Oak Ridge Today

Centrus completes centrifuge demonstration, reducing Ohio workforce, continuing Oak Ridge work

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American Centrifuge Technology Manufacturing Center

The American Centrifuge Technology Manufacturing Center in south Oak Ridge is pictured above. (Photo courtesy USEC/Centrus Energy Corp.)

 

A centrifuge demonstration is complete in Piketon, Ohio, and the workforce there will be reduced, but  research, engineering, and testing work will continue in Oak Ridge, Centrus Energy Corporation announced Friday.

The company, which is based in Bethesda, Maryland, said it has completed operations of its three-year demonstration cascade of American Centrifuge machines at its facility in Piketon, Ohio. Now, it will demobilize the demonstration cascade and reduce its workforce at Piketon starting with the layoff of about 60 employees during the week of February 29, Centrus said.

Centrus currently has more than 120 employees working at two dedicated facilities in the Oak Ridge area to engineer, design, and test improvements in full-size machines operating in individual test stands, a press release said. The company’s scientists and engineers will continue to improve the reliability and manufacturability of centrifuge machines for potential future applications, the release said. [Read more…]

ORNL Federal Credit Union opens new Oak Ridge branch

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ORNL-Federal-Credit-Union-Ribbon-Cutting-Gooch-Anderson-Catron-Feb-15-2016

Local officials and executives celebrate the new Oak Ridge branch of ORNL Federal Credit Union with a ribbon-cutting on Monday, Feb. 15, 2016. (Photo by John Huotari/Oak Ridge Today)

 

The new Oak Ridge branch of ORNL Federal Credit Union opened Tuesday. Officials and executives celebrated with a ribbon-cutting on Monday.

It’s the new main Oak Ridge branch, and it’s at 215 South Rutgers Avenue. That’s where ORNL Federal Credit Union had its original headquarters, right next to where the current headquarters are.

The main Oak Ridge branch was in the current headquarters building until this week.

The new branch building has extended drive-through hours: 8 a.m. to 6 p.m. Monday through Friday, and from 8:30 a.m. to 1 p.m. Saturday (lobby will close at noon).

“This is a great addition to our community,” Oak Ridge Mayor Warren Gooch said at Monday’s ribbon-cutting. [Read more…]

Protomet announces $30 million, 200-job expansion, but moving is an option

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Protomet-Walt-Weaver-Feb-2-2016

Protomet Corporation on Tuesday, Feb. 2, 2016, announced a $30 million, 200-job expansion, but the landlocked company could move to another county—or even another state. Pictured above is Protomet production associate Walt Weaver. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 11:35 a.m. Feb. 3.

Protomet Corporation on Tuesday announced a $30 million, 200-job expansion, but the landlocked company could move to another county—or even another state.

Protomet is now located in the Bethel Valley Industrial Park in south Oak Ridge.

The company hopes to break ground on the 100,000-square-foot expansion in June and plans to add 200 new jobs during the next five years. Protomet now has 70 workers in a 40,000-square-foot building on eight acres, so the company would more than triple in size.

Besides staying put, Protomet is also looking at sites in Roane County (the Horizon Center in west Oak Ridge), Loudon and Monroe counties, and South Carolina. The company is looking at some tracts of land outside Anderson County that are more than 25 acres. Protomet needs about 25-30 acres for the expansion, and right now, it doesn’t have it. [Read more…]

Riverside Grille closed, development sold to Copper Cellar restaurant family

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Riverside-Grille-Closed-Feb-1-2016

The Riverside Grille was closed Monday, Feb. 1, 2016, and developers and businessmen Rick and Ryan Chinn announced the property on Melton Lake Drive has been sold to the Copper Cellar restaurant family. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 11:20 a.m. Feb. 3.

The Riverside Grille was closed on Monday, and developers and businessmen Rick and Ryan Chinn announced the waterfront development on Melton Lake Drive has been sold to the Copper Cellar Family of Restaurants.

It’s not clear which of the Copper Cellar restaurant brands might move into the Oak Ridge restaurant site. Options could include Copper Cellar, Chesapeake’s, Calhoun’s, and Smokey Mountain Brewery, among others.

The Chinns have owned the roughly seven-acre Melton Lake property for 10 years. They have a perpetual easement on it, which is like a long-term lease, from the Tennessee Valley Authority, Rick Chinn said Monday night. The Copper Cellar Family of Restaurants will own the perpetual easement starting this week, including the land, the 12,000-square-foot building, and its parking lots, Chinn said. [Read more…]

Tech 2020 winding down operations; Pro2Serve among its success stories

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Technology-2020-Jan-27-2016

The board of directors for Technology 2020, which is located in Commerce Park in south Oak Ridge, voted Tuesday, Jan. 26, 2016, to wind down operations after more than two decades. (Photo by John Huotari/Oak Ridge Today)

 

Tech 2020—a nonprofit organization that counts Pro2Serve, a technical and engineering services firm, as one of its early success stories—announced last week that it is winding down operations after more than two decades.

