Welcome to The Closing Bell. This is your last stop for biz scoops before the weekend — a roundup of real estate, retail, financial and other business news that can’t wait for Monday.
We have a lot of commercial real estate news this week, starting with a new healthy dinner option coming to the corner of Eastern Parkway and Bardstown Road. The competitive world of financial advising has claimed another victim, while Costco’s coattails bring new hopes of prosperity to one Bashford Manor property owner. Meanwhile, Brown-Forman wants to drone your booze to you. And a hot local app developer upgrades its central offering.
Former CeFiore spot in Highlands to become Korean restaurant
It was a sad day for “healthy froyo” fans when the quaint little Highlands frozen yogurt shop CeFiore closed its doors in October. A Facebook post promised a new venture by the same owners, to be open in early 2015. And finally, “Opening Soon” signs have been posted and indoor construction has begun on a Korean-inspired concept called Sarang.
In fact, Bardstown Road shufflers have even been privy to a menu, which you can pick up right outside the door, that boasts everything from bibimbap and mandoo to ramen and dak-kangjung. The Asian treat bubble tea, which CeFiore also sold, is on the menu as well, but the froyo is but a distant memory.
The menu describes the restaurant’s focus:
With the harmony of fresh vegetables and light-tasting namul (general term for Korean seasoned vegetables dish) with the main ingredients, embodying a balance of colors and flavors that is supported to represent a healthy, balanced meal.
Sarang Bibimbap is a balanced food that provides the right amounts of the five major nutrients (carbohydrates, proteins, minerals, vitamins and fats) and traditionally with a Korean hot chili paste called Gochujang.
Insider placed a call to the restaurant and spoke with one of the owners, but unfortunately, due to a language barrier, we didn’t get many details. The friendly woman did say she hopes to open Sarang in mid-April, so stay tuned.
Sarang is located at 1908 Eastern Pkwy. There’s a Facebook page set up for the restaurant, but there’ve been no posts to date.
The restaurant is located in the Schuster Building. The former home of the Uptown Theater is on the National Register of Historic Places. Long a mixed-used development, it’s also home to Qdoba, Smoothie King and BlueMile running store. Interestingly, its architecture influenced Highland Station, the mixed-use development that is cater-corner from the Schuster Building, which was built to complement the historic brick structure.
Bashford Manor Bed and Breakfast on the market days after Costco confirmation
We’re not surprised Costco’s planned new store at the former Showcase Cinemas site on Bardstown Road in Bashford Manor has produced some neighborhood coattails, but we’re impressed at how quickly they’ve taken shape.
The Bashford Manor Bed and Breakfast Inn and Hotel, a national historic landmark that Abraham Lincoln visited while at nearby Farmington and whose farm produced a Derby-winning thoroughbred, went on the market this week for $950,000. Built in 1796 and formerly known as Bray Place, the mansion — which sits at the end of Bashford Manor Lane near Bardstown Road and the Lowe’s-Walmart-Target area — is owned by Cynthia Cooke.
Cooke, a geographer and preservationist, says with Costco coming in and other revitalization work ongoing, including efforts to close the beleaguered Economy Inn, the neighborhood is on the precipice of a major commercial change, which makes it a good time to sell. The mansion was recently renovated, and a carriage house and garden suite were added. It has nine suites, each with a private bathroom.
“The community, the corridor and the conclusion of this careful renovation are part of a solid revitalization paradigm with great centrally located geography, and the Costco decision on Bardstown Road at the top of the Highlands is a lovely part of that with its reputation,” she says.
Cooke bought the Bray Place for $436,000 in 2007 and converted it into a bed and breakfast. She says she’ll retire after the sale.
Commercial real estate brokers Gant Hill and Robert Wang of Gant Hill & Associates are handling the listing.