Herbalife & 500 Jobs Coming to Winston-Salem

Herbalife (NYSE:  HLF) is a publicly-traded nutriution supplement company that sells its products through independent distributors - typically persons who already use their products (this is called Multi-Level Marketing and works similarly to Amway or Avon; click here for more information on similar companies). The Los Angeles based company expects $4 billion in sales this year and projects $10 billion in yearly sales by 2020. It currently sells its products in 85 countries with the U.S. market comprising less than a quarter of its sales. Click here for a link to its Investor Relations webpage.

According to their press release, the company got the Dell Plant for $22.2 million (the plant cost Dell $110 million to build). In exchange for between $10-13 million in incentives, the company will spend over $100 million on improvements to the old Dell facility located at 3200 Temple School Rd., and create 493 jobs over the next three years.  

Downtown's First Grocery Store: the Washington Perk

Downtown Winston-Salem's first full-line grocery store wil be a duplicate of the Washington Perk , the popular "neighborhood market, coffee shop and deli" on Acadia Avenue in the Washington Park neighborhod. The new store will be located on Fourth Street in the old Associated Artists space.  This is a link to the Winston-Salem Journal article about the same.

Winston-Salem State's $140 million Facelift: Go Rams!

http://www.journalnow.com/news/local/article_035dc06e-36b5-11e2-acb6-001a4bcf6878.html

Incentives for Downtown Mast General Store Approved

The City Council voted 6-1 to approve $1.27 million in incentives to lure Mast General Store to downtown Winston-Salem. The proposed site is between Trade and Cherry Street on the north side of Fifth Street:  click here for a link to the Winston-Salem Journal article which contains an excellent graphic of the proposed location.

Development of Glade Street YWCA Project Moves Forward

 

Rezoning the Glade Street YWCA property was unanimously approved by the YWCA last night which will allow  "The Glade at West End" development project to move forward. Proposed are seven condominiums and eighteen single family homes on the 5.6 acre site. Leonard Ryden Burr will handle the real estate listings:  click here for a link on their website dedicated to the project. The entire neighborhood is LEED certified under a new "neighborhood development" classification scheme which, according to the U.S. Green Building Council website, "integrates the principles of smart growth, urbanism and green building". Richard Alexander will be the builder.

Weeks Plant Purchased; County Reveals 7 Potential Library Sites; Isner Wins Winston-Salem Open

Merinos Home Furnishings Warehouse purchased Hanesbrands' Weeks textile plant in northwest Winston-Salem off Highway 52 near SciWorks with plans to turn it into a giant (850,000 sq.ft.) furniture showroom. The company operates three other showrooms in converted warehouse spaces in Mooresville, N.C., Fort Lawn, S.C., and Jefferson, Ga. 

In other news, John Isner won the Winston-Salem Open (it is so cool to see Winston-Salem on major news and media outlets - I got to go the final!) and list of potential sites for a new or renovated downtown library were submitted to Forsyth County. Click here to see the Winston-Salem Journal article.

Gander Mountain to Open Winston-Salem Store

Gander Mountain will be opening a store in Winston-Salem at 910 Hanes Mall Blvd, near the intersection of Stratford Road and I-40. Construction has already begun and is expected be complete by the end of 2012.