Hillbilly Tea to Portland

Another big scoop … all you MBB readers who thought Gill Holland and the Shine Boys were crazy when they started playing Monopoly in Portland, raise your hands, please. Higher, so we can see them.

Well, big news on Friday. IL got a note from Karter Lewis stating Hillbilly Tea is headed for Portland with a new restaurant.

I’m happy to announce that we will open Hillbilly Tea in Portland. Our new home will be in the Portland Firehouse. Just signed our lease & super excited.

We talked to Shine Contracting partner/investor Matthew Gilles, and Matt told us Hillbilly Tea will lease half the firehouse on Portland Avenue, with Gelato Gilberto leasing the other half.

We’ll have more later.

Sweet spots

Picture 2• Last Monday at our Insiders Meetup, our all-star panel of Reed Weinberg (PRG Investments), Powell Spears (Cassidy Turley Harry K. Moore), and David Hardy (CB Richard Ellis) dazzled the crowd with the reasons — including low interest rates — that Louisville is poised for growth.

Which inspired us to start asking local developers and brokers for their development/redevelopment hotspots in order to make this a regular MBB bullet item, as well as an occasional post. The first property that caught our eyes are four contiguous parcels listed by Mulloy Commercial Real Estate on Shelbyville Road, which include 12337 Shelbyville, 12339 Shelbyville and 200 Juneau Drive.

The properties are about a mile west of the booming section of Middletown where Middletown Commons retail development is under construction at the Gene Snyder Freeway, as well as the Meridian on Shelbyville apartment complex.

Four parcels totaling about 5.6 acres includes Rumors restaurant, which has had a 30-year run at the spot, and a large building that began life as a bowling alley, and is now the East Government Center for state and Metro Government offices.

In terms of development and redevelopment, we don’t think it gets any sweeter than Shelbyville Road just down from Evergreen Road, which leads to the super-wealthy enclave of Anchorage.

“It won’t be staying there three or four years looking like that,” Tim Mulloy told us. More on this and other cool properties later this week.