Welcome to Wednesday, loyal readers. Here's what you need to know today.
Update on Folsom restaurant space
In June, I told you that a new concept would replace the short-lived Coyote Bar & Kitchen in Folsom. Bobby Coyote, who founded Dos Coyotes Border Cafe, was a partner in the eatery at 185 Placerville Road, Suite 150. Coyote told me in June that he was in the process of selling his shares in the concept to his business partner, who would open a new eatery at the Folsom space.
Update: The new business is moving forward. A sign at the space says a restaurant called Flock is coming soon. It includes a link to a website for Flock Pizza, which is not yet working. A representative for the new restaurant did not immediately respond to an email seeking additional details. Stay tuned.
Before it became Coyote Bar & Kitchen, the space was occupied by Broderick Roadhouse.
Speaking of Folsom ...
A Manchester, Connecticut-based furniture retailer is filling a space previously occupied by Stein Mart Inc. at 2725 E Bidwell St. in Folsom, according to a broker on the deal. Here's what I know so far.
Apartments planned near Mill at Broadway
Sacramento infill project Mill at Broadway is nearing build-out, but the neighborhood around it is seeing its own transition to a different use. New plans submitted for an industrial property at 401 1st Ave., just northeast of Mill at Broadway, call for a multistory project of 49 apartments and 938 square feet of commercial space. Reporter Ben van der Meer has details.
Rite Aid building in Arden-Arcade sold
About 18 months after its last sale, a Rite Aid-leased property in the Arden-Arcade area has sold for the most of any such leased property by the drugstore chain in California this year. Matthews Real Estate Investment Services announced it brokered the sale of the store building at 4241 Marconi Ave. for $10.1 million earlier this month to a buyer from the Central Valley. Reporter Ben van der Meer has the story.
Perfect Union names new CEO
Sacramento-based cannabis company Perfect Union has hired Denyelle Bruno, who has helped grow several national consumer brand companies, as its new CEO. Perfect Union is Sacramento's largest cannabis company, with 219 local employees, according to the most recent list compiled by the Business Journal. Learn more in this article by reporter Jake Abbott.
Take care of yourselves, folks. Thanks for reading.