zalo
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Posts posted by zalo
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add Apple Store to that list
Add Brookstone to Winston's list.
I could see Winston coming closer to getting another top tier department store first in the Triad. Greensboro doesn't even have a Pottery Barn does it?......I would put it at mediocre at best. Winston was the first to get even Abercrombie & Fitch years ago, and an H&M two years ago.
And Winston was first to get a Costco, Jason's Deli, Forever 21
(see, you're not the only one who can be petty.)
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Well, boi, you stated you've only lived in a small city like GSO so I can understand where you're coming from when you think that F.C. is "high end" But I have to question the assessing abilities of anyone attempting to describe what high end retail is when you stated in an earlier post that you had never heard of Coach Leathers (a tenant of Hanes Mall). Seriously? So forgive me if I cast askance at your forecasting abilities to predict what store is coming to what Triad metropolis first.
Actually, probably a better descriptor would be "upscale" when attempting to describe offerings of the local retail scene. I and several others on this site are of the opinion that upscale retailers is scattered across both cities and that when you attempt to proclaim Friendly Ctr. and Greensboro as the sole center of upscale retail in this area, others gentle protestations to the contrary should be meet with an open mind and not so much defensiveness. You bemuse me with your Trader Joe's reference above. The GSO TJ thread is filled with commentary from you excitedly proclaiming they're coming, they're coming!!! It's all there for anyone to read unless you pull your usual stunt and go back and do extensive forensic editing completely distorting your original thoughts.
And Toast to give you a heads up, if you're needing a Ulta Cosmetics fix while traveling in the western Triad, you can go by their store on Hanes Mall Blvd. And why was RichardC's Pottery Barn reference mute? Just curious.
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I will raise your May 12 TBJ article with my May 29 TBJ article. I think this will happen first.
http://www.bizjournals.com/triad/blog/2014/05/lorillard-ceos-comments-lead-analyst-to-believe.html
Then BAT comes into the picture. Everyone in Winston knows the 10 year deal. By the time it shakes out, the North American division of BAT will be based in the "Triad". (Throwing you a bone, boi. Don't drop it)
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FC is upper moderate at best. I lived in Dallas TX & San Diego CA for years. Believe me I know what high-end, upper moderate & no moderate
looks like. We will be well within the next Ice Age before the Triad would get a Neiman's. And a Nordstrom for that matter. -
Eric Tomlinson of the Innovation Quarter announced that a food truck island will be a part of the new Bailey Park at East End which is currently under construction in the IQ. The plan is to include spaces for several trucks along with tables and seating areas. Plans are to increase the frequency of the food trucks at the park to five days a week, based upon demand . Currently food trucks are locating at Krankie's and other nearby spots.
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Nice article on how the PMC/Kimpton deal came together. It's too bad Dennis Quaintance wasted a year trying to figure out how to solely do a hotel in such a large building. The companies are looking at approximately 50/50 split with the building. With 175 rooms/36 suites and around 130 apts. And to say they aren't wasting anytime is an understatement, he's indicating that both the hotel & apartments will be ready by late Summer/early Fall of 2015!
Nice comments on our local market: Initial thoughts on the Winston-Salem market? We have really just been in sort of the major cities in the U.S., but we are going into smaller cities and hope to continue to do that. We thought Winston-Salem just had so many great overall dynamics — the diversity of the economy, the things that are going on downtown, and of course the strong base with the university. It’s kind of a progressive business community.
http://www.bizjournals.com/triad/blog/2014/05/how-kimpton-hotels-chose-the-reynolds-building-in.html?page=all -
A line item of $50,000 in the upcoming Winston-Salem municipal budget has brought out behind the scenes discussions looking into the possibility of moving SciWorks downtown from its long time home off US 52 on the northside of the City . Talk has centered on possibly locating it at the Bailey Power Plant in the Innovation Quarter. Another mention has been the Winston-Salem Journal offices on N. Marshall Street, as that property has recently been placed on the market.
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Thanks for the heads up, Captain Redundant. Looks like Winston may be a little farther down the road since the company has already closed on the property.
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It's official: The iconic Reynolds Building in downtown Winston-Salem will be redeveloped into a Kimpton boutique hotel, apartments and a restaurant. A partnership between PMC Property Group and Kimpton Hotels & Restaurants jointly purchased the 22-story, 314,000-square-foot building for $7.8 million, Reynolds American Inc. (NYSE: RAI) announced Thursday. “Our guests want to feel like they are part of a community when they stay with us and the Reynolds Building is full of the rich history and elegance that reflects the city of Winston-Salem,” said Mike Depatie, Kimpton’s chief executive officer.
