summer. Some interior demolition has already started and the hope is for construction to start in earnest in March.

The main piece of this new project is Forager Brewing Co. as well as its daytime counterpart, Kutzky Coffee. Head brewer and part owner Austin Jevne will run Forager, where he will produce small batches of beer using local ingredients. The name of the brewer comes from the fact that many of the ingredients that Jevne uses are foraged from the southeastern Minnesota countryside.

Jevne the brewer and Henderson the visionary were connected by the owners of the Thirsty Belgium bar, where Jevne worked.

"It's kind of a perfect match," she said. "Austin already had that name (Forager) in mind. We thought it was a really cool name and now it's become a big part of our identity.

The conversation started about mid-January and now about month later, Kutzky Market is moving ahead.

Forager will also be a full restaurant with a focus on local, seasonal ingredients. A large wood-fired oven will be used for many of Chef Jordan Bell's dishes, including pizzas. Bell comes to Forager from the popular Nosh Bar & Restaurant in Lake City.

Another owner, Rochester architect Adam Ferrari describes Forager as "the Farmer's Market approach to beer making and pizza."

During the day, the restaurant space will serve as the Kutzky Coffee shop.

Henderson's vision also includes The Kitchen, a commercial kitchen available for lease.

"Say you want to make things to sell at the Farmer's Market. You could lease the Kitchen for that and you could also sell your things in our retail market," she said.

The Kutzky Market will focus on locally created goods, including foods created by Chef Bell.

And then there's the artistic piece. Henderson is very active with various downtown Rochester groups, including the C4 art salon, so she intends to have periodic artists-in-residence as well as three walls for the display of local art.

Forager will also feature a piece of Rochester history. The group purchased the bar from Pappageorge Taverna at the recent auction of the furnishing, art and equipment from Michaels restaurant.

"This is a marriage of all of these different fun, entrepreneurial uses under one roof," said Ferrari of the whole project.

February 13, 2015

Reuters: Hormel's near big buy of organic hot dog, bacon maker

Reuters' Olivia Oran filed an interesting story Thursday about Austin's favorite Fortune 500 company.

363Hormel Foods reportedly is "in late-stage talks" to snap up Applegate Farms. Applegate is in the organic pork biz and makes organic hot dogs, bacon and sausage.

Here's a snippet from the Reuters' piece:

A deal for Applegate Farms could be announced as early as next week and value the Bridgewater, New Jersey-based company at between $600 million and $1 billion, the people said, asking not to be named because the matter is confidential.Spamproducts

This would make a lot sense. Applegate is in Hormel's sweet spot.

It processes a lot of hogs. It would extend Hormel's geographic reach. Plus it would them more deeply into the trendy market of organic meat.

We'll have to see if Oran's insider is right and/or if Hormel can close the deal.

 

February 06, 2015

Only one area Radio Shack store to close due to bankruptcy

Bankrupt Radio Shack Corp. is closing hundreds of stores across the U.S., though Red Wing in the only southeastern Minnesota one slated to close up shop.

Radio Shack is also closing another 25 stores. Most are in the Twin Cities. Area stores in Rochester's Apache Mall, as well as in Winona and Austin, will remain open.

RadioShack_Logo_2013However, wireless provider Sprint will most likely become primary brand name on each as part of a deal to establish a “store within a store” in up to 1,750 of the acquired RadioShacks.

The 94-year-old Fort Worth-based retail icon filed for Chapter 11 bankruptcy protection on Thursday.

The consumer electronics chain, which began in Boston in 1921 as a mail-order operation supplying ship radio equipment, made the filing in U.S. Bankruptcy Court in Delaware, listing assets of $1.2 billion and total debt of $1.3 billion.

    The company also announced an agreement with Standard General, a New York hedge fund which provided a rescue loan to the company last fall, to purchase between 1,500 and 2,400 of the 4,000 company-owned RadioShack stores.

    The remaining RadioShack stores will be closed and their inventory sold off, if approved by the bankruptcy court.

    “These steps are the culmination of a thorough process intended to drive maximum value for our stakeholders,” said RadioShack’s chief executive Joseph Magnacca in a statement. RadioShack has also secured about $285 million in debtor-in-possession financing.

