Used car dealer in parts warehouse
Used car dealers have bought the former Advance Auto Parts store on Evangeline Thruway, records show.
Matt and Rebecca Rayner, owners of Acadiana cars, recently bought the building at 1114 SE Evangeline Thruway after the auto parts dealer shut down earlier this year.
The move will give more visibility to the store that the Rayners opened six years ago at 900 E. Simcoe St.
“Right now it’s sometimes difficult for people to find us,” said Rebecca Rayner.
North Carolina-based Advance closed business despite the company seeing sales growth during the pandemic, including sales growth of 12% in the fourth quarter of 2020 and net sales of $ 10 billion for the year for the first time.
The Rayners hope to open the new location in July, she said.
The move follows another trader who also recently bought property on the Thruway. Bargain Cars bought the property at 1406 NE Evangeline Thruway last month.
Local group acquires Marcellos Lafayette
The Southern Hospitality Kitchen Group, which operates four restaurants in Lafayette, has added Marcellos Lafayette to their restaurant group.
The company, led by Charlie Goodson, Marc Krampe and Jody Ferguson, announced this on Facebook on Monday. The move adds a fifth restaurant to its group, which also includes Charley G’s, Social Southern Table & Bar, Pete’s, and The Tap Room.
“Every time I’ve dined at Marcello’s, they have exceeded my expectations,” said Jody Ferguson, one of Southern Hospitality’s partners. “I am honored that the Todaros have the confidence in our management team to continue their tradition of excellence. We look forward to working with the Marcello staff to continue delivering the high quality dining experience they are known for. “
Marcello’s, which Gene Todaro Sr. opened in its original location in 1981, will continue its tradition as an upscale Italian restaurant at 340 Kaliste Saloom Road, Suite C.
“We believe Southern Hospitality Kitchens is the best way to advance Marcello’s name,” said Gene Todaro Jr. “This is the only group we trust to keep the tradition alive.”
Apartments website purchased for over $ 1.1 million
The developers of an 84-unit, low-middle-income apartment complex on North University Avenue bought the property for $ 1.1 million, records show
The Arbors in Lafayette, who announced the Lafayette project earlier this year but did not identify a location, purchased the 15-acre property south of Alcide Dominique Drive for the project, which is being jointly developed by the Arbor Valley Communities of Alabama and Alabama bearing point properties from Baton Rouge.
The project will include one, two and three bedroom units and serve tenants who earn 20-80% of the area’s median income.
Developers received from Louisiana Housing Corp. a community development block grant of $ 7.9 million as part of a $ 106 million PRIME (Piggyback Mixed Income) funding to meet the needs of low- to middle-income tenants affected by the flood 2016 will be affected.
Block grant funds are leveraged with 4% low-income residential tax credits and an FHA mortgage, Arbor officials said.
“We are very excited about this award,” said Gabe Ehrenstein, director of the Arbor Valley Communities. “With the award, we can develop the much-needed housing stock to help an area that is still recovering from the devastating floods of 2016.”
The complex will include high performing and energy efficient building designs and materials, highlighting healthy living and resource conservation practices. It will include a swimming pool, playground, computer and business centers, and fitness center.
The development is the latest in a wave of high-density construction in Lafayette, including the Garden Plaza Hotel & Convention Center, which will be converted into 217 apartments, and the 120-unit West Park Apartments, which will be adjacent to J. Wallace James Elementary, the The former Wyndham Garden Hotel on Pinhook Road being converted into an apartment building and the three-story senior citizen’s residential center with 51 units near Acadiana Mall.
The director of the Leadership Institute resigns
Ashley Mudd has stepped down as executive director of the Leadership Institute of Acadiana to take advantage of another opportunity, One Acadiana announced.
The institute’s board has hired a search committee to find Mudd’s successor, said board chairman Taniecea Mallery, who will lead the process.
Mudd spent five years in the role overseeing the Leadership Lafayette program and others to attract the area’s most dedicated leaders from the private, nonprofit, and public sectors to create a better Acadiana.
“Since 2016, Ashley has been instrumental in the development and success of LIA. While we will miss her and her inspiring leadership, we wish her the best of luck in her new endeavor,” said Mallery. “We would like to thank her for five years of dedicated service that has brought many significant successes, including: Expanding LIA programming to find new ways to involve participants and alumni, to lead the introduction of a new organizational brand and the organization to position for the future through the newly published strategic plan. “
UL Business Pitch Contest winner named
Kurstin Laceky, a senior at the University of Louisiana at Lafayette, won $ 3,000 as a top winner in the Moody Pitch competition.
Laceky won for her business idea of Waterhem’s, a patent-pending, portable all-in-one urban chicken feeding system, in the Moody College of Business competition and the BRF’s Entrepreneurial Accelerator Program, which provides services to innovative startups and companies are working on it to promote entrepreneurial opportunity in northern Louisiana.
Students first took an online workshop on speed advice and business development last month and then submitted pitch presentations for evaluation to determine the five finalists.
“The Moody Pitch competition helped me take this project further than I ever thought,” said Laceky. “I look forward to meeting people and sharing my passion for agriculture with those who have a similar passion.”
Shelby Stewart, an MBA candidate, won second place and a $ 1,000 cash award for Tots & Tailgates LLC, a safe and portable truck bed playpen for toddlers. Darcy Fabre, also an MBA candidate, won third place and $ 500 for her idea of Precious Human, a DIY textile manufacturing company that uses local Acadian brown cotton.
The top three winners won six months of professional services from the Accelerator program. The five finalists will receive Louisiana Startup Prize scholarships to compete for a grand prize of $ 25,000, as well as one year membership in the Opportunity Machine.
“Small businesses and entrepreneurs make up 55% of all businesses in Louisiana,” said Dave Smith, director of the accelerator program, one of the judges for the competition. “At EAP, we want to support students and young entrepreneurs so that they have the knowledge to be truly successful in starting a business.”
Other judges included John F. George Jr., BRF President and CEO; Brian Bolton, UL Professor of Economics and Endowed Finance Chair; Heidi Melancon, director of the Louisiana Small Business Development Center at UL; Whitney Savoie, former Marketing Director at Waitr; and Missy Rogers, president of Noble Plastics.