Latest news with #HighPoint-based
Yahoo
5 days ago
- Business
- Yahoo
New developments could replace downtown Greensboro parking decks
GREENSBORO, N.C. (WGHP) — Two large properties in downtown Greensboro could soon be the launch pad for new developments. Greensboro City Councilman Zack Matheny said Tuesday's city council meeting will be one for the history books. City leaders are expected to discuss the future of two parking decks in downtown Greensboro. One of them is the Bellemeade Street Parking Deck. According to a city council agenda, when it comes to the Bellemeade Street deck, which is already being demolished, city leaders will talk about authorizing an agreement with the Caroll Companies to purchase the property for $1.85 million. 'And then they would pave the property so parking spaces would be there. But also within five years, they would invest a minimum $50 million project,' Matheny said It's a project that would be a full redevelopment of the property. Less than half a mile away, sits the Davie Street Parking Deck. Matheny said city leaders are negotiating with BSC Holdings Incorporated. As part of that agreement, the High Point-based property company would assume full responsibility for demolition and future site development, saving the city $1.4 million. 'And then they would agree to do at minimum, a $12 million project. So two major new projects in downtown Greensboro,' Matheny said Right now, a plan for both developments hasn't been announced yet, but Matheny believes it'll include new businesses. 'I think you're going to have a lot more residential. You'll have some hospitality, retail, and it just shows further that downtown Greensboro continues to grow,' Matheny said. FOX8 reached out to the Caroll Companies, and a spokesperson said the company has an interest in how the Bellemeade Street deck property is redeveloped since it has adjoining property. FOX also reached out to BSC Holdings Incorporated, but we have not heard back from them. Tuesday's city council Meeting starts at 5:30 p.m. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
24-03-2025
- Business
- Yahoo
High Point-based coffee company sues Trader Joe's over false advertising of ‘low-acid' coffee
HIGH POINT, N.C. (WGHP) — A High Point-based coffee company is suing a major grocery chain over what they claim is deceptive advertising of a product similar to what they sell. Puroast filed the lawsuit last month in Florida federal court, where they're incorporated, claiming that Trader Joe's is falsely advertising low-acid coffee, which they say is not low acidity but is less caffeinated than normal coffee, which they don't acknowledge in the marketing. 'This is a false advertising case that seeks to expose and stop the sale of coffee that Trader Joe's has misleadingly been advertising and selling as 'low acid.' Testing has confirmed that the coffee being sold by Trader Joe's as 'low acid' contains less than half the caffeine as true coffee. Consumers seeking true low acid coffee are deceived by the false and misleading claim by Trader Joe's that its product is low acid coffee. Trader Joe's conduct puts consumers at a heightened level of health risk and allows Trader Joe's to sell its product at a market premium, all while harming Puroast in its sale of true low acid coffee,' according to the complaint. The complaint defines 'low-acid coffee' as coffee that has a pH level above 5.5 or at least 50% less acid than regular coffee without additives or treatments. Regular coffee is 'fairly acidic' which can make it difficult or impossible to drink for people with certain health conditions. Puroast has its own proprietary roasting methods in order to minimize the acidity. 'Importantly, Puroast's coffee also retains its full flavor and caffeine content,' the complaint says. 'In other words, it is truly a regular coffee with significantly lower acidity.' Sand cat at Greensboro Science Center advances to final round of nationwide photo competition The company say that this is what makes Puroast unique, 'as other brands that do not have access to Puroast's proprietary roasting technologies and, as a result, they can offer only watered-down, substituted or neutralized beverages that have significant impacted caffeine levels, taste profiles or both.' This is where the issue stems from, according to the lawsuit, which accuses Trader Joe's of chasing the low-acid coffee trend in 'by offering low acid coffee to consumers that has been steamed to reduce acidity. The steaming process reduces the potency of the coffee, essentially watering it down, and greatly reducing its caffeine content.' The Trader Joe's 'low-acid' coffee has significantly less caffeine and does not have a pH above 5.5, which is considered the threshold for low-acid coffee. 'Trader Joe's has made these false and/or misleading statements (representing decaf or half caff coffee as regular low-acid coffee) to capitalize on several consumer trends without making the investment or changes needed to produce authentic low-acid coffee,' the lawsuit continues. 'By falsely marketing decaf or half caff coffee as low-acid, companies can exploit this niche market without adjusting their sourcing or roasting processes, which can be costly.' Puroast believes that this false and misleading advertising by Trader Joe's harms them, impacting the market for low-acid coffee. They are requesting that the monetary amount of damages be determined at trial. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
