Business Update in the Center City
One of the oldest restaurants downtown, Arby's abruptly announced its closing, December 2010 |
Ice Skating Rink dematerializes, Market Square, January 2011 |
Just Ripe seems a long way from ripening, Daylight Building, January 2010 |
Hotel Saint Oliver, January 2011 |
One of the major business stories being followed downtown is the purchase, closure and renovation of the Hotel Saint Oliver in the Kern building at 1 Market Square. I assume the goal is to go from shabby-elegant to more elegant. The new proprietors indicated they want to have more of a presence for the hotel on the Square. I'm not sure how they can accomplish this without removing the Market Square Kitchen, which seems to be a popular breakfast and lunch destination. I haven't heard any mention of removing the restaurant, but I don't see how the hotel is a factor on the square, other than the rooms that overlook it, unless they do so. Stay tuned on that.
There are also vacancies awaiting a commitment from an entrepreneur. Just a few doors down from the Kern Building is the now vacant former-home of Abode. I strongly hope we get another retail store selling useful items to downtown residents and not another restaurant. I think downtown can still support additional restaurants if they are different from the current offerings, but I certainly don't think that is our greatest need, right now. Also vacant is office space immediately west of the Kern Building on Union Avenue. Further out Union Avenue is the Daylight Building, home of Just Ripe, mentioned above. It also has vacancies in a very nice spot just a couple of blocks off Market Square nestled in among Just Ripe, John Black Photography and the Happy Envelope.
2011 promises to be a busy new year for downtown as change seems to be the only constant. Change is one of the most exciting elements to urban living. Something new always arrives, something old disappears and is mourned and, most predictably, there will always be a surprise just around the next corner.
Labels: Arby's, Blue Coast Burrito, Business, Hotel Saint Oliver, Just Ripe
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