On the heels of the Encore retail spaces having sold earlier this week for $11.5 million (read here), the owners of Daily Juice Cafe have landed a permit to build out their 850-square-foot space in the SoBro-based tower.
MTLC Building Group will handle the job, with the permit valued at $140,000.
Based in Austin, Daily Juice Café is a franchisor that bills itself as the only concept in its segment that offers “100 percent real foods, vegan and gluten-free” via its organic juices and smoothies.
Daily Juice, which will occupy the space located to the left of the Encore garage entrance (read more here), is the second Middle Tennessee location for business partners Robbie Nowinski and Josh Akright, who also own the Daily Juice at Seven Springs in Brentwood.
We know Nashville is hot — whether the industry is health care, real estate or music. It's also gaining stature in the TV world, it appears: Jack Black and Dwight Yoakam are reportedly teaming up to executive produce Belles & Whistles, a Fox comedy-with-some-music series set in Music City. Adam Gold with the Scene passes on the info here.
SunTrust analyst Jake Bartlett has launched coverage of a number of restaurant names. Among them is Cracker Barrel Old Country Store, which he has given a 'neutral' rating and a $164 target that is 10 percent higher than where the stock (Ticker: CBRL) opened Thursday's trading. Bartlett's enthusiasm is tempered by his belief that investors already have priced into the stock the major things the Cracker Barrel team led by CEO Sandy Cochran could do with their balance sheet or real estate holdings.
Shares of Genesco are getting a boost today thanks to C.L. King analyst Steven Marotta, who has hiked his rating on the Nashville-based company to 'strong buy' from 'buy.' As of 11:10 a.m., Genesco (Ticker: GCO) was up almost 5 percent to $60.65. The shares are still down about 20 percent year to date, though.
Brookdale Senior Living stock is headed in the other direction today, thanks to Kevin Fischbeck at Bank of America Merrill Lynch's downgrade of the company to 'neutral.' Fischbeck's call comes a day after Brian Tanquilut at Jefferies trimmed his price target for Brookdale to $40 from $44. Late this morning, Brookdale (Ticker: BKD) was trading at $23 and change.
And lastly, Roger Read at Wells Fargo has grown more constructive on several parts of the energy sector. That led him to lift his ratings this week on Delek US Holdings and other oil refiners to 'outperform' from 'market perform.' Delek shares (Ticker: DK) are up slightly Thursday to about $27.50 and are flat year to date.
It's a big day for the Goldberg brothers' Strategic Hospitality and chef Rene De Leon: Tonight, they will formally open the doors to Le Sel, a "New French" restaurant in Midtown's Adelicia condominium building. Our colleague Nancy Floyd at Nfocus fired a few questions at De Leon about Le Sel and Nashville's restaurant sector as a whole. Here's a taste of the conversation:
What's your sense of Nashville's fine dining scene? Do you think we're reaching a saturation point?
I think the fine dining scene in Nashville is a bit more casual than other cities might consider their fine dining scene. Places like Husk or Rolf and Daughters are incredible restaurants but not necessarily fine dining. I would like to think Nashville can support other fine dining restaurants, but I haven't been here long enough to know for sure.
Here, courtesy of Josh Habiger, is a shot of the bar area...
...and the main dining room:
Locally based cleaning services franchisor Chem-Dry has signed a master franchisee to develop Trinidad & Tobago, making the Caribbean island nation the 50th country in which Chem-Dry does business. The company plans to keep trucking and is targeting parts of Europe, Asia and Latin America, where its business mix often differs from that in its home territory.
For example, while 80 percent of Chem-Dry’s domestic business is residential and 20 percent commercial, the opposite is true in most countries outside the U.S. Manuszak attributes this primarily to the high priority many countries place on healthy work environments.
Former Warner Music Nashville Senior Vice President Jeremy Holley and Creative Artists Agency agent Laura Hutfless have teamed up to launch FlyteVu, a marketing agency that looks to combine strategy, creative services, partnerships, music licensing and event activation to link artists with big brands. Between the two of them, Holley and Hutfless have worked with blue-chip names such as Anheuser-Busch, AT&T, Kraft, Pepsi and Samsung, among others. MusicRow has more info here.
Arizona-based Sprouts Fresh Market will early next year open a store in the Maples Shopping Center on Highway 96/Murfreesboro Road in Franklin. The lease for space formerly occupied by Stein Mart fills one of the last Maples gaps for owner Brookside Properties, which bought the center in the middle of last year and has since been investing heavily in renovations. Sprouts, which was founded in 2002, runs more than 200 stores in 13 states. Its Franklin outpost will employ about 100 people.
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