Pioneering 12South eatery on the block
Posted on November 19, 2009 at 2:05 pmOur housemate Dana Franklin has the scoop on the state of Mirror, which is for sale now that two of its three owners plan to relocate to Florida.
Bolsom says that until the recent recession, Mirror was a consistently profitable business. The restaurant witnessed dramatic changes in the neighborhood as 12South turned into a thriving retail and residential neighborhood. “It’s been a heck of a 10 years,” he says.
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Children’s clothing retailer expands to Chattanooga
Posted on November 18, 2009 at 10:30 am
Leah Bentley’s Snap Kids concept will next month open a small store in Chattanooga’s Warehouse Row development. The store will be Snap Kids’ third location and will make Bentley a neighbor of fellow Nashville entrepreneur Linda Roberts, just like she is in Green Hills.
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Dollar General’s map of the future
Posted on November 13, 2009 at 10:29 amNewly public Dollar General (Ticker: DG) plans to open 600 stores per year for the foreseeable future, but CEO Rick Dreiling says new markets — including all of the West Coast — will only account for a tenth of that. There’s plenty of fruit still on the trees in states where the company already operates.
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Mexican chain headed for the ‘Boro
Posted on November 4, 2009 at 12:13 pmChuy’s, the Mexican restaurant concept run by former O’Charley’s president Steve Hislop, will open its second Nashville-area spot on Murfreesboro’s Northwest Broad Street next spring.
SEE ALSO: Former O’Charley’s exec on the move with new concept
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CBL’s progress and stability
Posted on at 7:57 amThe boss of Chattanooga-based mall operator CBL — which runs three of the Nashville area’s largest shopping hubs — says he’s encouraged by “improving trends.” Occupancy rates rose by at least one percentage point in every one of the company’s categories, but shoppers appear to be giving smaller operators an especially hard time: Same-store sales for tenants occupying less than 10,000 square feet fell more than 6 percent from a year ago.
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Deutsche unit picks Crosland for local management contract
Posted on October 22, 2009 at 3:12 pmRREEF, a real estate investment subsidiary of Deutsche Bank, has offloaded the management of more than 11 million square feet of property from New England to Texas to five firms, one of which is Crosland. A spokeswoman says the firm will take over the day-to-day running of Providence Marketplace, the $75 million shopping center it developed with Carolina Holdings before selling a majority stake to RREEF in 2007. Crosland, which also built the Terrazzo tower in The Gulch, will manage three sites in the Carolinas as well.
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No Lowe’s for Spring Hill
Posted on October 20, 2009 at 10:10 am
The home improvement retailer has hired Atlantic Retail Properties to sell an acre where it had planned to build its second Spring Hill store. The company runs about 15 outlets in the Nashville area.
Illinois restaurateurs eyeing local outpost
Posted on October 13, 2009 at 8:17 am
The team at Restaurants America plan to bring their Bar Louie concept to Nashville. The company is franchising across the Midwest but this summer had to close its Phoenix-area location.
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Retail property market begins to groan
Posted on October 9, 2009 at 1:46 pm
Vacancy rates at strip centers reached a 17-year high last quarter, according to a new study. Rents haven’t dropped too much yet, but observers say it’s only a matter of time.
“Since asking and effective rent growth only turned negative about one year ago, it is daunting to observe this acceleration in decline in what has traditionally been regarded as a stable property type,” Calanog said.
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Car care center eyes Franklin
Posted on October 2, 2009 at 8:18 amThe Memphis company behind the Cecil’s Automotive group of auto maintenance stores wants to buy into Franklin next year. One site we’re guessing they’ve already looked at: The former Driver’s Way building on Mallory Lane.
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CBL extends debt deal
Posted on September 29, 2009 at 8:29 amMall owner CBL & Associates has negotiated with its bank to extend the maturity of more than $500 million in debt by two years. CFO John Foy said the deal is “a demonstration of the strength of our lending relationships and the confidence they have in our business.”
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Blockbuster in survival mode, will close stores
Posted on September 16, 2009 at 7:28 amEntertainment retailer Blockbuster says it will close at least a sixth of its U.S. stores — a minimum of 810 — by the end of next year as it looks to get back to profitability. Based on a Nashville-area network of more than a dozen locations, expect at least two to here get the ax.
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Survey says Nashville retail will bounce back early
Posted on September 15, 2009 at 3:11 pmA poll of real estate investors conducted by PricewaterhouseCoopers says the commercial real estate market as a whole will be in recession until at least 2011. But among retail markets, Nashville is perceived to be one of just a handful of markets that will regain their strength more quickly.
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Cosmetic Market heads down 24
Posted on September 14, 2009 at 6:43 am
Linda Roberts’ five-year-old Cosmetic Market venture is preparing to open its fourth location — and first outside the Nashville area — in a renovated Chattanooga warehouse.
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Gigi’s expanding to the ‘Boro
Posted on August 31, 2009 at 7:08 am
For those of you keeping up with cupcake mania: A pair of sisters are working toward a fall opening of a Gigi’s Cupcake outpost across the street from the Avenue shopping center of I-24 in Murfreesboro.
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