REAL ESTATE

Evergreen to break ground on Colorado’s first Quaker Steak & Lube

BY CSA STAFF

Westminster, Colo. Evergreen Development Co. announced it will break ground this month on a 9,084-sq.-ft. freestanding Quaker Steak & Lube restaurant at Westminster Gateway.

The motorsports-themed chain, based in Sharon, Pa., owns or franchises 37 locations in 13 states. The company said it plans to open additional restaurants in the Denver area.

Westminster Gateway is scheduled to be anchored by a Drury Hotel, currently projected to open in 2013. The center currently features a 7-Eleven and is adjacent to a Marriott Springhill Suites and a planned Hyatt Place hotel.

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REAL ESTATE

Chipotle makes London debut

BY CSA STAFF

Denver Chipotle Mexican Grill said Monday it has opened its first restaurant in London. The site also is its first European location.

The company, which operates roughly 1,000 quick-casual Mexican restaurants in the United States, said it is exploring other potential sites in London and in other European markets such as Paris and Germany.

Chipotle said it sees strong potential for its business in Europe.

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REAL ESTATE

Nordstrom set to open NYC Rack store

BY CSA STAFF

Seattle Nordstrom is set to open a discount Rack store in Manhattan Tuesday, the company’s first-ever outlet in Manhattan.

The company said last summer it planned to open the Manhattan location in Union Square at the site of a former Virgin Megastore.

Nordstrom has been using discount Rack stores to help it drive sales in the tough economy.

Nordstrom Rack same-store sales grew 2.5% in 2009, while Nordstrom full-line stores saw sales decline 7.2%.

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