REAL ESTATE

Signet Jewelers to open 65 to 75 U.S. stores

BY Marianne Wilson

Hamilton, Bermuda — Signet Jewelers Ltd. reported better-than-expected fourth-quarter results, helped by sales gains at its biggest division, Kay Jewelers. The company, which raised its quarterly dividend by 25%, said it anticipates opening 65 to 75 new U.S. stores for the year. 


Signet, which also operates the Jared chain in the United States and the Ernest Jones stores in Britain, said revenue increased 11.8% to $1.51 billion for the quarter ended Feb. 2.

Same-store sales were up 3.5% in the fourth quarter. Same-store sales at Kay increased 5.8%.

“Our record performance continues to reflect the benefits of our competitive strengths and success of our growth initiatives,” Said Mike Barnes, CEO. “The acquisition of Ultra, our share repurchase program and the increase in our quarterly dividend demonstrate our ability to capitalize on our excellent balance sheet to provide for our long-term growth and increase value for our shareholders.”

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S.Gacho says:
Mar-30-2013 01:25 am

Sometimes it really pays an effort when you want your business to be stable. There are lot of things that might help you make it the way you wanted it to be. - Rich Von

S.Gacho says:
Mar-30-2013 01:25 am

Sometimes it really pays an effort when you want your business to be stable. There are lot of things that might help you make it the way you wanted it to be. - Rich Von

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REAL ESTATE

GBT Realty launches construction on Village on Pooler Parkway

BY Katherine Boccaccio

Nashville, Tenn. — GBT Realty Corp. said Wednesday it has closed on the purchase of approximately 20 acres along Pooler Parkway in Pooler, Ga., for the development of the Village on Pooler Parkway. The development will consist of more than 143,000 sq. ft. when completed in the first quarter of 2014.

The project will be anchored by T.J.Maxx, Ross Dress for Less, Michael’s and PetSmart, all of which have executed leases to be a part of the center. In addition, leases have been signed with Rack Room Shoes, Moe’s Southwest, Jersey Mikes and Palm Beach Tan.

The development also has building pads for freestanding buildings and outparcels. Panera Bread has a lease to locate in a freestanding building with a drive thru. This will be one of the first locations in the market for Panera’s new freestanding prototypes.

In addition, Jalapeños and Aspen Dental have also executed leases to be on building pads within the center.

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S.Gacho says:
Mar-28-2013 01:56 am

A project can be very successful in the end because of the a good team. All it takes is a lot of effort and attention to the business. - Carmack Moving and Storage

S.Gacho says:
Mar-28-2013 01:56 am

A project can be very successful in the end because of the a good team. All it takes is a lot of effort and attention to the business. - Carmack Moving and Storage

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REAL ESTATE

Englewood Construction launches four restaurant projects

BY Staff Writer

Chicago — Lemont, Ill.-based Englewood Construction said Wednesday that its restaurant group has begun work on four new projects, including a food court in New Jersey’s largest outlet mall, a steakhouse in a downtown Chicago luxury hotel and two suburban Chicago mall restaurants.

“As we head out of the recession, we’re seeing more importance placed on dining and entertainment, and the focus is on redevelopment,” said William Di Santo, president, Englewood Construction.

HMS Host has hired Englewood Construction to renovate its 1,000-seat, 11,000-sq.-ft. food court within The Outlet Collection Jersey Gardens, a two-level enclosed outlet mall in Elizabeth, N.J. Environetics Group Architects is the architect.

In Chicago, Denihan Hospitality Group hired Englewood Construction for a 4,000-sq.-ft. renovation and extension of David Burke’s Primehouse at The James Hotel. The expansion will include a new lobby, bar, restaurant area, private dining room and wine cellar. New York-based Design Bureaux is the architect on the project.

In Skokie, Englewood is doing an interior build-out of Roka Akor, a steak, seafood and sushi restaurant in the Old Orchard Shopping Center. The project also includes installing an outdoor patio. Aria Group Architects is the architect.

In Orland Park, Englewood is also building out Sarku Japan in the Orland Square Mall. Architectural Consulting Services is the architect of record.

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S.Gacho says:
Mar-28-2013 01:58 am

A construction business is one of the most expensive business to enter to. However, if the business clicks it will really help you earn a big amount of money. - Carmack Moving and Storage

S.Gacho says:
Mar-28-2013 01:58 am

A construction business is one of the most expensive business to enter to. However, if the business clicks it will really help you earn a big amount of money. - Carmack Moving and Storage

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