Downtown Greensboro nightclubs for sale
The building at 113 S. Elm St., which housed the Much, Level 2 and Heaven triumvirate of nightclubs and dining, is for sale along with the businesses, as well as the building at 221 S. Elm St. that used to be SkyBar.
The property and businesses are owned by Trinity Entertainment LLC, helmed by Lenny Peters.
Rani Hussami, a broker with NAI Piedmont Triad speaking on behalf of the owners, said, “We are looking for the right owner/operator who will be successful in adding value and helping the revitalization of downtown Greensboro.
“We’re going to be very picky [as to] who takes it.”
The clubs at 113 S. Elm St., Hussami said, comprising some 10,000 square feet, have been closed since May 13 and are now undergoing light renovation. And while he would not disclose an asking price, he said he will be taking serious offers at 336.202.2544. — BC
Analysts: Greensboro lags other NC metro areas in job growth
Greensboro appears to be lagging behind Charlotte and Raleigh in job growth in the sluggish recovery from the Great Recession, write John Silvia and Michael Brown, respectively chief economist and economist with Wells Fargo Securities in Charlotte, in a May 26 commentary.
“On a regional basis, job growth has been concentrated in the Raleigh metropolitan area and to a lesser extent in the Charlotte metropolitan area,” they write. “The Raleigh area is experiencing the fastest recovery in its labor market, as Raleigh has a high concentration of key growth industries such as healthcare and professional and technical service employment. In contrast, the Greensboro area continues to lag the rest of the state in relative job growth in part because of the industry mix in the area.”
The authors tick off a list of strikes against Greensboro as it relates to the economic recovery.
“The severity of the job losses in the Greensboro area become apparent when compared to the last two recessions,” they write.
“Given the dramatic employment declines during the recession, it will take some time before the area reaches pre-recession employment levels.”
The housing market remains weak, but the source of the region’s trouble is tied to employment difficulties.
“The unemployment rate remains elevated at 10.3 percent,” Silvia and Brown write. “Like many other parts of the state, the professional and business services as well as hospitality industries are leading job growth in the region. Manufacturing job growth is returning; however, the pace of growth will remain subdued.”
Further: “The Greensboro area will continue to lag the rest of the state in employment growth as the area struggles to fill the void left by permanent manufacturing job losses. The dependence on manufacturing will also hold back personal income growth going forward.” — JG
Masters swimming camp to be held at Greensboro Aquatic Center
The Greensboro Aquatic Center, which is scheduled to open this summer, has landed the 2011 US Masters Swimming High Performance Camp, which is slated for Aug. 27-Sept. 1. Triangle Sports Commission CEO Hill Carrow, who was also involved in bring the 2011 US Figure Skating Championships to Greensboro in January, will serve as camp director.
“The US High Performance Camp is the highest quality camp experience for adult competitive swimmers provided by our sport’s national governing body,” Carrow said in a prepared statement. “The top masters coaches and analysts in the country lead the camp, and the experience has typically received rave reviews from past camp participants.” — JG