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67 posts categorized "Todd Schwarz, Rochester, Minn."

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 12, 2015

Prosthetics lab complex sold for $4.51 million

The Rochester commercial complex that houses a prosthetics firm and a veterinarian clinic recently sold for $4.51 million.

02122014prostheticslabcomplexRochester developer Gus Chafoulias sold the 13-year-old building at 121 23rd Ave. SW  to Mace Holdings LLP of Billings, Mont. Chafoulias developed and owned the 28,000-square-foot facility through his company, ACG Second Street LLC.

Prosthetic Laboratories of Rochester, Inc. and Affiliated Emergency Veterinary Service are tenants in the center, which stands in front of the Shorewood Senior Campus along Second Street Southwest. Chafoulias was invested in Prosthetic Labs until it sold to Hanger Inc. last year.

Michael R. Mace, managing partner of Mace Holdings, says the purchase is simply an investment for he and his wife.

"We think Rochester, Minn. is a dynamic community with wonderful people. We just think it's a great place to be doing business," said Mace.

October 16, 2013

First Alliance to open new Roch. branch on 55th Street

First Alliance Credit Union hopes to open a new Rochester branch at 3900 55th St. N.W. in early 2014.

The Rochester credit union is leasing the 700-square-foot space aNew1stalliancebranch10162013nd plans to have three employees based there. It shares the building with the local Veteran's Affairs clinic. 

This will be First Alliance's fourth Rochester branch, including a small one-person office in the Kemps' facility on North Broadway. First Alliance also has a branch in Byron.

"This is a great opportunity to get our footprint in the market on 55th Street," said Mark Hettinger, First Alliance's chief operations officer. "A sizable percentage of our members live in the northwest area."

First Alliance is moving into a space last leased by Home Federal Savings Bank, which moved out last spring. Home Federal originally built the 9,800-square-foot facility in 2002. The Rochester bank sold the building to Les Nelson, of Clear Lake, Iowa, in 2009 for more than $2 million.

With the rise in online banking and direct deposit, today's customers don't go to branches to deposit paychecks or make withdrawals like previous generations did. However, customers do still like to deal with a person for some transactions, particularly for things like loans and mortgages.

"Branches are smaller now and really need to be strategically positioned," he said. The branch manager for the new branch also will be a loan officer.

That's why First Alliance is opening this branch on 55th Street, while it also owns land on 41st Street Northwest. Hettinger plans to watch the 55th Street location to help First Alliance gauge how to best use the 41st Street property.

Meanwhile, on the other side of the city, the credit union also is building a new full-service ATM site just off of 48th Street Southeast in Rochester's Shoppes on Maine development. It's being built near the big monument sign at the entrance to the commercial area.

Grading and ground work has begun there and Hettinger hopes to have the ATM site up and running by the end of November.

September 04, 2013

New BK to start cooking

The ever-alert Todd Schwartz spotted a sign on the new Burger King fast food eatery on Marion Road saying it's opening today (Wednesday, Sept.4).

6a00d83451cc8269e2017d3bf391ec970c-250wiThis is the new place built by franchisee Dolphin Corp. on a long empty chunk of land at the corner of 12th Street Southeast and Marion Road Southeast.

That spot is in front of the new Marion Road Business Center and the Kwik Trip station on Marion Road. It is across 12th Street from the Cub Foods Plaza, where Dolphin has a Burger King. The new BK is replacing its older sibling location.

Dolphin Corp. owns all three Burger King restaurants selling in the Med City. They're located along South Broadway and North Broadway, as well as in the Cub Foods center.

June 03, 2013

Massage clinic to plant new express location near downtown

When a flower flourishes beyond what its location can support, gardeners often take cuttings from it to plant in new areas.
That's a pretty accurate description of what Tina Ridler is doing with her new spin-off of the Med City's popular Lilac Wellness Center.
LilacWellnessCenterLOGO_FINAL0While her main massage and health clinic at 3270 19th St. N.W. in the 19th Street Business Park isn't going anywhere, she is ready to plant a new Lilac Wellness Express location closer to Rochester's downtown.
She said she hopes to open the doors of her second Lilac at 606 Second St. S.W. in early July.