Facing increased financial pressures, the Tech 2020 Board of Directors voted Tuesday, January 26, to begin an orderly process to wind down their operations, a press release said. The organization has been focused on technology-based economic development activities in the Knoxville-Oak Ridge region.

Tech 2020 once had 12 to 15 employees or more, but it is now down to less than five full-time employees, said Tom Ballard, past Tech 2020 chair and longtime Executive Committee member who was on the founding board. The organization has one building at Commerce Park in south Oak Ridge and manages a second building, an entrepreneurial center, for the City of Oak Ridge.

Tech 2020 was established in 1994 in Oak Ridge with significant grants from BellSouth, now part of the AT&T enterprise, and others, the press release said. The organization’s initial focus areas were telecommunications and entrepreneurship. One of its early creations was Digital Crossing Networks LLC, which is located in downtown Knoxville.

Pro2Serve is another success story, Ballard said. The company went from a home office to the Tech 2020 building to headquarters in the National Energy Security Center in the Oak Ridge Science and Technology Park at Oak Ridge National Laboratory. The company now has more than 350 employees. [Read more…]

CVMR, partner agree to concentrate ore in Guatemala, refine it in Oak Ridge

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Michael Hargett and Kamran Khoza of CVMR USA

CVMR President Michael Hargett, left, and Kamran Khozan, chairman and chief executive officer, joined local, state, and federal officials on Friday, March 13, 2015, to announce they’re moving company headquarters from Toronto to Oak Ridge, investing $313 million and adding 620 jobs. (File photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 11:37 a.m.

CVMR Corporation and Central America Nickel Incorporated have agreed to concentrate three million tons of ore per year in Guatemala and refine the concentrate in Oak Ridge. The refined products could be used in the aerospace and defense industries, and in the manufacturing of car parts, 3D printing and injection molds, and medical instruments and electronic parts.

“The joint venture expects to generate over $500 million a year (U.S. dollars) after commissioning and ramp up,” said Kamran M. Khozan, chairman and chief executive officer of CVMR Corporation.

The partnership was announced Thursday. See the press release here.

The announcement said CVMR and Central America Nickel, or CAN, will use CVMR’s proprietary chemical vapor metallurgy technology to concentrate the three million tons of ore per year in Guatemala and refine the concentrate in Oak Ridge, through CVMR and from CAN’s Santa Anita property in Guatemala. [Read more…]

Tennessee Tool, Engineering expanding, could add 20 jobs over three years

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Tennessee Tool and Engineering has broken ground on a 10,000-square-foot expansion in the Bethel Valley Industrial Park. The company could add up to 20 new jobs during the next three years. (Photo by John Huotari/Oak Ridge Today)

 

Tennessee Tool and Engineering Inc. has broken ground on a 10,000-square-foot expansion in Bethel Valley Industrial Park, and the company could add up to 20 new jobs during the next three years, executives said.

The groundbreaking was for the company’s High Pressure Die Casting Division: TTE Casting Technologies Inc. The expansion was announced last week by Greg Palmer, TTE vice president/operations manager.

The expansion is part of a $5 million building and capital investment in Oak Ridge and Anderson County, the company said in a press release. Another expansion is planned for 2018 to include the machining operations at the Emory Valley Road location. The company does not plan to pursue tax abatements. [Read more…]

Evans, city’s retail consultant, to give brief mall update Monday

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Oak Ridge Mall

The Oak Ridge City Center, which could be redeveloped as Main Street Oak Ridge, a multi-use project with retailers, restaurants, residential units, and a hotel, is pictured above. Also known as the former Oak Ridge Mall, the L-shaped building is at center. The white building at center left is Walmart, and it is not part of the proposed redevelopment. Neither is the white building at center top, the Cinemark Tinseltown Theater. (Photo by John Huotari/Oak Ridge Today)

 

Ray Evans, the city’s retail consultant, will give a brief update on Main Street Oak Ridge, the project to redevelop the former Oak Ridge Mall, during a Monday evening meeting.

Evans will give the update during an Oak Ridge City Council meeting that starts at 7 p.m. Monday, January 11, in the Municipal Building Courtroom.

The Oak Ridge Municipal Planning Commission approved a re-subdivision for the $80 million project on Thursday. City officials said the re-subdivision was a required condition for the closing on the property.

