Biz Buzz

42nd & Nicollet

The Fun Sisters Boutique at 4253 Nicollet Ave. S. will be open for an evening of ‘Wine, Women and Purses’ from 7–9 p.m. on Oct. 18.

For this fundraiser, the boutique has teamed up with MomTalk.com, a website and publication for Minnesota mothers, and Cheerful Givers, a nonprofit group that provides birthday gift bags to underprivileged children.

Guests will enjoy complimentary wine, dessert and coffee while browsing unique purchases and participating in raffle drawings. The boutique is usually open only one weekend a month and specializes in purses, shoes and other one-of-a-kind gifts. The $20 admission fee will directly benefit Cheerful Givers and its
benefactors.

‘It’s a great opportunity to give back to give back to the community,’ event co-sponsor and boutique owner Patsy Skiba said, ‘and also introduce new people to our store.’

Advance tickets for ‘Wine, Women and Purses’ are available for purchase on www.cheerfulgivers.org or by sending a $20 check with your name, address, e-mail address and phone number to: Cheerful Givers/Wine, Women and Purses Event/1287 Berry Ridge Rd. Eagan, MN 55123.

— Katherine Rautenberg

24th & Hennepin

Twin Cities Green, a store with a focus on eco-friendly household items, is set to open Oct. 6 at 2405 Hennepin Ave. S.

Ryan and Tina North are opening Twin Cities Green after the success of their store Re Gifts indicated there was a local interest in environmentally friendly goods. Re Gifts on East 42nd Street is a shop specializing in unique gifts made from recycled and organic materials.

‘Consumers want to have greener choices for the things they buy and use everyday,’ co-owner Tina North said.

In addition to the furniture, home décor and cleaning supplies the store will carry, Twin Cities Green’s mission includes acquainting customers with earth-friendly publications and workshops. Through a collaboration with Do It Green! Minnesota, a nonprofit group Ryan North considers to be ‘the quintessential authority on being green in the Twin Cities,’ the store aims to become an invaluable resource for people who wish to live a more sustainable lifestyle.

For more information, e-mail [email protected] or check out www.twincitiesgreen.com.

— Katherine Rautenberg

Nicollet and Franklin

The current owners of the Acadia Café, 1931 Nicollet Ave. S., don’t plan to renew their lease when it runs out at the end of this year.

Juliana Bryarly said she and her husband, Tom Lowell, and their business partner, Jeff Radnich, wanted to purchase the building that houses the Acadia but could not negotiate a deal with their landlord, Thomas Berthiaume, who declined to comment on the deal.

Now, they plan to sell the café and reopen a similar business elsewhere.

Bryarly said there is an interested buyer for the business, which combines a coffee shop and bar with a performance space. But that buyer would need to negotiate a new lease with the landlord.

Acadia Café could remain in its current space under the same name if a new owner successfully negotiates with the landlord, Byerly said.

Bryarly, Lowell and Radnich purchased the café from Berthiaume in 2002.

Now, they’re planning ‘something like the Acadia, but bigger,’ Bryarly said.

Will they stay in Southwest?

‘We’re keeping all options open,’ she said.

— Dylan Thomas

Southwest-wide

The sluggish real estate market continues to dampen home sales in Southwest — a trend seen in the Twin Cities and across the country.

Through the end of August, there were 824 closed home sales in Southwest, a 14 percent drop in closed sales compared to the same time period in 2006, according to the Minneapolis Area Association of Realtors (MAAR).

Across the metro area, closes sales are down 14.9 percent this year compared to last year. Compared to 2005, sales are down 27 percent.

‘With buyers concerned by the news they hear on housing, it’s understandable that some are waiting on the sidelines,’ said Deb Greene, president of MAAR. ‘Our concern is that while they wait, they’re missing buying opportunities when the time is right.’

Southwest has an average year-to-date sales price of $332,787 — a 6.3 percent increase compared to last year’s average sales prices. The average sales price for the Twin Cities metro area is $277,243. That’s a slight dip in prices — a 0.2 percent decrease — compared to last year.

At the end of August, there were 611 single-family detached units and 530 townhomes or condominiums on the market in Southwest.

‘Projections on the future of the housing market are like belly buttons — everyone’s got one,’ Greene said. ‘But the only thing we know for certain is that this rebound will take some time. In the meantime, opportunity is out there for buyers.’

— Sarah McKenzie