Saturday, June 3, 2017

June 3, 2017

 Things are moving along at both the Whole Foods and the Senior Housing, both at the Kennesaw 

Marketplace Mall.  

 

At W.F. the cement floor is finally finished and work continues on the interior walls.

The Sales Office is opening for the Overture at Barrett Senior Housing, it is just a few doors down from the Whole Foods construction.

 

Saturday, May 27, 2017

Below:  Still wondering what this will be?

5/17/17

The Whole Foods shell progresses slowly:

Interior of Whole Foods shell

The 55+ Overture at Barrett continues to grow:

5/10/17
WHOLE FOODS TRIES TO AVOID SELLING ITSELF BY REPLACING MOST OF ITS BOARD

Consumerist May, 10, 2017

A month after shareholders told Whole Foods to shape up and see if someone was interested in buying the chain — Amazon and Kroger, apparently, for a while — the health foods store hasn’t put up the “for sale” sign yet. Instead, the company says it will completely revamp its board. 

Whole Foods announced today that it would undergo a board “refreshment” by appointing five new independent directors and new board leadership.

That means that more than half of the supermarket chain’s board of directors is being replaced, including the Chair and other leadership positions.

Whole Foods says the “robust refreshment process” is meant to help ensure that the board “has the best mix of skills and experience necessary to support Whole Foods Market’s leadership team in accelerating shareholder value creation.”

The change comes a month after activist investor Jana Partners and other companies bought a 9% stake in Whole Foods. Following the purchase, the company immediately began pressuring the chain to bring in fresh board members to turn around the retailer’s faltering sales.

With today’s changes, Whole Foods co-founder and CEO John Mackey says the chain is now well positioned to enter the next phase of its evolution.

“We believe that we have the right plan – and the right team – to execute on our initiatives at an aggressive pace, deliver results and enhance value for our shareholders,” Mackey said in a statement.

Though Jana Partners may be the impetus for these changes, the firm tells the Wall Street Journal that it turned down the chance to claim two board seats for itself.

Instead, the investor will “watch carefully” to see how Whole Foods’ board works to maximize shareholder value.

Whole Foods outlined those plans today, including an accelerated affinity program that combines the best elements of the company’s My 365 Rewards and pilot programs.

The chain says these programs have successfully driven increased trips and bigger orders from customers.

The company says it also plans to realize $300 million in additional cost savings by 2020. This, it says, will be achieved by standardizing in-store processes and optimizing its supply chain.

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5/7/17
Progress continues.  Last Sunday NO concrete had been poured for the floor, this Sunday (5/7/17) about 20% of the floor has been done in 3 areas.

 Above/Below new concrete on the floor

Below:  Blueprint shows final configuration of the store.

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5/5/17
One more building going up at the shopping center. To soon to say for sure, with all those windows it is probably another restaurant:

4/30/17

Not much change this week from last.  Both the Senior apartments and the Whole Foods continue to be built out slowly.  The WF may soon have the concrete floor put in, rebar for that is on hand and about half the interior floor has been packed down and almost ready to proceed.

4/25/17

WILL WHOLE FOODS KENNESAW END UP AS AN ALBERTSONS?

The AJC in their 4/25 issue is reporting that Albertsons is considering a buyout of Whole Foods.

Albertson's is the 2nd largest grocery company with 2,200 stores, mostly in the West and South-West, but also with a Florida division. (Kroger is the largest grocer)  

Since there is no current Albertson's presence in Georgia the proposed Whole Foods location in Kennesaw could end up as an Albertson's store.  

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Sunday, April 23, 2017

This is what the 'Overture Barrett' will look like when it is finished.  The complex is 55+ and is on the West side of the Kennesaw Marketplace Mall.  Apartments will begin at approximately $1675 per month. 

A showroom will be open in early May 2017 at 1300 Ernest Barrett Parkway NW, Suite 200, Kennesaw Ga 30152 where there will mock ups of apartment interiors and exteriors.  They anticipate the first units will be available in early 2018. 

Here are some shots of the construction FYI:

 Lots of wide interior corridors!

 On the back side of the property are garages and storage units.

Construction on the interior of the Whole Foods store continues (slowly), mostly trenching, wiring and filling in the trenches.  AC will be next

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4/19/17

Dropped by WF this afternoon (4/19)and you can see from the photo from today compared to ones further down which are from 4/8/17 that some work continues.  

The area involved has had the underground lines covered over and tamped down, so those trenches are now covered up and it seems similar work continues under further towards the far wall.