Downtown Matters: Pearl Market Heats Up Downtown Retail
Thursday, December 2nd, 2010
Pearl Market fans might have been saddened when the summer Pearl Market came to a close on October 29, wrapping up another successful summer. But the following week the Winter Pearl Market opened in a new location at 33 N. Third Street. Now in the second year of a two-year grant from the USDA Farmers Market Promotion Program, the Winter Pearl Market will continue to offer fresh seasonal produce, meats, cheeses, bread, baked goods and unique handcrafted items. The Winter Market will operate Tuesdays and Fridays from 10:30 a.m. to 2 p.m. through February 25.
Once again this year, the Capital Crossroads Market staff has put together a Marketplace where customers can shop a variety of goods from vendors such as Sweet Thing Gourmet, IKC Designs, The Olive Orchard and more. The Marketplace offers visitors a unique shopping experience for the holidays. Shoppers can also continue to use their credit cards or Ohio Directions Card to make purchases, a service which was test run at last winter’s Market and utilized so successfully at the summer Market this year.
“We are excited about running a Winter Pearl Market again this year,” explained Adam Schroeder, Market Manager. “We have a great mix of new and returning vendors and have brought in some live entertainment to add to the experience.”
Kacey Brankamp, Retail Recruiter for Capital Crossroads, is excited about the Market too. It is her job to recruit retailers to the downtown area and the Pearl Market, both the summer and winter versions, is an outstanding tool. The Pearl Markets serve as retail incubators for entrepreneurs interested in testing the waters downtown. Someone with a great idea or an established business in another part of town can do a trial run downtown in a low-risk environment.
The booth fees are minimal and include the “storefront,” so the vendor can focus solely on his/her product, customer interaction and visual display. Being part of the Market also means their business is part of an established commercial area with its own marketing and existing customer base.
“The Pearl Market is a wonderful retail incubator for downtown,” said Brankamp. “Incubator is the perfect word to describe the environment because vendors are clustered together which offers them support, feedback and a customer base that is naturally inclined to support new and unique products.”
In her efforts to bring new retailers downtown, Brankamp has been able to point to the success of previous Pearl Market vendors who have gone on to open permanent retail locations in the area. These vendors who used the Markets to test and grow their businesses include Sugardaddy’s Sumptuous Sweeties, Si Senor Sandwiches and More and Take Ten Body Therapy.
“To test the idea of expanding our retail presence with a Sugardaddy’s downtown store, we leveraged Pearl Market and Capital Crossroads to understand better the downtown customer and the potential fit of Sugardaddy’s in the downtown market, while actually selling our products to new customers,” explained Mark Ballard, co-founder and co-CEO of Sugardaddy’s. “Moreover, once we made the decision to open a store downtown, we then were able to use the Market to advertise when and where we were opening. Pearl Market proved to be a tremendous low-cost, low-risk solution to conduct market research, increase sales and advertise our business’ products.”
The Market also offered a landing ground for New Orleans Pralines when their location was closed with the demolition of City Center. Chandra Noble has maintained her business and customer base through offerings in the Market.
While the closure of City Center altered the face of retail downtown, with the help of ventures like Pearl Market and the commitment of Capital Crossroads SID full-time retail recruitment program, downtown’s future will see more small and locally owned businesses, the very type that Pearl Market can help foster and support.
On October 29 the summer Pearl Market closed for the 2010 season, wrapping up another very successful year of bringing fresh, local produce, foods and unique goods to the downtown community. Over the course of the summer, 58 merchants and 30 farmers peddled their wares in the Pearl and Lynn alleys with spillover on Broad and Gay streets. The Market operated for 47 days this summer, with an average of 3,500 people exploring its offerings on any given day. That totals almost 165,000 visits – all from people who enjoy shopping, lunch, entertainment and some fantastic people watching.
NO CHILL HERE
The last day of the summer Market was a beautiful day! Farmers still had large assortments of vegetables. We got some tomatoes, peppers, cucumbers and squash and it was all fantastic! We sampled fudge and cupcakes and bread. We said goodbye to new friends we had met this summer, but it wasn’t too sad because the indoor winter version of the Pearl Market starts Tuesday. Quite a few of the same vendors will be there along with some new vendors. It will be located on the west side of Third Street just north of Lynn Alley.
It’s getting cold at the Market! With just one week left for this season’s Pearl Market, I’m trying to fit in all the things I kept telling myself I would try/buy/eat later. I know that quite a few vendors will be at the Winter Pearl Market, but at this point, I don’t know who and I don’t want to miss anyone.
The Market is getting a wee bit smaller as the weather turns cold, but there is still plenty to do and see. Many vendors are adjusting their businesses accordingly. One of the food carts is serving piping hot pea soup. Delicious! One of our favorite musicians,
THANKFUL MANNERS