RealtyLink, the new developer, has said they still plan to have some stores open at the site by the Christmas 2016 holiday shopping season. [Read more…]

Planning Commission to consider re-subdivision for Main Street Oak Ridge on Jan. 7

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Main-Street-Oak-Ridge-Sign-Dec-21-2015

Workers from Masstar Signs of Greenville, S.C., install a new shopping center pylon sign at South Illinois Avenue and East Tulsa Road that announces Main Street Oak Ridge, the planned $80 million redevelopment of the former Oak Ridge Mall. Pictured above on Monday, Dec. 21, 2015, is Will Biggs of Masstar Signs. (Photo by John Huotari/Oak Ridge Today)

 

A re-subdivision for Main Street Oak Ridge, the $80 million project to redevelop the former Oak Ridge Mall, will be considered on Thursday, January 7.

Ray Evans, retail consultant for the City of Oak Ridge, has previously said that a subdivision plat has to be approved by the Oak Ridge Municipal Planning Commission before RealtyLink, the new developer, can close on the 58-acre site in the center of Oak Ridge.

The re-subdivision will be considered by the Planning Commission in a special-called meeting at 5:30 p.m. Thursday, January 7, in the Oak Ridge Municipal Building Training Room. [Read more…]

Another sign of progress: Workers install new sign announcing Main Street Oak Ridge

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Main-Street-Oak-Ridge-Sign-Dec-21-2015

Workers from Masstar Signs of Greenville, S.C., install a new shopping center pylon sign at South Illinois Avenue and East Tulsa Road that announces Main Street Oak Ridge, the planned $80 million redevelopment of the former Oak Ridge Mall. Pictured above on Monday, Dec. 21, 2015, is Will Biggs of Masstar Signs. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 3:30 p.m.

They tore down the old Oak Ridge Mall sign on Wednesday and erected a new shopping center pylon sign on Monday. It announces Main Street Oak Ridge, the planned $80 million redevelopment of the former Oak Ridge Mall.

Although it appears a small step to some, it is another sign of progress on the long-awaited, eagerly anticipated redevelopment of the mostly empty mall. It’s actually the biggest visible change at the mall property in years.

Local officials pointed out that the sign change wouldn’t have happened without the approval of the current owner, Oak Ridge City Center LLC. Also, the change presumably required the new developer, RealtyLink of South Carolina, to spend some money on the sign and its installation, officials said. [Read more…]

Signs of progress: Workers remove old Oak Ridge Mall sign

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Oak-Ridge-Mall-Sign-Dec-16-2015

Workers from Masstar Signs remove the old Oak Ridge Mall sign on South Illinois Avenue on Wednesday, Dec. 16, 2015. The mall redeveloper, RealtyLink, could close on the 60-acre property in January. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was updated at 10:47 p.m.

In one sign of progress, workers removed the old Oak Ridge Mall sign on South Illinois Avenue on Wednesday as the company that wants to redevelop the property prepares to close in January.

The redeveloped 60-acre site would be a mixed-use development featuring retailers, restaurants, residential units, and possibly a hotel. It would be called Main Street Oak Ridge.

RealtyLink, the company leading the proposed $80 million redevelopment, had hoped to close on Tuesday, December 15, but the expected closing date has been pushed into January. RealtyLink only became involved about three months ago, taking over from the previous developer, Crosland Southeast, in mid-September. [Read more…]

Main Street project won’t close Tuesday; closing could be in January

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Neil Wilson of RealtyLink at Rise and Shine on Nov. 3, 2015

Neil Wilson, left, principal of RealtyLink, gives an update on the redevelopment of the former Oak Ridge Mall at an Oak Ridge Chamber of Commerce Rise and Shine at TNBank on Tuesday, Nov. 3, 2015. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 9:30 a.m. Dec. 15.

The new company leading the redevelopment of the former Oak Ridge Mall won’t close on the property on Tuesday, and the closing could be pushed into January, officials said this month.

But it’s nothing to be concerned about, one official said Monday, adding that there are many pre-closing activities to accomplish in a short period of time, some in series.

“There have been no holdups, just a lot to do,” said Ray Evans, retail consultant for the City of Oak Ridge. “As an example, a subdivision plat has to be approved by the Planning Commission prior to closing. In order for the plat to be prepared, the property had to be re-surveyed. The new survey stakes are very apparent around the property. The plat was submitted yesterday (Monday). It will likely go before the Planning Commission at its meeting on January 7.”

Evans said RealtyLink has had geotechnical staff on site doing core borings during the past few weeks.

“In addition, they have been working on completing the environmental work,” he said.

Officials said RealtyLink and its contractor remain committed to having stores open for seven of the new tenants for the 2016 Christmas season. [Read more…]