Commercial Construction & Renovation

MAY-JUN 2016

Commercial Construction & Renovation helps our subscribers design, build and maintain better commercial facilities by delivering content to meet the information needs of today's high-level executives.

Issue link: https://ccr-mag.epubxp.com/i/692286

Contents of this Issue

Navigation

Page 16 of 156

12 COMMERCIAL CONSTRUCTION & RENOVATION — MAY : JUNE 2016 INDUSTRY NEWS INDUSTRY NEWS AroundtheIndustry Retail Hospitality Target Target plans to improve market penetration by adding small- er-footprint stores to neighborhood shopping centers where big-box stores are not possible. The TargetExpress locations, one of its urban formats, offer about 20,000 square feet of space, compared to the 116,000-square-foot flagship stores. The retail- er plans to open 19 locations with less than 50,000 square feet over the next two years. Dollar General Dollar General will add 900 more stores this year and an additional 1,000 by the end of next year. Dick's Sporting Goods Dick's Sporting Goods plans to open 36 new stores by the end of this year. Crate and Barrel Crate and Barrel will open its frst Nevada store at the Downtown Summerlin center near Las Vegas, a location that was expected to open in 2007, but was delayed because of the recession. Publix Publix is scouting sites for stores in Virginia, including Northern Virginia. The announcement raises hope that the grocer will open in the Washington, D.C., area. Kroger Kroger has acquired a "signifcant" stake in Boulder, Colo.-based Lucky's Market, a natural food grocery chain with 17 stores in 13 states. The deal will give Lucky's the cash it needs to accelerate its expansion plans and position Kroger for an entry into Florida. Chick-fl-A Chick-fl-A, which will open 100 new outlets nationally this year, is planning to open more than a dozen in the New York City area. Chipotle Mexican Grill Chipotle Mexican Grill has applied to trademark the phrase "Better Burger" with an eye on launching a burger concept. In addition to its namesake burrito chain, Chipotle has launched Asian-inspired ShopHouse and Pizzeria Locale. Taco Bell Taco Bell plans to open 2,000 new locations over the next six years, about 10 percent of them in urban locations Panera Bread/Paradise Bakery Panera Bread will close some small Paradise Bakery & Cafe locations and accelerate the conversion of others to Panera eateries over the next few years. Smoke's Poutinerie Canada-based Smoke's Poutinerie is expanding in the Midwest, with at least one location expected to open in the region this year. The expansion may include Michigan, Ohio and Indiana. The company wants to have a total of 1,300 units by 2020. Veggie Grill West Coast plant-based restaurant chain Veggie Grill plans to expand eastward to new markets, including Chicago, Denver and Washington, D.C. Restaurants W Hotels Worldwide W Hotels Worldwide expects to increase its 46-hotel portfolio to 70 in the next four years, with four coming in 2016. North America will be the focus for both new builds and renovations. Starwood Hotels & Resorts Worldwide's Element Starwood Hotels & Resorts Worldwide plans to continue expanding its eco-oriented extended-stay Element brand beyond the pending merger with Marriott International. The 22 hotels under the eight- year-old brand are projected to increase to 46 by 2018. Rivett/My Place My Place vows to carry on a family tradition by expanding its 22 properties to 1,000 in 10 years. Sleep Inn Choice Hotels International brand Sleep Inn is getting its frst cosmetic overhaul in fve years, with common areas now designed to attract Millennial travelers who like using communal hotel space. The biggest change is revamped exteriors that are more appealing to walk-in guests. Rosewood Hotels and Resorts Rosewood Hotels and Resorts is continuing to work toward its goal of having 40 hotels up and running by 2020. By 2019, 16 hotels already are slated to open. Aparium Hotel Group Aparium Hotel Group is converting buildings in Wisconsin, Minneso- ta, Michigan and Kentucky. The group is on its way to operating 20 hotels in smaller markets.

Articles in this issue

Archives of this issue

view archives of Commercial Construction & Renovation - MAY-JUN 2016