REAL ESTATE

Juice press to open five NYC locations by summer

BY Michael Fickes

New York — Juice press has announced plans to open five new locations in New York City in the spring and summer of this year. The locations include Chinatown, Tribeca, Midtown, Bridgehampton and the World Financial Center.

The new locations will bring the juice press total to 19.

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REAL ESTATE

Dunkin’ Donuts plans 22 new stores in Baltimore/Washington, D.C., market

BY Dan Berthiaume

Canton, Mass. – Dunkin’ Donuts has entered multi-unit store development agreement with five existing franchise groups to develop 22 new restaurants throughout the Greater Baltimore/Washington, D.C., area over the next several years. The five franchise groups and their development plans include:

• Existing franchisee Arun Mandi plans to develop eight restaurants throughout Washington, D.C., and Virginia. Mandi currently operates 28 locations in Delaware, New Jersey, and Pennsylvania. His next restaurant is planned to open in 2015.

• Existing franchise group Goldwater LLC plans to develop two restaurants throughout Washington, D.C. This group currently owns and operates three restaurants throughout the Greater Washington, D.C., area. Their next restaurant is planned for 2015 with an additional location opening the following year.

• Existing franchise group Andy Cabral with Vigario Management plans to develop two restaurants in Manassas, Va. This group currently owns and operates six Dunkin’ Donuts restaurants throughout Virginia. Their next restaurant is planned to open in 2014.

• Existing franchisees George and Nick Nistazo plan to develop nine restaurants throughout the Greater Washington, D.C., area. The duo currently owns and operates restaurants throughout Maryland and Delaware. Their next restaurant is planned for 2016.

• Existing franchisees Guarang and Nilkanth Patel plan to develop one Dunkin’ Donuts/Baskin-Robbins combination location in Baltimore, Maryland. This duo currently owns and operates 15 restaurants throughout Baltimore, and Washington, D.C. This restaurant is planned to open in spring 2014.

The Greater Baltimore/Washington, D.C., area is currently home to 283 restaurants and Dunkin’ Donuts is pursuing opportunities to further develop the market with both existing and new franchisees. To drive its expansion efforts, Dunkin’ Donuts has aligned its strategy to support the growth opportunities and consumer needs of individual markets.

Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and/or lighting. Dunkin’ Donuts allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects their personal tastes and preferences, and best serves their specific restaurant size and location.

"Our secret to success is our passionate franchisees who provide a high-level of customer service to our guests every day," said Grant Benson, CFE, VP of global franchising and business development, Dunkin’ Brands. "We believe that these existing franchise partners with years of experience in our brand will help become an important part of the local communities they serve."

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J.C. Penney enters partnership to develop land around headquarters

BY Dan Berthiaume

Plano, Texas – J.C. Penney Company has entered into a new partnership to develop the vacant land around its Plano, Texas, home office in the Legacy Business Park. The new partnership will be managed by Team Legacy, a venture of the Karahan Companies, Columbus Realty, and KDC.

The new project, Legacy West, consists of 240 acres at the southwest corner of the Dallas North Tollway and State Highway 121, and is considered a prime office and mixed-use development site in the heart of Legacy Business Park. Legacy West will be a natural extension of Legacy Town Center, a mixed-use development presently located only on the east side of Dallas North Tollway. Penney purchased the land in 1987, shortly before moving from New York City to Texas, and completed its Plano home office in 1992.

"We have seen a great deal of business and residential growth around the home office over the last 25 years, and now is the time to capitalize on this attractive asset," said Katheryn Burchett, senior VP of real estate and property development at J.C. Penney. "Karahan, Columbus, and KDC are trusted partners with a respected reputation, and we believe they will develop the land adjacent to our home office thoughtfully. This new project will be a positive venture for our company, our associates and all of North Texas."

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