Thursday, October 18, 2018

[UPDATE] Mattress Firm Closes Three More Stores in Georgia, Including Comical One on Moreland Avenue

On the heels of Mattress Firm's Chapter 11 bankruptcy filing earlier this month and closure last week of 209 stores, the company now plans to close an additional 196 stores including three more in Georgia.  At its height a few years ago, the Houston-based retailer had about 3,500 stores across the country.  Ahead of their bankruptcy filing, industry estimates indicated they operated just shy of 3,300 stores. 

Wednesday, October 17, 2018

[EXCLUSIVE] Chopt Planning November Debut in Buckhead, Scores Third Atlanta Location

Chopt Creative Salad Co. plans to open in Buckhead's Tuxedo Festival shopping center Monday, November 15, according to sources familiar with the restaurant's plans. (The restaurant's opening is subject to change but current plans are for the 15th.)  The new healthy eatery will open in a corner unit in the center located at the corner of Roswell and Piedmont Roads near Chastain Park.  The Buckhead outpost replaces a former Regions Bank and joins fellow food offerings Zo√ęs Kitchen, Marcello's, Duck Donuts and Menchies in the busy center. 
A City of Atlanta inspector vehicle on site at Chopt last week 

Bits & Bites

Beachwood, Ohio-based DDR Corp., a major owner and manager of open-air shopping centers, last week changed its name to SITE Centers Corp.  In a related move, the company, which trades on the New York Stock Exchange, (NYSE) changed its ticker symbol to SITC from DDR.  "Our new brand reflects our mission to drive sustainable growth by owning and investing in high quality communities and locations," said David R. Lukes, President and Chief Executive Officer of SITE Centers.  "We are focused on maximizing the value of our centers by utilizing our company’s creativity, vision and operating capabilities to generate compelling returns."  The new color scheme is quite a bit "louder" than before with a magenta-centric color scheme.  The company owns a number of centers around metro Atlanta including Brookhaven Plaza in Brookhaven, Cofer Crossing in Tucker and the multi-phase Camp Creek Marketplace in East Point.  The SITE website indicates that the company owns nearly 30 properties in Georgia, making it one of their largest markets by center count.

Tuesday, October 16, 2018

[SCOOP] Jeni's Splendid Ice Creams Bound for Buckhead In 2019

Well placed sources tell ToNeTo Atlanta that Atlanta will get a fifth location of Jeni's Splendid Ice Creams, this time in Buckhead.  The new "scoop shop" is slated to occupy a portion of the recently shuttered The North Face store in Buckhead Market Place along West Paces Ferry Road. (The North Face consolidated their Atlanta operations into a single store at Lenox Square.)  
Photo from Morgan Farmer via IG

Monday, October 15, 2018

[UPDATE] The Mercury and The Pinewood Have Gone Off The Deep End

The Mercury in Ponce City Market and The Pinewood, a downtown Decatur favorite – have filed for Chapter 11 bankruptcy.  The Mercury in Ponce City Market is a "cocktail focused, classic American eatery" that began serving customers in early 2016 at the popular mixed-use project. The Mid-Century themed restaurant featured plenty of 60s decor and charm and was no doubt an expensive endeavor to launch.  The Pinewood opened on West Ponce de Leon Avenue in downtown Decatur in 2012.  The restaurant replaced popular neighborhood spot Cakes & Ale which expanded and relocated to the Decatur Square. (It closed in its new space earlier this year.)  
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