The concept is that Lilac Express will be a same-day appointment/walk-in friendly facility designed to cater to downtown professionals and Mayo Clinic visitors.

That means it will focus on different services than her full massage studio. The express will offer shorter, "over the clothes" treatments more in the 30-minute range. The services will include chair massage, "Pillossage" (Thermal Tissue Release), aromatherapy, hand massage, scalp massage, shiatsu, cranio/sacral as well as reflexology.

"Don't let the express services fool you," said Ridler of her new project. "This office plans to be a tranquil healing oasis in the midst of our city's downtown hustle and bustle."

Why launch a satellite like this?

Ridler said she wants "to expand Lilac's reach in the community." Plus, she and her staff receive many requests from potential clients who are located in downtown.

To get this new endeavor rolling, Lilac's team of seven professional therapists, including Ridler, will staff the express location at the start. The plan calls for more staff members to be hired as business picks up.

May 25, 2013

Rochester coffee & tea shop's Kickstarter campaign in final sprint

It looks like Chris Holloway's Kickstarter campaign to raise $15,000 to finish off his new downtown Rochester coffee house project is kicking it into high gear in the final hours.

Holloway is working on Press – Coffee and Tea Lounge at 315 S. Broadway. It's next to the new Canvas & Chardonnay.

919951_461209513958518_2025146667_oWith about a day left in the campaign, the tally is at almost 14,000. A few more "Benefactor Club" pledges might put him over the top.

His prospective shop is in the middle of a stretch of old classic downtown buildings from the 1800s. Think exposed brick and old hardwood floors.

His hope is to be able to start pouring in early June. It'll stay open at least until 10 p.m., maybe later.

Holloway has lined up Roastery 7, a well-known artisan coffee roaster in Brooklyn Center, Minn., as the pipeline to supply the jolt juice.

63569_450578815021588_1633857665_nHere's an unexpected behind-the-scenes twist: Holloway doesn't drink coffee himself. However, he is a big fan of tea. So he is pretty excited about the recent move of one the area's largest tea importers — Mandala Tea — from Winona to just a few blocks north from him.

"Mandala Tea will provide flavorful loose-leaf tea for all of our teas, including the iced teas," he says. "I didn't want to spare the expense on the coffee or tea. We'll have the best coffee and tea in town."

After the two main drinks, a coffee shop also needs to have food. Holloway is in talks with People's Food Cooperative to provide an array of morning pastries, deli sandwiches and salads for lunch, and desserts for late-night snacks. People's is a future neighbor of Press, building a new grocery store with its own eatery a few blocks to the south. And if the arrangement with People's doesn't work out, Holloway is considering other local options.

He expects to have seating for about 40, plus a few more on a small back patio. Soon he'll start hiring his staff of about 10.

Unlike corporate caffeine chains, the plan is to create a unique atmosphere that invites customers to linger, chat, collaborate or just recharge.

Holloway has launched a Kickstarter campaign to raise the final $15,000 he needs to get Press open. Backers will receive a wide range of rewards, depending on their level of investment.

Give $10 and you get a decal and your name on the Founders Wall. Give $1,000 and you get free coffee or tea for life. There are many levels of rewards in between.

It won't be the rewards, though, that he believes will convince people to give.

"I have confidence that people will see value in this project. I think they will really want to help make it happen," says Holloway.

May 24, 2013

Hormel to Rev things up with new snack wrap

Here's some from a pice by Keith Nunes on (A website with protein. Heh.) about Austin's favorite Fortune 500 company, Hormel Foods.
The maker of Spam is rolling out a new snack wrap line called REV.
REV branded snack wraps are being shipped to retailers nationwide and the company plans an advertising campaign in July to promote the new product. The new line is viewed by the company as a way to improve sales and operating income within its Refrigerated Foods business segment.

Hand_product“We are excited about the potential growth that our new Hormel REV snack wraps will bring to our Refrigerated Foods sales,” said Jeff Ettinger, chairman, president and CEO in a conference call with financial analysts on May 23.

