Wes Harris, State Farm Insurance Agent – home, auto, life & banking – 319 Vann Drive, sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
Baudo’s closes at midnight, Saturday
An iconic Jackson restaurant that opened August 22, 1965, closes its doors at the corner of history and tradition, today
Baudo’s Restaurant which first opened as B&H Pizza in the Hollywood Shopping Center, ends a 54-year run at 559 Wiley Parker Rd., with what is expected to be a full-day of visitors looking to savor one last meal, and entertainment to bring the curtain down at midnight.
For those who are entertaining the idea of having dinner at Baudo’s, Saturday, hopefully the wait will be worth the while.
“We’re not taking reservations, but we’ve had several great responses,” said Jack Baudo operations manager at Baudo’s, “Paula Bridges (Band) performs at South Street (ComedyClub) at 8:30 p.m., and from 11:30 (p.m.) to midnight, we’ll have disco, with the final song being ‘Last Dance,’ by Diane Summer.”
(NOTE: Keith Sherley, NEWS/TALK 101.5 FM, had the final broadcast at Baudo’s, Friday)
The restaurant, which moved to 559 Wiley Parker Rd., in 1972, was listed for sale by management in June 2017, with an asking price of $550,000.
South Street, an entertainment venue at Baudo’s, is part of the 8,486-square-foot facility.
A parking lot (0.81 acres) across the street from the restaurant – also owned by the Baudo family – was listed in the sale for $199,000.
Blue Coast Burrito closes in Thomsen Farms
Management could not be reached for comment, but Blue Coast Burrito, 1430 Union University Drive, closed Thursday.
The 2,600-square-foot restaurant opened in July 2017, in Thomsen Farms.
The Tennessee-based company is headquartered in Brentwood, with outlets in Nashville, Smyrna, Hendersonville, Franklin, Mt. Juliet, Murfreesboro and Cookeville in Tennessee, Little Rock, Arkansas and Florence, Alabama.
Here’s the 5 most expensive homes for sale in Jackson-Madison County
Wes Harris, State Farm Insurance Agent – home, auto, life & banking – 319 Vann Drive, sponsors the five most expensive homes listed for sale in Jackson-Madison County, according to the Multiple Listing Service.
1) 99 Sturdivant Crossing, $2,675,000 (includes 535 acres)
2) 16 O’Keena Drive, $949,000
3) 22 Deepwood Cove, $850,000
4) 6 Broadfield Drive, $749,500
5) 21 Deepwood Cove, $695,000
Sears keeps bankruptcy at bay – fate of Jackson store unknown
Sears will live on— at least for now.
The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the negotiation publicly.
Lampert, who steered the company into Chapter 11 bankruptcy protection in October, is aiming to keep open roughly 400 stores and preserve tens of thousands of jobs.
NOTE: A company spokesperson declined to comment if Sears at the Old Hickory Mall would remain open.
The Jackson store at 2021 North Highland Avenue, is one of 80 stores nationwide the parent company announced it would close, December 18, 2018.
Once the world’s largest retailer, this latest round of closings will leave the company with about 400 stores – or an average of eight per state.
Five years ago, Sears had 2,073 stores.
Business Note – Eye Clinic welcomes new Ophthamologist Dr. Stephan Hammond
Dr. Stephen Hammond Jr., a specialist in comprehensive eye care, has joined the Eye Clinic, PC.
Dr. Hammond, who is board certified in ophthalmology, specializes in cataract surgery,
premium lens cataract surgery, LASIK, glaucoma, retina, cornea, and plastic surgery around the eyes, including lid lifts and blepharoplasty.
Dr. Hammond received his medical degree from the University of Tennessee College of Medicine. He completed his internship at Methodist Hospital in Memphis and his residency at the Medical College of Georgia. Born and raised in Jackson, Dr. Hammond received his undergraduate degree from Union University.
Dr. Hammond joins ophthalmologists Dr. Sean Neel, Dr. Jason Sullivan, Dr. Mark Bateman, Dr. Hilary Grissom and Dr. Adam Luka and optometrists Dr. Molly Lee and Dr. James Smith at the Eye Clinic.
REAL ESTATE – Market report for Jackson-Madison County
Wes Harris, State Farm Insurance Agent – home, auto, life & banking – 319 Vann Drive, sponsors the Real Estate Market Report.
According to the Multiple Listing Service, new homes for sale in Jackson from January 1 through December 31, 2018, stood at 36, compared to 43 for the same period in 2017.
New construction homes sold – January 1 through December 31, 2018, was 135, compared to 131 for the same period in 2017.
The number of homes on the market, which includes all of Madison County, stands at 301, compared to 331 for the same period in 2017.
Average days on the market – January 1 through December 31, 2018 was 57.
The average sales price for a home from January 1 through December 31, 2018 was $168,812.
New retailer to occupy former location of Office Depot on North Highland Avenue
A new retailer will occupy 2151 North Highland Avenue, the former home of an Office Depot.
American Freight Furniture & Mattress is scheduled to open in early spring in the 30,600-square-foot building.
American Freight Furniture & Mattress, with more than 150 stores across the United States, offers discounted furniture to customers directly from famous manufacturers.
Major furniture retail brands turn to American Furniture for quick liquidation and disbursement of unclaimed freight, cancelled orders, overruns and special buyouts allowing the company to sell high-quality furniture at closeout prices.
Buchanan Realty Group negotiated the lease for the building Office Depot vacated in May 2016.
“West Tennessee consumers are going to be thrilled with the value offered by this furniture company,” said Brandon Buchanan, owner of Buchanan Realty Group. “It’s a great location and I expect them to excel in Jackson. If you need living room, dining room or bedroom furniture- be sure to check them out this spring.”
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(PHOTO: Wes Harris, State Farm agent)
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