Heard on the Street: Coffee, bank coming to North Broadway
Plans for a bank branch and a coffee shop on the site of a former fast food eatery and a long-closed gas station on North Broadway surfaced this week.
Rochester’s Broadway Enterprisesand JLV Assets Acquisitionsof Eau Claire, Wis. submitted plans to the city this week for two related development projects on a stretch of North Broadway by the River Center Plazacommercial center.
River Center is the mall formerly known as Northbrook, located across Broadway from the Silver Lake Shopping Center.
Dr. Ajay Nehra’s Broadway Enterprises, along with AM and HRC LLC and SAA Enterprises LLC, owned a former Wendy’shamburger eatery at 1405 N. Broadway that closed in 2016. It was demolished in the fall of 2017.
Nehra was unavailable for comment.
The plans show a proposed 7,763-square-foot bank branch slated to be built on the ex-Wendy’s site. No bank brand was listed.
If it’s built as proposed, the new bank branch would be near the 2,500-square-foot Caribou Coffee and Einstein Bros. built by Broadway Enterprises last year.
The other piece of this latest development plan is a former Sinclairgas station and car wash at 1401 N. Broadway, west of the proposed bank site.
That station, which is tucked in next to the Zumbro River in front of River Bend Senior Living Community, closed in the summer of 2016.
Northland Investors LLC, of Eau Claire, bought the ex-gas station in November 2017 for $590,000 and then passed it on to the related JLV Assets Acquisitions. Northland owns many franchises, like Hardee’sand Taco John’s, throughout the region.
Northland President and CEO Jon Mungerdid not respond to question about what will be built on the Sinclair site.
However, the plans submitted to the city show a 2,000-square-foot coffee shop being built there. While the name of the coffee shop was obscured in parts of the permit application, it is labeled as a Starbuck’scoffee shop on the attached map.
Starbuck’s or not, it will be interesting to see how a new North Broadway coffee will fare so near Caribou, Moka and Dunn Bros.locations.