Ron Caplan, president and founder of PMC Property Group, said the developers have had their eye on downtown Winston-Salem for a number of years. “We are ecstatic that our first foray into the city is such an important landmark as the Reynolds Building,” Caplan said. “We are looking forward to bringing our upscale residential living experience to the area and introducing a dynamic, downtown destination with our partner, Kimpton Hotels.”
http://www.news-record.com/news/article_323fa137-927a-5e6f-b79a-9bc6ac32d206.html
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Per the TBJ: A top Wells Fargo analyst said Thursday a potential deal that would combine Winston-Salem-based Reynolds American Inc. and Greensboro-based Lorillard Inc. is imminent and upped the likelihood of a deal to 90 percent from 80 percent earlier this month. Bonnie Herzog, senior analyst and managing director of beverage, tobacco and convenience store research at Wells Fargo Securities, says in a new analysis that she bases her views on news reports Thursday that indicate Reynolds (NYSE: RAI) is in “active discussions” to buy Lorillard (NYSE: LO).
“We are reiterating our prior conviction that an RAI-LO combination remains highly likely - dare we say 90 percent probability?” she said in the analysis. “Given the current market environment where both targets and acquirers are being rewarded, we continue to believe this will be a value creating transaction for both RAI and LO shareholders.” She also said that British American Tobacco, Reynolds' largest shareholder, could acquire or form a strategic partnership with the combined entity.
"We believe BAT will contribute capital to help finance the deal and maintain its existing 42 percent stake in RAI in the combined entity," she said. She also said that the return of Susan Cameron as CEO is "a positive catalyst for the stock as she leads the company into its next generation of growth." -
Winston-Salem Mayor Allen Joines said he expects Reynolds American Inc. to make an announcement sometime today regarding the development of its iconic tower in downtown Winston-Salem. As the Triad Business Journal exclusively reported earlier this month, a boutique hotel and apartments are planned for the 22-story building, which was used as a model for the Empire State Building in New York City.
Sources told the Business Journal that a partnership between Kimpton Hotel & Restaurant Group LLC of San Francisco and PMC Property Group of Philadelphia intends to purchase the 314,000-square-foot building for redevelopment. Joines spoke at a NAIOP Commercial Real Estate Development Association luncheon as part of a mayors forum with High Point Mayor Bernita Sims and Greensboro Mayor Nancy Vaughan.
Reynolds spokesperson David Howard did not immediately respond to messages seeking comment. Reynolds American Inc. (NYSE: RAI) is also planning to make an economic development announcement in Tobaccoville this Friday, where Gov. Pat McCrory and newly elected Reynolds American President and CEO Susan M. Cameron are expected to speak. Speculation on that announcement has centered on the expansion of e-cigarette manufacturing there. Per TBJ. -
The TBJ reports:
CN Hotels Inc. earlier this month bought a .54-acre tract at the corner of North Cherry and West Third streets in downtown Winston-Salem and is likely planning a new hotel on the property. CN Hotels purchased 235 Cherry St. using an entity named Winston-Salem Hotel, Inc. The property includes a 14,898-square-foot office building, which is home to the Piedmont Opera, as well as a street-level parking lot. The Winston-Salem property adds to the project docket for CN Hotels, which is also planning to develop a Hampton Inn & Suites at the corner of Greene and McGee streets in downtown Greensboro, as the Triad Business Journal exclusively reported last week. “We have purchased an office building at 235 N. Cherry St. in Winston-Salem,” said Mitul Patel, a partner with CN Hotels, who declined to comment on their plans for the property.
Rich Geiger, president of Visit Winston-Salem, said he’s heard a lot of interest for a hotel on that particular property. One source with direct knowledge of the matter indicated CN Hotels is “interested in building a hotel in downtown Winston on that corner.”
CN Hotels recently opened a Courtyard by Marriott hotel in downtown Wilmington. It also operates a 121-room Holiday Inn Express on 110 Miller St. in Winston-Salem, which is located just west of Wake Forest Baptist Medical Center. “They’ve been in development mode for some time,” saidDavid Pope, a principal with Greensboro appraisal and consulting firm Hotel & Club Associates. Pope said stronger occupancy levels and room rates are generating new development in the Triad as well as in Charlotte and the Triangle.
“The new hotel supply has, up until this point, been fairly constrained coming out of the recession,” Pope said. “Now capital is available for new development, both on the debt and equity side, so developers are looking for opportunities.” CN Hotels bought 235 Cherry St. tract from ACF Enterprises Inc., which is managed by three Kernersville men: Chris Frantz, president of Allied Commercial Realty, and Mark Chandler and Robert Alexander of Alexander & Chandler P.A. Frantz declined to comment, and Anderson and Chandler did not return a message seeking comment. The existing 14,898-square-foot office building was built in 1964, remodeled in 1982 and is currently home to the Piedmont Opera. Frank Dickerson, executive director of the opera, did not return several messages seeking comment.
