Category: Business

Qdoba on Colesville Permanently Closed

Qdoba Mexican Eats on Colesville Road in downtown Silver Spring has permanently closed, according to a sign posted on the front door. A view from the street shows an empty store, the fixtures and equipment gone. The sign indicates that at least some of the staff may have gone on to work at other locations; the closest ones are on Tech Road off of U.S. 29 north, and in Rockville and Hyattsville. The company has seen slumping sales in the last year or two. The chain of more than 700 stores nationally was sold earlier this year by parent...

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Ellsworth Place Officially Under New Management

Ellsworth Place in downtown Silver Spring is officially under new management and ownership, according to a post on the mall’s Facebook page. GBT Realty Corp., based in Brentwood, Tenn., has taken over the shopping center at 8661 Colesville Rd. following the sale of the building, announced in July. Petri Richardson Ventures put the center formerly known at City Place on the market in May of 2017. The company acquired ownership and management of the mall in 2012 in a joint venture with Rockwood Capital. In addition, the new management announced that Five Below is now open in the mall. The company, which...

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Pennyworth Shop to Close on Weekdays

As of Nov. 15, the Pennyworth Thrift Shop on Bonifant Street will no longer be open on weekdays, according to board member Grace Shirey. Saturday hours will be from 10 a.m.- 4 p.m. as the shop prepares to move from 949 Bonifant St. to the basement of Grace House on the grounds of Grace Episcopal Church at 1607 Grace Church Rd. Beginning tomorrow, Nov. 10, and for the three following Saturdays (Nov. 17, 24, and Dec. 1), everything in the shop except jewelry will be sold for one dollar, though coats will be priced at $4. The shop will be...

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If Only We Had a Crystal Ball

We’ve all heard or read expert opinions by economists that there could be an economic downturn or recession in the 2020 time frame. The Washington area is never affected as hard as the rest of the country, as government and professional support jobs continue to remain viable. I reached out to a Travis Vollmerhausen, a mortgage lender with First Home Mortgage, to see what he would advise for those thinking of buying or selling their home, given what could come. “There’s always a risk in waiting. Every situation is different, but if you’re fiscally conservative, it would make more sense...

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PollySue’s in Takoma Park to Close at End of Year

PollySue’s Vintage Shop in Takoma Park will close at the end of the year, according to an announcement from the owner that was shared by Main Street Takoma. The announcement from owner Susan Collings came on Nov. 1, 19 years to the day after the shop opened in 1999. “Jackie and I have both decided that it was time to do different things, and that we needed a break from the hard work of retail sales,” Collings wrote. “I wanted to stay open through the holidays to say goodbye and to pull out some treasures that I have hidden...

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