The REV line of products will feature eight varieties, including: pepperoni, ham and cheese, peppered turkey, Meat Lovers Pizza, Italian style ham, hot pepper ham, Italian style, and spicy Italian style. Each wrap features a combination of meats, mozzarella cheese and a flatbread wrap.

Each 3-oz serving features between 15 grams and 18 grams of protein, a nutrition component that is called out on the package.

“We believe the investment we are making in the REV snack wrap rollout will establish the foundation for a beneficial new product platform for the Refrigerated Foods group,” Ettinger said.

During the second quarter of fiscal 2013, ended April 28, Hormel’s Refrigerated Foods segment had operating profit of $54,680,000, up 3 percent from $53,009,000 during the same quarter of the previous year. The segment had sales of $1,011,370,000, down 2 percent from $1,031,975,000.

Ettinger said the decline in the business unit’s sales was attributable to the planned reduction of slaughter levels at its hog processing operation and from exiting a feed sales business.

Mayo Clinic partners biotech firm to form OncoSpire Genomics

In the warm afterglow after the DMC celebrations, Mayo Clinic is rolling out a new partnership with Rutherford, N.J.-based Cancer Genetics Inc. to create a joint venture called OncoSpire Genomics.

Here's some from a piece in the New York Business Journal this week:

"… OncoSpire Genomics, hopes to discover and commercialize 11064403-cgi-pr-picturebiomarkers for multiple types of cancer, focusing on projects in the Biomarker Discovery Program at Mayo’s Center for Individualized Medicine.

Cancer Genetics said they'll start by focusing on hematological and urogenital cancers, among others.

OncoSpire will be based in Rochester, Minn., and will be equally owned by the two partners. Cancer Genetics will contribute operating capital and commercial expertise; Mayo will contribuProfilePhotoste clinical and laboratory expertise.

“Our investment in OncoSpire Genomics represents the potential for a paradigm shift in patient management that can result in more efficient use of health care resources, ultimately improving the cost structure of cancer diagnosis and treatment,” Cancer Genetics Chief Executive Panna Sharma saind in a statement. 

New #rochmn Second Street eatery, juice bar to put emphasis on fresh

Thanks to Emmett Sandberg and his Blogchester blog for the pic of the Tonic sign.
Nicci Sylvester likes to get fresh.
Soon, Rochester and its visitors will be able to get fresh meals and healthy drinks from Tonic, Sylvester's new cold-pressed juice bar and organic food restaurant.

Sylvester, who many people know from her time working at Chester's and Pescara restaurants in downtown Rochester, hopes to open Tonic in September at 1217 Second St. S.W., directly across from Saint Marys Hospital.
"We'll have about 10 fresh cold-pressed juices. We'll be able to add Greek yogurt, coconut yogurt or bananas or whatever to make them into smoothies," she said. "We'll also be able to add chia seeds, flax seeds or other proteins to the juices for vegetarians or anyone else who wants a healthier drink."

Expect a lot of the food to be locally grown and produced, with much of it coming from vendors at the Rochester Downtown Farmers Market. Tonic also will use organic products, whenever possible. The ever-changing menu will identify where everything came from and if it's organic or not.

Taking fresh to a new level, Sylvester plans to grow wheat grass right in the 48-seat eatery, so it can be harvested and juiced in front of customers.

"Being truthful on the menu is extremely important to me. It will be labeled. We'll have meat-free, dairy-free, gluten-free …," she said. "Whatever free you need it to be, we're all about it."

Look for steel-cut, baked oatmeal with fresh fruit, homemade granola bars and yogurt parfaits for breakfast, plus a full lunch and dinner menu with wraps, sandwiches and dishes such as vegetarian lasagna and some specialties reflecting Sylvester's Ukrainian background.

She plans to offer lunch delivery. Customers will be able to order meals and drinks as well as pay via a free smartphone app.

Tonic also will offer what Sylvester calls HMRs — home meal replacements. Customers will be able to order a full meal served in a real pan. Customers pay a deposit for the pan and are reimbursed upon the pan's return.

"We see this as an eco-friendly and responsible way for somebody to feed a healthy and hot meal to their family that is fresh and fabulous," said Sylvester. "And it'll taste great."

She expects to staff Tonic with about 20 employees.