Connect with us

Business News

Chase Bank To Open In Historic Anacostia As Neighborhood Experiences Retail Transformation

Published

on

Spread the love

JPMorgan Chase will replace a local restaurant in Historic Anacostia with a bank branch as part of its D.C. expansion. The deal is the latest in a series of major regional and national companies planning moves to the Southeast D.C. neighborhood that is poised for a major transformation in the coming years.

Landlord Curtis Investment Group signed the nation’s largest bank at 2200 Martin Luther King Jr. Ave. SE, the storefront where Uniontown Bar & Grill closed its business in recent months. Within three blocks of that space, national coffee giant Starbucks and regional restaurant chain Busboys and Poets are preparing to open their first east-of-the-river locations, and multiple developments are planned that will bring new housing and office space to the historic neighborhood.  Charles Wilson, a former ANC commissioner and head of multiple Anacostia neighborhood groups, first reported on his blog that Chase would replace Uniontown, and Curtis Investment Group confirmed it to Bisnow. Wilson said Uniontown was having problems and became less popular among neighbors in recent years, so people were not too disappointed to see it close, but he said many wish it had been replaced by another restaurant.  “It’s mixed feelings, because we’re losing a restaurant in a neighborhood that desperately needs more sit-down restaurants,” Wilson said.

“There are three or four banks within less than a square mile — Bank of America, PNC Bank and Industrial Bank — so you begin to ask what’s the value of another banking facility … another restaurant or café or some type of eating facility would have been great.” JPMorgan Chase announced in September it would invest $10M in driving economic growth in Wards 7 and 8, D.C.’s most historically underserved communities. Wilson said the new branch could be a positive if it helps spur more investment.  “Any time you have another banking partner who wants to make sincere investments in projects like the 11th Street Bridge, there’s definitely good things to come out of that,” Wilson said.

Busboys and Poets, a restaurant chain known for opening in parts of the city undergoing dramatic change, began constructing its Anacostia location in October 2016. The opening date has been pushed back multiple times, but neighborhood business leader Duane Gautier said he sees people working on it every day and expects it to be open by the spring. Busboys owner Andy Shallal did not immediately return a request for comment.  Gautier is CEO of Arch Development, an Anacostia-based nonprofit that runs multiple business incubators and art galleries in the neighborhood. He said Busboys will be a big step up from Uniontown and could create momentum for additional openings.  “I think it’s a positive, but it’s not going to be the savior of Anacostia, which it has been touted to be,” Gautier said of Busboys. “It will draw in people. A couple local restaurants are happy it’s moving in because people will come down and go to Busboys but not always, so we think it’s going to spur other small cafés and restaurants.”

Read more at: https://www.bisnow.com/washington-dc/news/neighborhood/chase-bank-to-open-in-historic-anacostia-as-corridor-experiences-retail-transformation-91855?utm_source=CopyShare&utm_medium=Browser

Leave your vote

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Business News

Black Enterprise Names Justin Barton as Vice President of Digital Strategy and Partnerships

Avatar

Published

on

Spread the love

Industry Veteran to Reboot Digital Strategy and Expand On Strategic Partnerships

NEW YORK, July 18, 2019 /PRNewswire/ — Black Enterprise, the premier business and financial resource for African Americans, announced today that Justin Barton has joined the company as Vice President of Digital Strategy and Partnerships, overseeing audience growth, product, social and partnerships including all contextual, native and affiliate advertising.  Prior to Black Enterprise, Barton served as Head of Digital Strategy and Analytics at Group SJR, a digital consultancy. 

Barton joins Black Enterprise which provides original and interactive content pertaining to small business, wealth building, and careers, including from expert contributors. He has experience using analytically driven strategies to grow and engage audiences and identify emerging platforms for content distribution.  As Black Enterprise looks to expand its brand digitally, grow its events business and engage with advertisers, Barton will lead the effort to increase the reach of written and video content while expanding the network to include partner sites.

“With Black Enterprise’s leadership position in reaching African American business executives and owners of companies, Justin Barton will help lead the future digital strategy & development of all BE media owned properties.  We are excited about the growth opportunities and business development skills that Justin will bring to Black Enterprise and our team, helping us to grow in size and revenue.” – Butch Graves, President & CEO.

Read full story

Continue Reading

Business News

NEW MEDIA VENTURES INVESTS $1.5 MILLION INTO THE MOVEMENT FOR BLACK LIVES AND OTHER ORGS

Avatar

Published

on

Spread the love

New Media Ventures (NMV), a seed fund and network of angel investors based in the Bay Area, announced that it is investing $1.5 million into 17 entrepreneurs, activists, and progressive organizations. One of the groups selected from a pool of almost 600 applicants is The Movement for Black Lives (M4BL), a coalition of more than 50 organizations fighting for black political and economic power.

“New Media Ventures is proud to announce our 2019 recipients, who together, will receive our largest round of funding ever,” said Julie Menter, managing director of New Media Ventures, in a statement. “These organizations are on the frontlines of our democracy, building the tools, platforms, and systems that vulnerable communities and progressive organizers need to make our society better for all.”

M4BL describes itself as a “leader-full movement” that focuses on policy, mass engagement, electoral justice, resource generation, organizing, and base building. The group launched in 2014 following the deaths of Mike Brown, Eric Garner, and Tamir Rice by the hands of police to ultimately dismantle systemic oppression and achieve black liberation. Funding for the group will be allocated toward the M4BL app, which will “politically mobilize millions, build the leadership of thousands, and move folks from online activism to organizing safely in their communities, so that black political power is a force able to influence national and local agendas in the direction of a shared vision,” reads a statement on the New Media Ventures website.

According to a recent press release, NMV received more than 500 relevant applications from progressive startups seeking funding this year, up 50% from 2018 and a massive increase over the 100 applications received in 2016. Of the applications, New Media Ventures interviewed 98 and selected 33 finalists before finalizing 17 recipients.

“We have evaluated thousands of startups over the last decade, giving us a unique perspective on drivers of success in the field. We’re looking for the right mix of vision, persistence, and execution ability,” said the New Media Ventures Investment team.

Other 2019 recipients include Sunrise Movement, a group of young people working to make climate change an urgent priority in the U.S., and PeoplesHub, a progressive online platform that connects people to the support, analysis, stories, and skills they need to make positive change within their communities and in the world.

Read full story

Continue Reading

Business News

Zion signs sneaker deal with Jordan Brand

Published

on

Spread the love

Continue Reading
Exclusive Pre Summer Flight Sale on MyFlightSearch. Save up to $40 with promo code – SUMMER40

Trending

Hey there!

Forgot password?

Don't have an account? Register

Forgot your password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Close
of

    Processing files…