Sugar Land, Texas — A development team by Houston-based Lionstone Investments will renovate Sugar Land Town Square, a 1.4 million-square-foot mixed-use destination located on the southwestern outskirts of Houston. Lionstone is partnering with Dallas-based creative real estate firm Rebees and Planned Community Developers on the project, which will upgrade landscaping and outdoor common areas to allow for social distancing and more public seating as part of Phase I. In addition, the team will add new signage and tenant storefronts and revamp the tenant roster to include local entrepreneurs with original …
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Scottsdale, Ariz. — As consumers across the country seek dining options to fit their changing habits, P.F. Chang’s is expanding its P.F. Chang’s To Go concept, which is now launching in New York. Now open as of October 19 at 240 W. 40th in New York City, the location marks the first of three P.F. Chang’s To Go openings in New York over the coming weeks. It follows three other openings in Chicago, which launched earlier in 2020. These new restaurant additions will allow more guests to experience P.F. Chang’s …
Deerfield Beach, Fla. – Deerfield Beach, Fla.-based Konover South LLC is set to begin the vertical construction of Miramar Park Place, a 56,600-square-foot upscale retail center in Miramar, Fla., on October 19, 2020. Tenants, which include Flannigan’s, World of Beer, Jersey Mike’s, Starbucks and more, are expected to open in summer 2021. Konover South LLC, in partnership with Master Development Partners of Dania Beach, Fla., purchased the property in October 2019. R.A. Rodgers Construction Company, based in Altamonte Springs, Fla., will be the general contractor, and a $20 million construction …
Glendale, Calif. — IHOP® has expanded its franchisee portfolio with the addition of Suncakes, LLC, led by Guillermo Perales, through the acquisition of 41 IHOP restaurants. The restaurants, located in Tennessee, North Carolina, Virginia and South Carolina, were previously owned and operated by CFRA Holdings and its affiliates and transferred to Suncakes, LLC in July 2020. Financial details of the deal will not be disclosed. The 41 locations represent the first IHOP restaurants managed by Sun Holdings, Inc. Sun has one of the largest restaurant franchisee portfolios in the U.S. …
Jersey City, N.J. and Redlands, Calif. — Imperial Dade, a leading distributor of foodservice packaging and janitorial supplies, has acquired P&R Paper Supply (P&R). The acquisition strengthens Imperial Dade’s West Coast presence while enhancing the company’s differentiated value proposition to customers in the region. The transaction represents the 28th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and president of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed. Headquartered in Redlands, Calif., with locations throughout the West, P&R Paper Supply is …
Atlanta — With its retail concept a proven success in several major U.S. markets, Painted Tree Marketplace plans to accelerate expansion plans on a national basis in major suburban markets, with a focus on the Southeast, Midwest and Southwest. Painted Tree currently operates eight U.S. locations in Arkansas, Georgia, Tennessee and Texas, with additional locations scheduled to open soon. Painted Tree is aiming for 10 to 12 new store openings per year. Store sizes will range from 30,000 to 50,000 square feet, with a typical footprint of 35,000 square feet. …
Charlotte, N.C. — Famous Toastery has been one of the fastest growing better-breakfast chains in the U.S. As an early pioneer of the breakfast-and-lunch-only sector, Famous Toastery has made a name for itself by offering all-day breakfast long before the quick-service giants had discovered the sales potential. After starting a franchise program in 2013, the North Carolina-based concept jumped from three to more than 25 stores in just 5 years. “Now, we are accelerating our franchise development efforts again, with the goal of doubling in size over the next 2 …
Georgetown, Texas — Sport Clips Haircuts has reopened 98% of its more than 1,800 locations in the U.S. and Canada. At the onset of the pandemic, Sport Clips sent out a letter to landlords saying it would waive franchise agreement fees for franchisees in an attempt to make paying rent more feasible. By paying more than $300,000 in rent for 69 company-owned locations in Texas, Arkansas, Nevada and Oklahoma, Sport Clips was able to prioritize tools and resources for franchisees. “Few times does a company get the opportunity to truly illustrate that values are not …
Maryville, Tenn. — Ruby Tuesday Inc. has filed for Chapter 11 bankruptcy protection with plans to permanently close 185 restaurants that were shuttered during the COVID-19 pandemic. The company’s 236 open locations will remain operational throughout the reorganization process. The Maryville, Tenn.-based chain is the latest restaurant group to fall victim to the economic pressures caused by the coronavirus pandemic. California Pizza Kitchen filed for Chapter 11 protection in July citing similar struggles. “This announcement does not mean ‘Goodbye, Ruby Tuesday’ — this is ‘Hello, to a stronger Ruby Tuesday’,” …
Goodlettsville, Tenn. — Dollar General has unveiled its newest retail store concept: popshelf. This new store aims to engage customers with a fun, affordable and stress-free shopping experience where they can find on-trend seasonal and home décor, health and beauty must-haves, home cleaning supplies, party goods, entertaining needs and much more — with approximately 95% of items priced at $5 or less. The first two popshelf locations will open near Nashville, Tenn., this fall. “We are excited to introduce popshelf from a position of strength, further highlighting our innovative spirit …