This Week on The Street (A more or less regular compilation of news, factoids and observations.
July 23, 2014
by Harold V. Shumacher
The debate may continue in some parts of the country on whether or not the great recession is over. At the beaches of South Walton, (between Panama City and Destin, Fl.) the answer is a resounding you betcha.
Over the recent 4th of July holiday, virtually all the rental properties were filled, mainly, it seemed, with Atlantans- based on the license tags spotted.
Restaurants, like Great Southern Café, Bud and Alley’s, V Seagrove and the ever popular Red Bar, in Grayton Beach, were jam-packed. Gift stores and equipment rental facilities were also going gang-busters.
New construction is also underway. We spotted a half dozen beach houses, several retail centers and a couple of mixed use residential and retail developments within a few miles of our temporary quarters.
New communities, like Rosemary Beach and Alys Beach are showing similar signs of growth.
In another sign of returning affluence (or perhaps self-indulgence and ego run amuck) Krispy Kreme UK unveiled the world’s most expensive doughnut during that country’s recent Doughnut week. The $1, 500 creation (yup, you read that right) featured Jelly made with Dom Perignon champagne and a raspberry Chateau d’Yquem creme.
To further guild the rose, 24 carat gold leaf covered the top along with white chocolate, lotus flower blossoms, ivy leafs and butterflies all dusted with 23 carat gold. The dish was served on top of a cocktail made from 500- year- old Courvoisier L’espirit cognac, 2002 Dom Perignon (hey the bottle was open already so you might as well use it) and a raspberry and passion fruit syrup.
In case you’re planning on running to your neighborhood doughnut shop for a taste , this was a one of a kind creation and was a prize in a drawing for an annual charity event.
Restaurant impresario Phil Romano, the creative force behind such concepts as Eatzi’s, Macaroni Grill and Rudy’s barbecue has debuted his latest creation Potato Flats. A concept centered on white potatoes and sweet potatoes that are smashed and fried before being turned ont a flat plate and topped with a variety of add-ons is the 10th eatery to open in the Trinity Groves restaurant incubator, just west of downtown Dallas.
Recent Transactions for The Shumacher Group, Inc. include:
Business Sale Transactions:
Sale of Bruster’s Ice Cream Due West Road, Marietta
Sale of Dominick’s, Roswell
Real Estate (land and building)
Sale of Rainwater Restaurant, Alpharetta, to Ruth’s Chris Steak House