    The Chapter 11 filing ends a long period of decline for what was once known as America’s Technology Store, which ushered in the electronics revolution with calculators, laptop computers and cell phones but was unable to adjust to the latest wave of change.

    RadioShack, named for the part of the ship that houses radio equipment, began in Boston by two brothers in 1921 as a small retail and mail-order business. In 1963, it was acquired by Fort Worth’s Tandy Corp., a leather goods company, and moved here. The name became synonymous with its first mass-marketed personal computer, the TRS-80. Tandy Corp. changed its name to RadioShack in 2000.

January 27, 2015

Options abound for one of Rochester's oldest storefronts

While many are speculating about the future of a 129-year-old building in the heart of Rochester's downtown, the owners say they haven't locked down a plan yet.

549b9e10ed075.imageThe long-empty former Paine Furniture store at 313 S. Broadway was purchased by local developers Hal Henderson and Grant Michelitz in November. The deal also included the attached 309 S. Broadway building now occupied by Big Brad's bar on Broadway.

Some renovation work and installation of new windows is being done on the second floor, said Henderson. They also hope to build a skyway across the alley to connect the Paine building to the 318 Commons building, also owned by Henderson and Michelitz.

The University of Minnesota Rochester leases space in the 318 Commons building for student housing, office space and classrooms. A connecting skyway could make the second floor of Paine building attractive to UMR.

"We do foresee space crunches in our growth plan prior to the development of the future campus," said Jay Hesley, assistant vice chancellor for institutional advancement. While no decisions have been made, Hesley acknowledged the university had looked at the second floor of the Paine building.

"We've certainly explored all of the different opportunities that are available, and that was certainly one of them on the list," he said.

Henderson said there have been preliminary talks with UMR officials about the Paine building. He also said an option is to demolish the Paine complex and put up a building that would be a sibling to 318 Commons.

"I do have more real estate on that block," he said. "In the future, we may have a plan that we may try to unveil or look at pretty seriously." Henderson owns the adjacent Cafe Steam at 315 S. Broadway and the Canvas & Chardonnay building at 317 S. Broadway. "It all depends on what transpires in the next three to six months" with Destination Medical Center and the university's plans, he said. "I think right now, everyone is still leaving their options open."

January 23, 2015

WSN buying empty Home Design Studio on W. Circle Drive

After being empty for years, new life is on the way for a former home construction showroom in northwest Rochester. 

Widseth Smith Nolting, a Crookston-based engineering and architecture firm, announced this week it has signed a purchase agreement to buy the former Home Design Studio from Rochester's Event Studio LLC. The 32,000-square-foot complex is located at 3777 40th Ave. NW, along West Circle Drive.

HomeDesignDusk2-10x8_editedThe sale is expected to close in March with a build-out beginning in April, according to WSN. The plan is for WSN to move its increasingly crowded Rochester office into 11,000 square feet of the building by August.

"We are absolutely shoe-horned in here," said Brian Carlson, WSN's director of business development, of their current 4,500-square-foot office at 6301 Bandel Road NW. "We need to provide the space and resources for our team members to do what they do best."

WSN opened its Med City office in 2009, when it merged with QED Engineering. In 2014, it merged with Rochester's Kane and Johnson Architects. WSN now has 20 employees based here. WSN has a total of seven offices and 200 employees in Minnesota and North Dakota

The firm plans to lease the rest of the building to other tenants, probably to other professional offices. This is a very different fate than was expected for the Home Design Studio building. It opened for the first time in 2006 at the height of the construction boom, which imploded soon after.

It was designed by Kane and Johnson Architects as a home builders' showroom with model kitchens, bathrooms and other room layouts. Lead by local contractor Jerome Bigelow, a group of 13 owners optimistically launched the operation with a grand party attended by hundreds of Rochester business leaders. It had 59 people on staff working for a variety of construction-related businesses. The last occupants moved out in April 2012.

Event Studio LLC, of Rochester, then bought the unique complex from Partnership 10, of Byron, in 2013 for $1.3 million. Event Studio lists Rochester developer Dan Penz as manager on its incorporation documents.

Then in 2014, WSN began the search for a larger space in Rochester.

