Kingsport Times News Friday, October 31, 2014

Business & Technology

Panera Bread preparing for opening in late September

June 11th, 2008 12:00 am by Rick Wagner

Panera Bread preparing for opening in late September



Work on the interior of the Panera Bread building, the second announced tenant of the Reedy Creek Terrace development, began last week after the issuance of a city building permit. Ned Jilton II photo.


_________________


KINGSPORT — Model City bread lovers, your wait for Panera Bread is scheduled to draw to a close later this year.


Panera, the second announced tenant of the Reedy Creek Terrace development, is set to open in late September.


Work on the interior of the Panera building, a shell put in by developer Roger Ball, began last week after issuance of a city building permit. Meanwhile, construction crews are scheduled today to begin putting footers for additional buildings in the development just off North Eastman Road.


“We’ve also got to fix the parking lot,” said Ball, owner of Ball Realty and Auction Inc., the company that also developed the East Stone Commons shopping center across Eastman Road from Reedy Creek Terrace.


Ball bought the property between Reedy Creek and Palace Vending in 2006 after he sold East Stone Commons for an undisclosed amount to Oak Brook, Ill.-based Inland Real Estate Group, the fifth-largest shopping center owner in the United States.


Starbucks, the national coffee retailer that opened at 1860 N. Eastman Road in January, was the first tenant at Reedy Creek Terrace. The development is accessible from a traffic light intersection near the Greenbelt.


“We’ve got three people (with whom) we’re working on lease drafts,” said Dixon Greenwood, development director for Ball Realty.


Ball and Greenwood, based in Ball Realty headquarters in Tazewell, Tenn., in Claiborne County, said plans are for about 12 businesses for the 50,000-square-foot Reedy Creek Terrace, although depending on the sizes the center could handle up to 20 eateries and other retailers or as few as 10.


“We can develop it in a variety of ways,” Ball said.


In addition, the development includes office space in lower level areas without the visibility of the retail space.


“We’re still trying to bring things to Kingsport,” said Ball, who also is redeveloping the old Cox Oldsmobile site he owns at 416 W. Stone Drive. His company also is handling the sale of the old Ryan’s building near the Fort Henry Mall.


One of the partners in the Panera franchise said plans are for that store to be open by Sept. 28.


“It’s a bakery and cafe,” said Tom Krings, an operating partner of Panera franchisee CSC Investments LLC.


Based in Cleveland, Tenn., CSC with the opening of the Kingsport Panera will have 16 Panera locations, including one each in Johnson City and Asheville, N.C., seven in the Knoxville area, five in the Chattanooga area, and one in Dalton, Ga.


Krings said the eatery will offer everything from pan to artisan breads, as well as salads and sandwiches. Offerings include bagels, croissants and hot egg sandwiches. The Panera stores have free Wi-Fi Internet access.


For more information visit www.panerabread.com.


For information on leasing opportunities for Reedy Creek Terrace or other Ball projects call Ball Realty at (423) 626-9393 or visit www.ballrealty.com.



comments powered by Disqus