REAL ESTATE

Rialto Jean Project opens New York pop-up shop

BY Dan Berthiaume

Venice, Calif. – Vertical denim retailer Rialto Jean Project (RJP) opens a month-long pop-up shop on Sept. 5 in New York’s South Street Seaport, in conjunction with the New York Fashion Week Spring/Summer presentations kicking off around Manhattan.

The RJP Pop-up Shop will be open to the public daily through Sept. 30, selling hand-painted vintage denim jeans, shorts, shirts, skirts and jackets, from the current and future RJP collections. Customers will also be able to purchase one-of-a-kind bespoke pieces, custom hand-painted by the designer, by appointment only. The shop itself, nestled in an early 19th century federal building, offers pieces of art and fashion from RJP juxtaposed against the solid brick and industrial facades.

In addition to selling the RJP collections from 10 a.m.-8 p.m. daily, the Rialto Jean Project will curate events and promotions throughout the month. The Howard Hughes Corporation has provided the retail space to RJP.

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REAL ESTATE

Starbucks to open two new store formats

BY Dan Berthiaume

Seattle – Starbucks Coffee Company will launch two new store formats in fiscal 2015, include a smaller-format concept aimed at urban commuters and a more premium store concept — Starbucks Reserve Roastery and Tasting Room — dedicated to the chain’s highbrow Reserve brand of coffees.

In addition to providing more limited offerings, the express formats will integrate Starbucks digital payment platform, including mobile ordering to expedite a quicker checkout. The company will also look to identify opportunities for digital at-home coffee purchases and subscriptions for take-home or home delivery.

“The evolution of our store experience is a direct reflection of how our customers are interested in both accessibility to the brand as well as speed and convenience,” said Cliff Burrows, group president, U.S., Americas, and Teavana, Starbucks. “Our scale affords us the unique opportunity to bring a flexible portfolio of options rooted in our core commitment to coffee quality.”

In December, Starbucks will open its first-ever Starbucks Reserve Roastery and Tasting Room, in its home town of Seattle. The 15,000-sq.-ft. store is designed to be an integrated coffee roasting, education and retail space that will allow the company to expand its small-lot coffee sourcing program.

The new Seattle store will allow Starbucks to double its small-batch roasting capacity and grow its Starbucks Reserve coffee offering from 800 to 1,500 stores worldwide, by the end of fiscal 2015. In addition to expanding the in-store offering, the company will create a specialized store experience devoted to highlighting its premium, limited-availability coffees in at least 100 locations, including both new and renovated spaces, in the next five years.

“Everything we have created and learned about coffee has led us to this moment. The Starbucks Reserve Roastery and Tasting room is a multi-sensory experience that will transform the future of specialty coffee,” said Howard Schultz, chairman, president and chief executive officer of Starbucks. “We plan to take this super premium experience to cities around the world, elevating the Starbucks experience not only through these stores but across our entire business.”

Starbucks is on track to bring approximately 1,550 net new stores in fiscal 2014 and 1,600 net new stores in fiscal 2015, with nearly 300 net new company-operated locations in the U.S.

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Twin Peaks to open in Palm Beach

BY Katherine Boccaccio

Palm Beach, Fla. — On behalf of DMD Restaurant Group, JLL announced the firm has closed the sale of the former Carraba’s Restaurant, located at 2224 Palm Beach Lakes, West Palm Beach, Florida. DMD Restaurant Group plans to demolish the 1.7 acre site and construct a new free-standing, 8,500-sq.-ft. Twin Peaks restaurant with a 2,000-square-foot patio.

“The I-95 and Palm Beach Lakes corridor has experienced significant retail growth, and we expect plenty of demand for our unique food and beverage concept,” said Fred Burgess, principal of DMD Restaurant Group.

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