retail real estate | nashvillepost.com

Delek ramping up capital spending

Spurred by the success of completed retail store overhauls — fuel sales at so-called reimaged stores are rising 2 percentage points faster than the company's average — Delek US Holdings is boosting its budget to convert other outlets. The parent of Mapco Express and other gas station chains also is speeding up various investments at its Tyler, Texas, refinery. In all, the Brentwood-based company will spend more than $70 million on capital projects this year, up from its previous estimate of about $59 million. In the Q&A section of Thursday's call posted on Seeking Alpha, CEO Uzi Yemin reiterated his company's quest to be a buyer in the M&A market, saying, "If we are not at the bottom, we are somewhere around the bottom and we remain active." Shares of Delek (Ticker: DK) have risen about 14 percent in the past three weeks and are now up about 11 percent for the year.

Aug 6, 2010 8:09 AM

Sandwich chain opens Mt. Juliet outlet

Which Wich, the fast-growing sandwich concept, today opened the doors to a store in Mt. Juliet's Providence Marketplace development. It's the chain's fifth location in Middle Tennessee.

Aug 5, 2010 1:44 PM

Shoe store opens on West End

Darnice Harris, owner of Studio 615 in the 2900 block of West End, has expanded next door and set up Sole of 615, a shoe boutique. Check out more here.

“Opening a shoe boutique is something I have wanted to do for a couple of years but was waiting for the right time and opportunity,” says Darnice. “When the space next to me on West End became available, I jumped at the opportunity. I knew that opening Sole of 615 was the right thing to do.”

Aug 3, 2010 11:24 AM

Ribbon-cutting time!

Tomorrow morning, Dollar General will open the doors to its 9,000th store in Fountain Run, Ky., about 75 miles northeast of Nashville. The opening comes 55 years after the discounter (Ticker: DG) opened its first store, also in the Bluegrass State. The timing is somewhat ironic given the Wall Street Journal's piece (subscribers only) this week about the difficulties some Dollar General developers are having when it comes to selling their sites because of the more attractive terms Dollar General is offering other builders these days.

Jul 30, 2010 7:53 AM

Foursquare close to Bellevue plan announcement

Eric Crafton tells Channel 4 the Bellevue Center redevelopment story could soon have a new chapter.

Jul 29, 2010 7:28 AM

Overhaul in the works at Midtown eatery

Dana Kopp Franklin passes on word about big changes that appear to be afoot at Miro District, the high-end restaurant on the ground floor of the Adelicia tower near Vanderbilt. UPDATE: Dana has more on the upcoming transformation into a seafood destination.

Jul 27, 2010 8:08 AM

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Local restaurant chain opens Baltimore spot

The Nashville-based holding company that runs Dick's Last Resort restaurants in six states has opened its latest outpost in Baltimore's Inner Harbor district. DLR is run by Logan's Roadhouse co-founder Ted Moats and had at one point eyed its (newish) hometown for a restaurant. Its next location, however, will be in the eastern section of Tennessee.

Jun 28, 2010 1:39 PM