Commercial Construction & Renovation

MAR-APR 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.

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12 COMMERCIAL CONSTRUCTION & RENOVATION — MARCH : APRIL 2016 INDUSTRY NEWS INDUSTRY NEWS AroundtheIndustry Retail Hospitality IKEA IKEA will expand by 12 stores in Canada over the next 10 years, starting with the construction of a new 328,000-square-foot location in Halifax, Nova Scotia, this summer. The store is a full-line location that will include a playroom and a restaurant. Nordstrom Nordstrom has signed a lease for a three-foor stand-alone men's store at 3 Columbus Circle in New York City, near the site at 57th Street where the luxury retailer is building its frst Manhattan fagship. The seven-foor, 400,000-square-foot fagship is set to open in 2018. Circuit City The partners that acquired the Circuit City brand last fall are getting ready to relaunch the consumer electronics retailer in multiple channels, including up to 100 company-owned stores and 100 to 200 franchise locations. The new Circuit City, designed to attract Mil- lennials, will offer a range of gadgets and gaming products arranged in product zones. Meijer Meijer will spend $400 million to build nine new stores in fve states and remodel 32 existing locations in markets, including Detroit and Indianapolis. Fabletics Workout wear retailer Fabletics plans to open up to 100 stores over the next three to fve years. While the retailer still does the majority of its sales online, it hopes to create store experiences that mimic its online experience. YogaSmoga Workout wear brand YogaSmoga plans to open 25 to 30 new stores this year, including a 3,400-square-foot New York City fagship slated to debut in May. Wynn Plaza Wynn Las Vegas plans to develop a luxury retail center called Wynn Plaza, with 75,518 square feet of retail space, infuenced by Avenue Matignon in Paris. The project will include a two-story building with atria and a skylight rotunda. Tim Hortons Tim Hortons, which operates about 650 U.S. locations, plans to open locations in cities such as Indianapolis, Cincinnati and Columbus, Ohio. Cracker Barrel/Holler & Dash Cracker Barrel will roll out a new fast-casual concept called Holler & Dash this spring, with the frst unit set to open in Homewood, Ala. The new concept will maintain the company's signature Southern cuisine style, while taking it to new urban audiences. Popeyes Louisiana Kitchen Popeyes Louisiana Kitchen latest strategic plan calls for the chain to grow to 4,000 U.S. restaurants over the next seven to 10 years. Panda Express Restaurant Group In a push to grow and diversify, Panda Express parent Panda Restau- rant Group recently has invested in small chains Pieology Pizzeria and Just Salad. Mrs. Green's Natural and organic food market Mrs. Green's plans to open six stores in the Chicago market. bd's Mongolian Grill Stir-fry chain bd's Mongolian Grill has acquired eight-unit, Illi- nois-based fast-casual concept Flat Top Grill, which will continue to operate as a separate concept. Restaurants Starwood Hotels & Resorts Worldwide Starwood Hotels & Resorts Worldwide became the frst U.S. hotel company to sign a deal with Cuba since the 1959 revolution. Star- wood will manage and market two properties in Havana and signed a letter of intent to operate a third. Pacifc Hospitality Pacifc Hospitality Group will seek more properties that ft into its Meritage Collection, following the acquisition of Koa Kea Hotel & Resort in Hawaii, the company's frst buy outside of California. Davidson Hotels & Resorts Davidson Hotels & Resorts' new Pivot lifestyle division was launched with properties in San Francisco; Coral Gables, Fla., and Eugene, Ore. Langham Hotels and Resorts Hong Kong-based Langham Hotels and Resorts plans to open three new hotels in the Dallas-Fort Worth area, San Francisco and Santa Fe, N.M., raising its continental U.S. presence to seven. The Langham, Bishop's Lodge Santa Fe, will be the frm's frst resort in that state. Kimpton InterContinental Hotels' Kimpton brand will debut an Amsterdam prop- erty in 2017, the brand's frst foray into the European market. Kimpton plans to convert the current Crowne Plaza Amsterdam City Center. Hoxton Hoxton is planning to rehabilitate a $30 million Los Angeles building to create a boutique hotel. The property would be the second for Hoxton in the United States.

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