Wednesday, January 30, 2013
The Gaithersburg restaurant will be replaced by a medical facility, owner Bill Tempchin said.
Super Bowl Sunday will be a last hurrah for not only the Baltimore Ravens and San Francisco 49ers, but also a Gaithersburg sports bar. Rockafellas Bar and Grill owner Bill Tempchin told Patch Tuesday afternoon the restaurant will close its doors following Super Bowl XLVII. "That's happening," Tempchin said. "I guess there's a story there but I'm not willing to talk about it...It's peaceful, it's been planned." Gaithersburg Director of Economic Development Tom Lonergan said rumors of Rockafellas' closing "have been circulating for some time" and he had fielded some inquiries over the past few months from prospective businesses that were interested in the space. Tempchin said it will be replaced by a medical facility, but he was not sure of …
Tuesday, January 29, 2013
The city's retail vacancy percentage for Q4 of 2012 is the lowest since 2008.
As Americans continue to struggle with the economy, local businesses may not be booming. But recent statistics show signs of Gaithersburg returning to pre-recession numbers. The city of Gaithersburg's retail vacancy numbers have shrunk to their lowest percentage since the recession, Gaithersburg Economic Development Director Tom Lonergan said, based on a report of around 300 retail properties from around the city. The report includes both shopping centers and freestanding retail sites, he said. "I'm pleased with the way things are trending right now," Lonergan said. "Obviously there are some spaces that their vacancies are more notiecable and we look forward to getting new tenants in there sooner than later." The numbers represent "the …
Thursday, January 10, 2013
Gaithersburg Director of Economic Development Tom Lonergan said the commercial real estate vacancy percentage is down to 12.2 percent from a high of 19 percent in 2009.
Gaithersburg's commercial real estate vacancy rates reached a post-recession low in Q4 2012, the city's Director of Economic Development Tom Lonergan said at Monday's mayor and City Council meeting. Of the 163 class A and B office spaces housed within city limits — described by Lonergan as top and second tier facilities such as the Sodexo campus — 12.2 percent remain vacant, down from 19 percent at the peak of the recession. "We think that the city is continuing its appeal," Lonergan said. "We've made remarkable strides since we were at the depths of the recession in 2009." While the city is yet to approach the pre-recession low vacancy rates of 10.2 percent in Q1 2007, Gaithersburg's commercial real estate information analyst, CoStar …
Tuesday, August 16, 2011
After two nation-wide searches, the City finally settled on a Business Improvement District manager from New Jersey.
After more than a year of searching, the City has finally hired an Economic Development director. Thomas "Tom" Lonergan accepted the city's offer on Monday, taking the only new position created in the city's budget in two years. Lonergan will be responsible for managing the $2 million economic development fund created by officials as a tool to entice businesses to relocate or expand in Gaithersburg. He'll be responsible for all areas of economic development. "He will also be charged with sustaining a healthy business climate, promoting employment opportunities, strengthening existing businesses, and fostering entrepreneurship," the city said. His salary, according to Assistant City Manager Tony Tomasello, will be about $100,000. “We …
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Marie
1:06 pm on Tuesday, February 5, 2013
You can go bid on everything from the restaurant and bar (including 15 flat screen LCD TV's and the leather couches) at rasmus.com now! The auction closes on Friday! more ›