First Watch to open first restaurant in St. Petersburg

January 4, 2013 

BRADENTON -- First Watch plans to open its first restaurant in St. Petersburg this summer. The restaurant will employ about 25 people.

The new 3,600-square-foot restaurant will hold an end-cap space at 4045 Tyrone Blvd. N. in Tyrone Crossings retail center. First Watch will join Anytime Fitness in the newly developed center.

First Watch was recently voted the best brunch spot in the Tampa Bay area by Clear Channel Media and Entertainment listeners in its first iHeart Tampa Bay Awards.

In late November, First Watch also announced plans to open its first restaurant in Wellington, Fla., early this year.

The new St. Petersburg restaurant will feature an interior design concept known as "Connect." It connects traditional First Watch design elements with contemporary executions by maximizing natural light provided during the restaurant's daytime hours, and incorporating color tones intended to convey the warm and inviting personality of the First Watch brand.

Foreclosure numbers down in November

Foreclosures dropped nationally in November from October and a year ago, according to CoreLogic, an analytics firm.

According to the company, there were 55,000 completed foreclosures in the U.S. in November, down from 72,000 in November 2011, a year-over-year decrease of 23 percent. On a month-over-month basis, completed foreclosures fell from 59,000 in October to the current 55,000, a decrease of 6 percent.

An estimated 1.2 million homes, or 3 percent of all homes with a mortgage, were in the national foreclosure inventory as of November compared with 1.5 million, or 3.5 percent, in November 2011. Month over month, the national foreclosure inventory was down 3.5 percent from October to November.

"The continued fall in completed foreclosures is a positive supply-side contribution in many regions of the U.S.," said Anand Nallathambi, president and CEO of CoreLogic. "We still have a long way to go to return to historic norms, but this trend is firmly in the right direction."

Florida was one of five states with the highest number of completed foreclosures with 94,000. The others were California (102,000), Michigan (75,000), Texas (58,000) and Georgia 52,000).These five states account for 50 percent of all completed foreclosures nationally.

The five states with the highest foreclosure inventory as a percentage of all mortgaged homes also included Florida (10.4 percent).

Gateway Bank collects 300 books

MANATEE -- Gateway Bank collected about 300 books during a holiday book drive, benefitting students of Team Success, a Title 1 charter school in Bradenton. Books were distributed to students for Christmas.

As a Title 1 school, Team Success serves students of low-income families.

Sarasota Prime Time planned for Jan. 16

SARASOTA -- Sarasota Prime Time, a business meet and greet event, will be held Jan. 16 at Girl Scouts of Gulfcoast Florida, Inc. 4780 Cattlemen Road.

The 5:30 to 7:30 p.m. event will include exhibitions by Sarasota Chamber members. Attendees will have the opportunity to mingle with an expected 300-plus business professionals and 30 exhibitors, while enjoying complimentary hors d'oeuvres provided by chamber member restaurants.

Cost is $10 for chamber members; $15 for guests.

Chamber member companies may purchase a table top exhibit to showcase their business for $125. The chamber is also offering a 2013 Exhibitor Package for $395.

For more information on exhibiting, visit www.sarasotachamber.com/events or contact Jamie Overmiller at (941) 556-4034 or jovermiller@sarasotachamber.com.

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