Downtown Raleigh business growing
Posted September 30, 2008
Updated October 1, 2008
Raleigh, N.C. — Despite tough economic times, some downtown businesses are thriving.
Gauray Patel, owner of the Japanese sushi restaurant Sono, at 319 Fayetteville St., has plans for another restaurant downtown. Sono opened about eight months ago, and Patel is expanding to open The Oxford Gastropub in the place previously occupied by Yancy’s restaurant.
“We are doing some cosmetic changes, giving it a more British pub feel to it,” Patel said.
According to the Downtown Raleigh Alliance, 32 new businesses have opened in the district this year. A total of 15 businesses have closed.
The latest business to close its doors was upscale restaurant Prime Only. The owner of the restaurant, off of Glenwood Avenue, blamed tough economic times for the closure.
“We never want to hear about the closing of any business in downtown,” Downtown Raleigh Alliance economic development manager Paul Reimel said.
Reimel said it is common for businesses to come and go, but with the new convention center and other revitalization efforts, there are more businesses coming than going