Journal of Business - November 2021

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CELEBRATING

November 2021 Volume 20 | Issue 11

YEARS

New apartment project honors pioneering builder By Wendy Culverwell editor@tcjournal.biz

Labor & Employment

Tech manager seeks jobs for staff as company reorganizes Page A13

Business Profile

The pandemic couldn’t close book on Novel Coffee + Teas Page A34

Real Estate & Construction

A series of happy and not-so-happy accidents led Ciao Wagon to Pasco Page B1

NOTEWORTHY “It’s the highest profile corner in Eastern Washington.” Page B1

PLEASE DELIVER TO CURRENT OCCUPANT

Tri-Cities Area Journal of Business 8524 W. Gage Blvd., #A1-300 Kennewick, WA 99336

- Britt Creer of Urban Range

The late developer Robert “Bob” Young liked to give his apartment complexes dignified names. The Villas. Washington Square. Broadmoor. Jadwin Stevens. Highlands. Young, who lived in San Francisco but left a mark on the Tri-City landscape, died in 2014 at age 82. The company he founded, once known as Robert Young and Associates, is now led by his son, Grant Young, and is still building. But it is taking a different view when it comes to naming its latest apartment project. It plans to break ground in January on The Bob, a 192-unit apartment project at 730 SE Columbia Park Trail, near the Steptoe Street roundabout. “That’s a good tribute to my dad. He always wanted to do things,” said Grant Young, who like his father is based in San Francisco. His business partner, Nick Wright, is based in Richland and is leading The Bob project. The company is partnering with SRM, a Spokane development firm, to build The Bob, which will cater to high-income renters. Young and Wright said the name is a fun way to honor Bob Young, a longtime developer behind several apartments and other properties in the Tri-Cities, many of them the first projects of their type in the community. The Young family bought the Columbia Park Trail property in 2005, intending to develop it. They removed a manufactured home park but plans never materialized. Today, the entrance is blocked by a pair of concrete jersey-style barriers. Weeds and trees are overtaking the old roads, parking pads and other infrastructure. The Bob is the company’s first new project in recent years. Wright said it is the right time and apartments were the right fit. Covid-19 has been tough on apartment owners like the Young organization. More tenants are unable to pay rent, but overall, its portfolio is doing well. uTHE BOB, Page A8

Photo by Kristina Lord Cindy Mosley-Cleary, owner of The Lady Bug Shoppe in downtown Kennewick, poses in front of her store at 304 W. Kennewick Ave., as Alicia Michaliszyn of Allusions Art & Design paints a winter scene featuring glittery red cardinals, a symbol hope — and Mosley-Cleary’s hopes for a successful shopping season.

Tri-City shopkeepers bring grit, good luck to holiday shopping season By Wendy Culverwell and Kristina Lord editor@tcjournal.biz publisher@tcjournal.biz

Cindy Mosley-Cleary took over a gift shop in downtown Kennewick about six years ago and made it her own, packing it with charming pick-me-ups and home décor items. She may be relatively new at owning a retail business, but she had decades of retail sales experience before then. When supply chain issues started making headlines, Mosley-Cleary knew what to do: Order, order, order. She laid in a supply of bags, C.C. beanies, Pop Its, key chains, toys, home décor

items and more for her store, The Lady Bug Shoppe, 304 W. Kennewick Ave. Heading into the holiday shopping season, she’s hopeful Tri-Citians will shop local for the holidays, a mood that’s reflected in choice of motif she chose for her windows this holiday season. Rather than paint a festive Christmas scene on the glass, she chose white birch trees and red cardinals. “Hope. That’s what cardinals are,” she said. The holiday season is in full swing and mom-and-pop shops are competing against big box retailers and the internet with a combination of charm and grit. The TriuRETAIL, Page A24

Four years ago, Carbitex bet its future on footwear – it’s paying off By Wendy Culverwell editor@tcjournal.biz

Carbitex Inc., the Kennewick tech manufacturer that turns carbon fabric into flexible carbon composites, had a choice to make when it debuted in 2012. Its patented, flexible-yet-rigid composite material could be used in any number of products. Junus Khan, founder and chairman, had to figure out which one to target. Four years ago, Khan and his team chose footwear. Embedded in athletic footwear, Carbitex’s carbon composite plates provide strength and lift thanks to its capacity to transfer power from the foot to the ground. It is a marquee addition to high-end shoes

– boots in Europe – worn by some of the world’s most elite athletes. The footwearfocused planning, development and marketing efforts Junus Khan are paying off. Carbitex boasts repeat orders from its stable of footwear customers, including Adidas, growing revenue, about $15 million in capital from investors across several rounds, a payroll that has grown to 50 and a new CEO. uCARBITEX, Page A4

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