Downtown Winston-Salem hosts a 146-room Embassy Suites, a 315-room Marriott, the 80-room Brookstown Inn, and the 155-room Hawthorne Inn and Conference Center, Geiger said.
The hotel occupancy rate for all of Winston-Salem improved from 51 percent occupancy to 55.5 percent occupancy from 2011 to 2013, while the average daily rate has risen from $74 in 2011 to $80 in 2013, Geiger said, citing data from Smith Travel Research. “Occupancy is up over the last few years in Winston-Salem,” Geiger said. “Average rate is up in Winston-Salem.”
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The North Carolina Chapter of the American Planning Association has named Winston-Salem’s Fourth Street among the 2014 N.C. Great Places in the Professionals’ category for Great Main Streets, along with Hendersonville’s Main Street and Apex’s North Salem Street.
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News Release courtesy of WFIQ:
Clinical Ink, a provider of data-capturing technology for clinical research, will move its headquarters to Wake Forest Innovation Quarter this summer. Clinical Link has signed a lease for 7,676 square feet of space on the first floor of the 525@Vine building, a former R.J. Reynolds Tobacco facility that has been renovated and revitalized by its owner, Wexford Science & Technology, a BioMed Realty company.
Clinical Ink expects to complete the move from its current offices on North Cherry Street in downtown Winston-Salem in July. Between 25 and 30 employees will be based at the Innovation Quarter site. “The Innovation Quarter is an ideal location for us,” said Doug Pierce, Clinical Ink’s president and co-founder. “We’re looking forward to being surrounded by like-minded, innovative companies in the area that’s helping to transform Winston-Salem.”
Clinical Ink’s lead product is SureSource, a proprietary electronic platform that provides users with a paperless system for the fast and accurate recording of data, comments, explanations and other information required in clinical trials. The company, founded in Winston-Salem in 2007, also has an office in Horsham, Pa., a Philadelphia suburb. “We’re very pleased to welcome Clinical Ink to 525@Vine,” said Eric Tomlinson, D.Sc., Ph.D., president of Wake Forest Innovation Quarter. “Its pioneering work at the crossroads of information technology and clinical research fits perfectly into the community of discovery and development that’s evolving here.”
By the end of 2014, Clinical Ink will be sharing 525@Vine with Wake Forest Baptist Medical Center’s Division of Public Health Sciences and Physician Assistant Program, Forsyth Technical Community College’s Center for Emerging Technologies, the Innovation Quarter branch of the YMCA of Northwest North Carolina and Flywheel, a co-working innovations space. -
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The Winston Factory Lofts & The Gallery Lofts (old B&W Bldg.) are right next to the RR tracks in downtown Winston and they constantly have a waiting list to get in .It appears there's a market consisting of urban dwellers who are looking for that true "authentic" urban experience. However, all three buildings are original factory bldgs. and not new construction like the Smothers.
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The North Carolina Biotechnology Center awarded nearly $2.5 million in the third quarter of its 2013-2014 fiscal year, released in a recent news report. Wake Forest University Health Sciences received an Institutional Development Grant in the amount of $195,764 to establish a molecular imaging, manipulation and force measurement core resource at Biotech Place in the downtown Innovation Quarter research park in Winston-Salem. Researchers throughout the region will use the facility for nanometer-scale imaging, probing and measurement, the Biotech Center said.
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Looks like local foundations will need to pony up some $$$ to get this thing going. As reported in the Rhino Times. Why is it that the N&R, the paper of record for Greensboro does not choose to report on such details as outlined in this article?
The National Folk Festival, which announced on Thursday, May 1 that it has picked Greensboro to host the festival from 2015 through 2017, has a recently troubled financial history. The National Council for the Traditional Arts (NCTA), which runs the festival, lost $100,000 on its 2011 festival in Nashville, canceled its 2012 festival, held only a skeleton, one-day event in 2013 and does not plan to hold a festival this year. The festival costs between $1.2 million and $1.4 million to put on. The NCTA provides $230,000 in technical assistance, including technical expertise and a tractor-trailer full of sound equipment that Olin called a “festival in a box.”
But that $230,000 is off-budget, meaning the funding for each festival comes from donations from local business groups and individuals and in-kind services provided by host cities. The NCTA was cited in the Nashville daily paper, The Tennessean, as suggesting after the 2011 festival that the festival would not return to Nashville unless the local business community got its act together.
At the Carolina Theatre, speakers said the festival in the past has drawn 80,000 people in its first year in a city and up to 150,000 by its third year. The plan is to hold the three-day festival in downtown Greensboro at unannounced dates in the fall of each year. Philion said the NCTA plans to hold the festival in the fall because the weather in Greensboro is more predictable then. The Nashville business community must not have produced the donations the NCTA wanted, because the NCTA canceled the 2012 festival. In 2013, the NCTA held a daylong “74th National Folk Festival Showcase” in St. Louis – not the National Folk Festival, but one part of Fair Saint Louis, the city’s annual Independence Day festival.
http://www.rhinotimes.com/national-folk-festival-finances-uncertain.html
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Here's an announcement on a new to the Triad concept.
