Development/Redevelopment

New York - New York City’s first outlet center is expected to transform the Staten Island waterfront when it opens in 2016 adjacent to the 630-ft.-high New York observation wheel on the New York Harbor.

Corte Madera, Calif. – Restoraton Hardware Holdings Inc. (RH) beat Wall Street forecasts with net income of $19.4 million in the third quarter of fiscal 2014, more than double net income of $9.5 million in the same period a year earlier.  

New York - Stonehenge Partners announced that Wells Fargo has officially opened its 1,375-sq.-ft. space at 120 Ninth Avenue. Wells Fargo is the first tenant to take occupancy at the retail property, which offers almost an entire block of frontage on 9th Avenue between 17th and 18th streets.  

SIDNEY, Neb. - Cabela’s Inc. announced today plans to open a 72,000-sq.-ft. store in Farmington, Utah.  Construction is scheduled to begin in 2015, and Cabela’s anticipates a spring 2016.   The store will be located in the newly planned Park Lane Commons development adjacent to Station Park on the west side of Interstate   

The acquisition of Jos. A. Bank in June weighed heavily on Men’s Warehouse in the third quarter, as the company reported a profit decline of 82% due to expenses related to the integration of the rival clothier’s operations.

New York - Olshan Properties announced that Matthew B. Winn will join the firm effective January 2015 as COO.  Reporting directly to CEO Andrea Olshan and working closely with her executive team on the overall management of the company, Winn will be responsible for leading the firm’s daily operations and refining its operating policies, procedures, and processes. He will also focus on ensuring growth of the company’s platform as well as work to enhance its operational efficiency.   

New York - Back in the fall, reports were rampant that Amazon would open a physical store in mid-town Manhattan in time for the holiday rush. The online giant had rented space across from the Empire State Building,  according to reports, with plans to open a space that would double as a store and mini-depot where select orders could be picked up and returned.  But with the holiday season in full-swing, there is no Amazon storefront on West 34th Street—and it doesn’t appear any is likely in the near future.  

In the final installment of CSA Online’s PizzaRev series, we’ll explore the importance of choosing franchisees with a particularly discerning eye, and the process by which franchisors evaluate potential expansion markets.    FRANCHISEE FACTORS