Bandera Closing at The UV
The restaurant Bandera is closing in Sacramento. It's in The UV shopping center at Howe Avenue and Fair Oaks Boulevard. The Sacramento Business Journal's Digital Editor Sonya Sorich says Bandera's closures comes after more than two decades in business.
"The eatery said it faced a possible 'substantial rental increase' from its landlord," Sorich says. "But the landlord, Merlone Geier Partners, maintains that the restaurant's rent was fair, Bandera had no long-term plans to stay in the center and the upcoming closure is not the landlord's fault."
No word yet on a future tenant for the site. The UV has undergone a multimillion-dollar renovation that included several new restaurants. Meanwhile, Bandera's parent company — Beverly Hills-based Hillstone Restaurant Group — says it will consider other possible locations in the Sacramento area.
Movie Theater Replacing Roseville Sears
We're learning more about redevelopment plans for the site of a Sears store that’s closing in the Roseville Galleria. Sorich says it looks like a Cinemark movie theater will be part of a $20 million makeover for the site.
"That's according to an earnings report recently released by Seritage Growth Properties, a real estate investment trust created by Sears that owns the Roseville store site, among others," says Sorich. "In the earnings report, Seritage says the Roseville Sears store will be redeveloped to make way for Cinemark and other amenities."
Based on that earnings report, it also looks like Round One Business will fill part of the Sears space. Round One offers everything from arcade games to bowling lanes. The earnings report also refers to restaurants, but doesn't mention specific brands. Meanwhile, the former Sears auto center will be transformed into a AAA auto repair center.
VillaSport Breaks Ground In Roseville
In Roseville, construction crews broke ground this week on a massive fitness center called VillaSport Athletic Club and Spa. Business analysts say gyms are evolving to become like community centers instead of places where you only exercise. Sorich says VillaSport is consistent with that idea.
"It's expected to include indoor and outdoor cafes and a poolside bar," says Sorich. "It's also expected to host events ranging from pinewood derby races to beer-and-wine seminars."
The 130,000 square foot facility on Conference Center Drive will also have the usual gym amenities including indoor and outdoor pools with water slides, cardio equipment and a hardwood basketball court. The project comes from Syufy Enterprises and it will be the sixth VillaSport location nationwide. It's expected to be finished in about a year.