A growing indoor cycling chain has just announced plans to open 3 new locations outside of New York. 14 month old Flywheel Sports is opening a new location in Chicago in June and locations in Miami and Atlanta in the 4th quarter of this year. Studios, which allow members to ride on high tech stationery bikes, can range in size from 1,000 to 4,000 square feet. The company currently operates 6 locations in Manhattan, Long Island and Boca Raton (opened earlier this month). The company is planning to add an additional 5 to 7 locations over the next three to five years throughout the U.S. and internationally.
Wednesday, April 13, 2011
Indoor Cycling Chain Flying Out of NY
A growing indoor cycling chain has just announced plans to open 3 new locations outside of New York. 14 month old Flywheel Sports is opening a new location in Chicago in June and locations in Miami and Atlanta in the 4th quarter of this year. Studios, which allow members to ride on high tech stationery bikes, can range in size from 1,000 to 4,000 square feet. The company currently operates 6 locations in Manhattan, Long Island and Boca Raton (opened earlier this month). The company is planning to add an additional 5 to 7 locations over the next three to five years throughout the U.S. and internationally.
New Math Museum Coming to Manhattan
The Museum of Mathematics, a new nonprofit institution started by former hedge fund executive Glen Whitney, just signed a lease for 19,000 square feet near Madison Square Park. The museum, which is scheduled to open in the fall of 2012, will be located at 11 E. 26th Street in the ground floor and lower level. The organization currently operates out of offices at 134 West 29th St.
The museum, also known as MOMATH, recently received a $2 million grant from Google to help other science museums build exhibits from MOMATH's designs.
So far, MOMATH has raised $22 million of its $30 million capital campaign. Mr. Whitney expects the annual operating budget to be a little more than $3 million once the museum is fully operational.
The museum, also known as MOMATH, recently received a $2 million grant from Google to help other science museums build exhibits from MOMATH's designs.
So far, MOMATH has raised $22 million of its $30 million capital campaign. Mr. Whitney expects the annual operating budget to be a little more than $3 million once the museum is fully operational.
Tuesday, April 12, 2011
A New Hilton Slated for Long Island
A new Hilton Home2Suites hotel is coming to Farmingdale, NY near the Long Island Railroad Train Station. Work is expected to start in April on the 85 room hotel, which is part of a $57 million redevelopment plan.
The redevelopment will also include a 3 ½ story mixed-use building with 102 condominiums above 20,000 square feet of retail space.
Farmingdale-based Bartone Properties partnered with the John
Danzi Hotel Group in Hauppauge on the deal. Construction is expected to be completed by early 2012.
The redevelopment will also include a 3 ½ story mixed-use building with 102 condominiums above 20,000 square feet of retail space.
Farmingdale-based Bartone Properties partnered with the John
Danzi Hotel Group in Hauppauge on the deal. Construction is expected to be completed by early 2012.
Talbots Getting Slimmer
Talbots, a leading specialty retailer of women's clothing, shoes and accessories, plans to reduce its store count from the 587 locations it currently operates to around 400.
Over the next two years, the company plans on closing 90-100 stores and consolidating/downsizing an additional 15 to 20.
In addition to its store closing strategy, Talbots plans on reinvesting in profitable stores and concepts:
Company plans on renovating 70 stores
Company plans on opening 20 upscale outlets
Company expects these actions to be completed by 2012.
Over the next two years, the company plans on closing 90-100 stores and consolidating/downsizing an additional 15 to 20.
In addition to its store closing strategy, Talbots plans on reinvesting in profitable stores and concepts:
Company plans on renovating 70 stores
Company plans on opening 20 upscale outlets
Company expects these actions to be completed by 2012.
Saturday, April 9, 2011
Major Renovation at Midland Park Mall Underway
Simon Property Group is in the midst of a major renovation at Midland Park Mall in Midland, Texas.
The mall renovations will include new interior and exterior features/amenities such as the addition of children's soft play area; "innovative" flooring and added exterior benches, landscaping, lighting and monument signs at site entrances.
Specific renovation projects include:
- Redesign of the food court area, including new food court furniture
- Relocation of the food court restroom and addition of a family restroom to enhance customer convenience
- Carpeted soft seating areas added throughout the mall for customer comfort
- Redesign of the four existing mall entrances
- Addition of a new children's soft play area in the Sears wing to include soft seating and landscaping
- New directional signage throughout the mall
- New flooring installed throughout the mall
- Cosmetic upgrades to the texture and color palette of the entire property
- Upgrades to sections of the ceiling throughout the mall
- Addition of new exterior signage and landscaping at all vehicular entranceways
- Construction of a new pylon sign with added exterior directional monument/way finding signage.
