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25heard on street/MD

Med-tech firm + Mayo

A new Rochester-based medical technology company – Hylas, Inc. – has opened an office on 43rd Street Northwest.

Hylas, working with Mayo Clinic’s Office of Intellectual Property, is developing a patient monitoring system. No word yet on how many people the company will employ.

"Hylas and Mayo Clinic each bring areas of expertise and proprietary information to the product development process. Mayo Clinic owns equity interest in Hylas," according to Mayo Clinic. "Hylas is in phase one of corporate fundraising. Mayo’s ownership interest will decrease as additional funding sources are gained."

Expect more information on this company later this week.

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Drury’s to consolidate

About eight years ago national furniture maker Flexsteel asked the Drury family of Drury’s furniture store in Fountain to try something out, an experiment.

That experiment, the specialty Flexsteel Comfort Seating store at 3430 55th St. N.W. by Sam’s Club in Rochester, is soon coming to an end.

"We are just consolidating our operation back to our main Fountain store," says Mike Drury, an owner. "We tried for Flexsteel. It (the Rochester store) has run its course. Now it is time for us to get back to doing what we do best."

Look for the Rochester store to close its doors in the fall. Drury stresses that this is a consolidation. "By no means are we doing a going-out-of-business sale," he said.

The Rochester store has about five people on staff. Expect the Drurys to "freshen up" the Fountain store with this change.

The Drurys also own Olivia’s Attic gift store in Lanesboro.

Crocs yes, Banana no

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Expect to see shelves of brightly-colored Crocs shoes — Rochester Mayor Ardell Brede is a big Croc fan with three pairs in his closet — in the Apache Mall in early July.

A kiosk to sell the light-weight, slip-on footwear made of Croslie will be set up near Gymboree and the Disney Store," says Cheri Milligan, Apache’s marketing manager.

While Crocs is definitely coming to town, don’t look for Banana Republic any time soon.

Speculation about the distinctive Banana Republic clothing retailer has long circulated in Rochester, but nothing is imminent.

Kristen’s Knits to move

Kristen’s Knits, a knitting and sewing supply store, is moving to 1819 Second St. S.W. in Rochester by mid-July, says owner Kristen Chan.

The store is moving from its 1,250-square-foot spot at 1137 Second St. S.W., across from Saint Marys Hospital. She has three on staff.

"We’ll have twice as much space … and we’ll have parking," says Chan of the new location. The larger space will allow her to host more classes, speakers and offer more products.

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Hal Gimbert of Gimbert Realty handled the deal.

Arby’s sells for $1.3 million

The Arby’s restaurant at 2130 37th St. N.W. in Rochester sold for $1.3 million on June 18.

The Acosta Family Trust bought the 3,400-square-foot building from Style Properties VIII LLC of Cincinnati, Ohio, says Realtor Casey Weiss of Marcus & Millichap of Bloomington.

Style Properties bought it for $978,000 in 2002.

Don’t expect any changes with the latest owner. Arby’s has many years left on its lease, so Jamocha shakes will keep rolling out of there for quite a while.

Biz buzz

An East Coast style pizzeria and delicatessen is eyeing downtown Rochester for a possible location.

We’ll deliver any news on this, while it is still piping hot.

Listen for Kiger on the Jake and Tracy in the Morning show on 102.5 The Fox on Wednesday.

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