Schiek's gets new owners
Schiek's Palace Royale, an adult club at 115 S. 4th St., is undergoing a management change.
VCGH, a publicly traded company based in Lakewood, Colo., has filed an application to purchase outstanding shares from Classic Affairs, Inc., the club's current owner.
The new company plans to maintain status quo at Schiek's. It will file for the same license held by Classic Affairs, Inc. -- a Class "A" on-sale liquor license with seminude adult entertainment.
"The applicant intends on no major changes to the current manner of operations at Schiek's," wrote Laura Boyd, a consultant working on the deal, in a letter to Andy Hauer, chair of the Downtown Minneapolis Neighborhood Association.
"The food menu will remain essentially the same with a focus on increasing the quality and appeal of the food to patrons," she wrote.
In a news release, Troy Lowrie, chief executive officer of VCG, said, "Schiek's Palace Royale is one of the top 10 adult facilities in the country and is an incredible opportunity for VCG. In addition to a great location, it has an 11-year history of superb earnings."
VCG operates five adult nightclubs in Indianapolis, Memphis, St. Louis, Denver and Honolulu.
Management at Schiek's did not return phone calls for comment.
Rare-book dealer leaves Downtown
Bibliopolis, a North Loop bookstore featuring used and rare titles, has moved to Northeast.
Its former home in a security warehouse has undergone a condo conversion. The building at 111 4th Ave. N. is now Rock Island Lofts, a 63-unit condo development by Coon Rapids-based Shamrock Companies.
Tenants are expected to start moving into their condos this spring, said Fran Davis, a real estate broker for Coldwell Banker Burnet.
Bibliopolis had an eight-year stint in the neighborhood, said Robert Reiner, the bookstore's owner.
His new location is near the Square Peg Diner in a warehouse at 451 Taft St. NE. He plans on changing the store's name to Bumper Crop Bookshop -- a name he says is easier to pronounce. Plus, he said some mistakenly thought his store was called Bibleopolis and devoted to religious-themed books.
Reiner said working as an independent book merchant has been a challenge over the years, but he's determined to stay in business.
The work has been rewarding too, he said.
"I seem to be naturally wired as a lifelong learner, and it hasn't been too awfully difficult to find books on topics or written from viewpoints that I'm unfamiliar with," he said. "I'm eager to keep on discovering, and I find also that by offering whatever's new to me to the public via bookselling keeps it all very real and very fulfilling."
He said business has slowed down in recent months -- a trend several Downtown merchants have observed.
Reiner sells used and rare books in several categories, including medicine, law, philosophy, math, science, art, history and literature, among other topics. Besides books, Reiner sells art, prints, stamps and records.
The bookstore hours are 11 a.m.-6 p.m.