Construction is scheduled to be completed by December 2011.
The mall renovations will include new interior and exterior features/amenities such as the addition of children's soft play area; "innovative" flooring and added exterior benches, landscaping, lighting and monument signs at site entrances.
Specific renovation projects include:
- Redesign of the food court area, including new food court furniture
- Relocation of the food court restroom and addition of a family restroom to enhance customer convenience
- Carpeted soft seating areas added throughout the mall for customer comfort
- Redesign of the four existing mall entrances
- Addition of a new children's soft play area in the Sears wing to include soft seating and landscaping
- New directional signage throughout the mall
- New flooring installed throughout the mall
- Cosmetic upgrades to the texture and color palette of the entire property
- Upgrades to sections of the ceiling throughout the mall
- Addition of new exterior signage and landscaping at all vehicular entranceways
- Construction of a new pylon sign with added exterior directional monument/way finding signage.
Construction is scheduled to be completed by December 2011.
Newly Acquired Hotel Portfolio Looking at Major Upgrades
The recently acquired 28 hotel portfolio of Highland Hospitality will be undergoing a capital improvement program that translates into major opportunities for new F/F/E purchases.
During the next 10 months, new owner Ashford Hospitality Trust intends to invest approximately $43 million in a capital improvement program to upgrade 17 of the hotels in the portfolio. This program will be funded through existing and on-going reserves at the property level together with the $32 million set aside for owner funded capital improvements.
Here are the 17 hotels slated for improvements:
Ritz-Carlton Atlanta
Hilton Boston Back Bay
Hyatt Regency Windwatch (NY)
Plaza San Antonio Marriot
DFW Airport Marriot (Dallas)
Omaha Marriot
The Churchill (Washington DC)
The Melrose (Washington DC)
Crowne Plaza Ravinia (Atlanta)
Courtyard Boston Tremont
Courtyard Denver Airport
Courtyard Savannah, GA
Silversmith (Chicago)
In conceptual design phase currently.
During the next 10 months, new owner Ashford Hospitality Trust intends to invest approximately $43 million in a capital improvement program to upgrade 17 of the hotels in the portfolio. This program will be funded through existing and on-going reserves at the property level together with the $32 million set aside for owner funded capital improvements.
Here are the 17 hotels slated for improvements:
Ritz-Carlton Atlanta
Hilton Boston Back Bay
Hyatt Regency Windwatch (NY)
Plaza San Antonio Marriot
DFW Airport Marriot (Dallas)
Omaha Marriot
The Churchill (Washington DC)
The Melrose (Washington DC)
Crowne Plaza Ravinia (Atlanta)
Courtyard Boston Tremont
Courtyard Denver Airport
Courtyard Savannah, GA
Silversmith (Chicago)
In conceptual design phase currently.
Thursday, July 22, 2010
Liberty Delivers Once Again for Growing Restaurant Chain
7/21/10
Liberty Delivers Once Again for Growing Restaurant Chain
On July 15th, Liberty Moving and Storage crew members were out in full force on Bleeker Street delivering new equipment for fast growing NYC restaurant chain Le Pain Quotidien (LPQ). The Bleeker Street location marked the 10th new LPQ restaurant that Liberty has handled in the last few years.
Le Pain Quotidien (LPQ), also known as Het Dagelijks Brood in Belgium, is an international chain of Belgian bakeries and restaurants serving soup, salads, tartines, breakfast, homemade pastries and handmade organic bread—made with organic ingredients. The company was founded by Belgian chef Alain Coumont. The name Le Pain Quotidien is French for "Daily Bread".
Liberty’s role in the very large scale effort of opening a new LPQ location is as follows:
- Receive, inspect and inventory shipments from 10-15 different equipment manufacturers
- Prep selected equipment (ie- putting wheels on under counter refrigerators)
- Coordinate delivery schedules with general contractor and LPQ project manager
- White glove inside delivery to job site
- Minor assembly of shelving and other equipment
- Removal of debris from job site
Liberty also handles equipment swap outs for LPQ locations in Los Angeles and Washington DC when old equipment needs to be replaced.
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