Three Winston-Salem companies have made plans to open a co-working space they’ve dubbed Flywheel in the new 525@Vine building in the Wake Forest Innovation Quarter. Flywheel has signed a lease for 11,585 square feet of space in the building with plans to open in June. Flywheel will offer independent contractors, entrepreneurs and others flexible short-term and long-term memberships, allowing access to both open and enclosed work spaces and support services 24 hours per day, seven days a week.
“Co-working is a national trend that’s taking hold, especially in urban markets,” said Peter Marsh, vice president of Workplace Strategies Inc., a Flywheel partner firm along with Storr Office Environments Inc. and Wildfire LLC. “We are excited to bring this concept to life in Winston-Salem. We are creating a knowledge-sharing environment driven by innovation, not just a place for people to work.” Part of the space is a one-quarter-scale basketball court that can be converted into an auditorium seating 100 people for events that will be open to the community.
Members will pay for various levels of access to the space and its services, from as little as $20 for a day pass up to $1,500 per month for an enclosed office space with room for multiple people. Memberships will come with certain levels of access to amenities such as copier use and video conferencing.
The space isn’t set up for laboratory-based businesses, but Bennett said Flywheel should appeal to a wide variety of entrepreneurs, from software developers to interior designers — anyone who could thrive from a collaborative, community-oriented space, he said. “Ultimately, the success will come from having helped a person with a single great idea grow to the point that they need office space for six or eight, and then 30 and then 75 and 100,” Bennett said. “We want to get these folks started, and then out into bigger space.”
http://www.bizjournals.com/triad/news/2014/04/08/co-working-space-for-entrepreneurs-planned-for.html?page=all -
Inmar Inc. opened the doors Monday to its new headquarters, showing off downtown Winston-Salem’s latest signature building and the energy generating from the largest workforce within its research park. Inmar, founded in 1980, is a technology firm that offers consulting and digital software services in the promotional, health care and supply chain industries. It announced plans to move downtown in August 2012.
The company began moving into the 242,000-square-foot building in Wake Forest Innovation Quarter in January, but only had its workforce of about 900 together for the past two weeks. As promised, the five-story headquarters is stunning in terms of natural lighting, creative architectural touches, LEED-certified energy savings, glass-enclosed workspaces and lavish branding of all things Inmar. It’s also quickly becoming a big selling point in recruiting clients and new employees, said David Mounts, Inmar’s chief executive.“The location, along with all the momentum occurring downtown, is attracting not only young professionals and millennials, but skilled employees across all ages,” Mounts said.
Gayle Anderson, president and chief executive of the Winston-Salem Chamber of Commerce, said having Inmar’s workforce downtown “will make a huge impact on retail, restaurants, housing, and daycare. Those groups are all celebrating with you today,” Anderson said. Mayor Allen Joines called Inmar “the poster child” for how the community is transitioning its economy toward a knowledge-based economy.
Winston-Salem business leaders have pointed to Inmar's downtown move as a tipping point and game changer for diversifying the research park beyond biotechnology and life sciences. Inmar has been made eligible for $7.3 million in performance-based local and state incentives. Mounts and Eric Tomlinson, president of the research park, repeatedly cited the Inmar move as a prime example of the emergence of the local digital health sector.
So much so that Inmar and the Division of Public Health for the Wake Forest School of Health announced Monday they already have formed the first of what could be several collaborative initiatives. The project involves using Inmar’s digital analytics to help the division more quickly locate and enroll patients for its clinical trials. Tomlinson said the initiative could reduce the enrollment process from as much as two years to as little as two to three months, “which can be a significant cost savings for the clinical trial and hopefully bringing treatments to the patients quicker.” The opportunities for digital health “are unprecedented, and investors and health care officials are awakening to that,” Mounts said. Mounts said that the initiative shows that “we can help deliver innovation through technology that improves the lives of people in our community and across the globe.”
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I guess time will tell once Swofford leaves as to how the tournament will be divvied up long term among various cities.
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Thanks for the source. Having their position on a possible move described as "bullish", does not necessarily convey that they were actively lobbying for the move, but rather considering the newly constituted league along with the economic dynamics of the possibility of going to NY, that they are merely supportive of the option. It definitely makes sense to have a multi-year presence there.
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Please reference your sources that Krzyzewski & Williams lobbied to move the tournament out of North Carolina.
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Atlanta is also the home of Georgia Tech....
looks like. We will be well within the next Ice Age before the Triad would get a Neiman's. And a Nordstrom for that matter.
Friendly Center & The Shops at Friendly
in The NC Triad
Posted
Don't know, Don't care.