Category: Business

Getting Your Financial House in Order Before Downsizing

Many people my age are contemplating moving to a new home, one without as many rooms now that the kids have moved out. They think about the opportunity for a new lifestyle. Maybe living in the city where they can metro or walk to dinner, shopping and events without getting in a car. Then there is the draw of the country with big sky, hills and valleys that are ever changing. If you are in the contemplative mode, it’s a good idea to meet with a financial advisor who can help you assess how much house fits well within...

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Downtown Silver Spring to Get $10 Million Renovation, New Tenants

The owners of the Downtown Silver Spring development are planning a $10 million renovation of the area that will include public art and a new outdoor plaza featuring green space. The news came in a joint announcement from Peterson Companies and Foulger-Pratt, which 20 years ago built the 440,000-square-foot shopping, dining, and entertainment destination located on Ellsworth Drive and Fenton Street. The companies also announced new tenants for the area, including The Eleanor, a combination bar, restaurant and entertainment venue that will occupy 7,700 square feet near the development’s fountain (the same space as Lincoln’s Bar-B-Que). The eatery, which...

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Kaldi’s Owner to Take Over Pacci’s for New Restaurant

The owner of Kaldi’s Social House will take over the space at 8113 Georgia Ave. currently occupied by Pacci’s Pizzeria and turn it into a restaurant with an American-themed menu. “The first thing we’re going to do is expand the size,” said Tsega Hailemariam. Plans include enclosing the current patio space and adding an enclosed rooftop space similar to Kaldi’s. Hailemariam will tap into the local brewing culture to supply beers for about 50-60 taps, he said, targeting a happy hour crowd as well as dinner patrons. “We are working with a consultant to change the whole menu,” he...

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Denizens’ Expansion Will Enable Sales in County Liquor Stores

Denizens Brewing Co. will open its new location in Riverdale Park May 25, an expansion that will allow the company to offer retail sales in the county’s liquor stores, according to Julie Verratti, co-founder and chief brand officer. “Three or four years ago, if you had asked me about it, I would have told you there’s no way I would ever sell my beer to the DLC, but I actually think that [Department of Liquor Control Director] Bob Dorfman has done a pretty good job in trying to revamp [the department],” Verratti said. “He’s not 100 percent there yet—I’m...

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Locavino Café Expected to Open Downtown in June

Locavino, a wine and beer café and retail outlet in downtown Silver Spring, is expected to open in June, according to co-owner Jarrod Jabre. Jabre and his partner, Justin Wallace, are veterans of the former Adega Wine Cellars and will open in the same space at 8915 Fenton St. The two have been approved for a county alcohol license (pending final inspections), Jabre said. “We’ve got all the permits in place, the demolition is done and our flooring team started this week,” he added. The interior is being rebuilt, he said. “The space has been in operation for more...

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