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Center on Main Breaking Ground at Upcoming Mainx24
A major new development, Center on Main, will break ground on the Southside during MAINx24 this Saturday, December 1. Hamilton County Mayor Jim Coppinger will join Center on Main founders, project developers, Southside community members and MAINx24 event goers in recognizing the occasion, which will take place at 12 p.m.
Located at 320 East Main Street, the 20,000 square foot complex, Center on Main, will house the Center for Integrative Medicine, Center MedSpa, physical therapy, and a multi-purpose room to accommodate yoga, tai chi, and educational seminars. Additionally, it will be home to approximately 50 employees. With the expected August 2013 opening, Center on Main will be the largest new construction on Main Street in recent memory.
“There is no doubt, Center on Main will be an impactful and significant addition to the Southside,” said Jon Kinsey, former Chattanooga Mayor and principal partner at KPH Development. “When you look at how the business district on Main Street has evolved over the years, since the original Southside plan in the late 1990’s, you see an evolution of growth that’s not only good for the Southside – but good for Chattanooga as a whole.”
The building’s founders, Terry and Dr. Jeffrey Jump have collaborated with Eric Myers of Elemi Architecture, Rob Taylor of CityScape Development, John Straussberger of The Strauss Company, and designer Sara Webb to produce the LEED building that will make its place on Main Street.
“We are thrilled that Center on Main chose MAINx24 as the right time to break ground on their future home. The Southside is a place where neighborhood collaboration and inclusion is important. MAINx24 is an event that celebrates this philosophy and we love that Center on Main shares it as well,” said Amanda Carmichael, co-chair of MAINx24.
The groundbreaking is part of MAINx24 and is scheduled at 12 p.m. this Saturday, directly following the EPB Southside Parade. Now in its 6th year, Mainx24 will be held on Dec. 1, 2012 with the first event starting at 8:30 am. The event will last a full 24 hours with the final event ending Dec. 2, 2012 at 9:00 am. To see the full lineup and get a schedule of events with locations visit mainx24.com.
More Business News
Last Update on September 19, 2014 17:24 GMT
NEW YORK (AP) -- Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company.
The stock opened at $92.70 on the New York Stock Exchange this morning, up 36 percent from the initial $68 per share price set Thursday evening.
At that price the company would be worth $228.5 billion, more than companies such as Amazon, Ebay and even Facebook.
On Thursday, Alibaba and the investment bankers arranging the IPO settled on a price of $68 per share. The company and its early investors raised $21.8 billion in the offering, which valued Alibaba at $168 billion in one of the world's biggest ever initial public offerings.
But after a two-hour trading delay due to strong demand, it opened much higher than that price. If the stock closes at $92.70, the IPO will have raised close to $30 billion.
WASHINGTON (AP) -- A gauge designed to predict the economy's future health rose in August but at a much slower pace than in July.
The Conference Board says its index of leading indicators rose 0.2 percent in August, the seventh straight increase. But that was much slower than the revised 1.1 percent gain in July.
Conference Board economist Ken Goldstein says even with the slowdown in August, the index shows the economy is still gaining traction.
WASHINGTON (AP) -- Unemployment rates rose in nearly half of U.S. states in August, even as employers in two-thirds of the states added jobs.
The Labor Department says unemployment increased in 24 states, fell in 15 and was unchanged in 11. Hiring picked up in 35 states, while it fell in 15.
Unemployment rates can rise even when hiring increases if more people start looking for work and don't immediately find jobs. The figures suggest hiring was broad-based across most regions of the country last month, even as nationwide job gains in August were the weakest this year.
Georgia reported the nation's highest unemployment rate, at 8.1 percent, followed by Mississippi at 7.9 percent. That's the first time Georgia has had the highest rate since the Great Recession ended.
LONDON (AP) -- Businesses and investors have reacted with relief to Scotland's decision to reject independence from the United Kingdom.
The No campaign won 55 percent of the votes cast in Thursday's referendum. The 10-point victory margin was wider than expected -- most opinion polls on the eve of the vote showed a narrower 4-point victory.
British stocks responded positively to the news Friday, with the FTSE 100 index up 0.3 percent. Royal Bank of Scotland shares were up, and the bank, which is majority-owned by the U.K. government, said it was "business as usual" for its customers.
Some had warned that if Scotland left, uncertainty over the future value of the British pound and government debt would have rattled the U.K economy.
In the currency markets, the pound was solid too, rising to a two-year high against the euro.
IRVING, Texas (AP) -- Exxon Mobil says it will stop drilling an exploratory well in Russia's Kara Sea in compliance with U.S. sanctions against Russia over Russia's involvement in the Ukraine.
Exxon planned to drill the well between August and October. The latest round of sanctions called for the removal of U.S. workers on projects in the Russian Arctic by Sept. 26.
Exxon says it has received a license from the U.S. Treasury Department to wind down operations, but it is unclear whether the license will allow Exxon to stop drilling on the schedule it had already laid out. Exxon could not be immediately reached for comment.
NEW YORK (AP) -- The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum.
In addition to its namesake beer, Pabst Brewing Co. makes Colt 45, Old Milwaukee and Schlitz. Pabst was acquired in 2010 by C. Dean Metropoulos & Co., which is known for investing in food brands.
Pabst Brewing, now based in Los Angeles, traces its roots back to 1844 in Milwaukee. Since purchasing it in 2010, Metropoulos has enlisted comedian Will Ferrell to market the company's beers. Pabst Blue Ribbon has also grown in popularity in part for its blue-collar appeal and cheap price.
Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake in Pabst.
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