Daily Archives: July 11, 2012

Property owners file lawsuit against Casey Bachrodt claiming mismanagement and breach of fiduciary responsibility

WICHITA — Various entities, all partially owned by Summit Holdings LLC, have filed a lawsuit in Sedgwick County District Court against developer Casey Bachrodt.

Summit’s five shareholders also own Key Construction.

The suit claims Bachrodt mismanaged six properties in which he also was an owner.

“We feel like he didn’t fulfill his fiduciary responsibility,” says John Walker, Summit administrator and member.

Bachrodt didn’t return calls for comment.

The relationship between Bachrodt and Summit goes back at least a decade.

Starting in October, Summit began removing Bachrodt from managing its properties, including two strip centers in Andover, one in Emporia, one in Texas and two office buildings on and near Rock Road in Wichita.

Walker says Bachrodt didn’t market the properties properly or do a good job keeping tenants or being responsive to them.

“It’s been an ongoing problem, and we weren’t able to control it and get all the details we needed until we took (the properties) over,” Walker says.

Builders Inc. now manages the properties, which Walker says “has been a very good move for us.”

 

 

You don’t say

“It will be bigger than the last one, so that will perk some eyebrows up.”

Tom Chendorain on the 3,600-square-foot dance floor at 3130 W. Central where the Loyal Order of the Moose 138 is moving if it can get proper zoning

Kenny Lowrance sells Superior Rubber Stamp & Seal to longtime employee Mike Herman

WICHITA — More than four decades after starting Superior Rubber Stamp & Seal, Kenny Lowrance has sold the business to Mike Herman, who has worked there for 24 years.

Superior, which Lowrance opened in 1967, is at 2725 E. Douglas and is known for the bronze horse atop its building.

“That’s kind of a landmark for Superior,” Lowrance says. He says he joked with his family, “It’s time to turn over the reins to Mike.”

The company manufactures rubber stamps and seals and engraves signs, such as desk plates and name badges.

Lowrance was in the industry for 56 years.

“It’s time to move on, and Mike Herman is a very deserving person and knows the business as well as I do.”

Lowrance is going to keep his office and parking space and help out if anyone has any questions about “some of the old-timer things.”

“Other than that, I’m through,” he says. When Lowrance stops in, he says he’ll use his computer to search for antiques and jewelry.

“That’s what I’ve been doing for quite a while. Now, it’s really official.”

 

Former d’Sozo chef Miguel Larcher to open Garden Grill Cafe at Occidental Plaza

WICHITA — Former d’Sozo chef Miguel Larcher is preparing to open his own restaurant.

Larcher plans Garden Grill Cafe for 1,675 square feet on the first floor of Occidental Plaza at 300 N. Main St. There also will be an outdoor patio.

“It will be all vegan,” Larcher says of his menu.

Larcher grew up in Martinique, where he attended culinary school at age 16. Eventually he attended another culinary school in Nice, France, before coming to the United States 20 years ago.

Initially, the Garden Grill will be open for lunch from 11 a.m. to 3 p.m. daily except Saturdays, when it will be closed.

There also will be brunch on Sunday and dinner by reservation only on Tuesday, Wednesday and Thursday.

Larcher hopes to open by late September or early October at the latest. A month after opening, he says he’ll add breakfasts to his daily servings.

He also plans a smoothie and juice bar.

Entrees will rotate each week, but Larcher says each day of the week will offer a different theme, such as Creole, Italian or French cuisine, among others.

Stephanie Wiens of Occidental Management and Jad Wolf and Shannon Palmer of KW Commercial Hometown Partners handled the deal for the space.

This leaves only one 2,400-square-foot vacancy within Occidental Plaza.

 

All Sports stores to close in September

WICHITA — A disappointed Randy Staub is closing his two All Sports stores in Wichita and Newton.

“I just can’t do it anymore,” he says. “Ever since ’08 when the economy kind of went in the tank, our business kind of took a downturn.”

All Sports, which opened in 2005, is a sporting apparel and memorabilia shop. The Wichita store is in the Westlink Shopping Center at Central and Tyler. A second store opened in Derby in 2007 and then moved to Chisholm Trail Center – Outlet & Retail Shops in the summer of 2009.

Staub estimates as much as 50 percent of his customers are aircraft workers – or were.

“We lost a lot of our buying power with those aircraft workers.”

Staub says most shoppers have cut back on discretionary spending.

“Our type of stuff falls to the bottom.”

Staub says it’s also hard to compete with the Internet and big-box stores.

“They’re killing off all the small businesses,” he says. “They want to be your sporting goods store, your pharmacy … your hardware store, your grocery store. They want to be everything.”

Staub says his store has more variety, with merchandise from a lot of secondary teams, than some of his competitors.

“We tried and tried,” Staub says. “We’ve got great customers, but I just don’t have enough.”

The stores likely will close in early September.

Staub isn’t sure what he’ll do next.

“Our whole family works here, so we all kind of got to look at doing something else.”