"We looked at lot of different buildings all around the city. We really like this building," Carlson said. "We liked the exposure. We liked the location and the ability to have our whole team in one spot."

December 30, 2014

Strip mall with Ye Olde Butcher Shoppe sold

A 68-year-old commercial center in northwest Rochester recently sold for $765,000.

The strip mall at 902 Seventh St. N.W., anchored by Ye Olde Butcher Shoppe, was purchased by Song H. Hong on Dec. 1. HonYeoldebuildingg also owns Safechoice Insurance Agency, which is based in the center.

Other tenants in the Seventh Street plaza include Catering By Design and Jakobson Management Co. The brick-and-concrete center was built in 1946, according to Olmsted County property records.

Hong bought the building from HRB LLC, which state records list as being based at 1830 Second St. S.E. HRB purchased it back in 2001 from RC Properties of St. Paul for $900,000, according to county records.

December 15, 2014

Longtime used book store sells to new owner

The cover and title will remain the same, but the "author" of a local used book shop is changing in the start of 2015.

Erik Olson is taking over the 34-year-old Paperback Book Palace from longtime owner Karen Meyer, who is retiring. The shop is in the Cedarwood Plaza, 4106 18th Ave. N.W.

Store"I see nothing but potential," said Olson, who has been a customer of the shop since it opened in 1980.

While he intends to expand the shop's online presence, Olson has no big changes planned for the business. The store exchanges used paperbacks for in-store credits of 21 percent of the book's original price. Credit slips are good for a year. Those books then go on the shelves priced at 53 percent of the original price.

"She has a very loyal customer base," he said. "This time of year, we're getting a lot of snowbirds coming in to stock up on books for the winter."

Olson says the Paperback Book Palace has about 25,000 books on its shelves in the 800-square-foot shop.

"It's a pretty cozy environment," he said.

Meyer's two part-time employees are staying on with the store. The main change for customers will be that Olson will replace Meyer as the primary face of the store.

He notes that though it has moved three times since opening, the Paperback Book Palace has long been a mainstay of the Rochester business scene.

"With all of the closings lately, I think it's nice to see something stick around," Olson said.

December 03, 2014

Paine Furniture building sold for $1.7 million

New local owners hope to breathe new life into a 129-year-old building in downtown Rochester.

Get_photoOn Nov. 20, local developers Grant Michelitz and Hal Henderson purchased the long-empty former Paine Furniture store site at 313 S. Broadway as well as the 309 S. Broadway building now occupied by Big Brad's on Broadway. The pair acquired the property from Cedric Paine under a Contract for Deed deal for $1.7 million. Michelitz said negotiations for the sale have been ongoing since the Paine Furniture store closed in 2006.

While they plan to upgrade and restore the property, Michelitz says no deals for new tenants have been signed yet.

"The word leaked out pretty quick. We have got several meetings with prospective tenants coming up here in the next week or so," he said. "We're already invested in that block. We like the direction that it is going in."

The business partners also own the nine-story 318 Commons complex used by the University of Minnesota for student housing and classes. It's behind the Paine site facing First Avenue. Henderson, the principal in the Rochester office of HGA Architects and Engineers, also owns the adjacent Press Coffee & Tea Lounge at 315 S. Broadway and the Canvas & Chardonnay building at 317 S. Broadway.

Michelitz owns the 220 and 222 buildings across Broadway from the Paine site. They both have been renovated in a classic style similar to what is expected to happen at the Paine building.

If the weather allows yet this year, they hope to soon replace the second-story windows with double hung ones that better match the original design of the building, said Michelitz. They also expect to add an elevator and stairway tower on the alley side of the building to make the second story accessible.

Built in 1885, the 313 building housed the Paine Furniture Co. for 104 years from 1902 to 2006. In 1927, the Paines expanded into the 309 building, which had been home to the Klee grocery store and the Stedman bakery prior to that.

This sale is the latest in a long string of business changes and real-estate sales in Rochester's downtown.

Michaels restaurant, Barnes & Noble bookstore and Sontes all have announced they will close at the end of this month, and Hanny's Men's Wear is closing its street-level store.

Michelitz declined to speculate on the future of the area, but seemed optimistic.

"It is really fluid right now. I think we all hope for smart growth," he said.