The Palm Beach Post from West Palm Beach, Florida on September 13, 1999 · Page 60
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The Palm Beach Post from West Palm Beach, Florida · Page 60

West Palm Beach, Florida
Issue Date:
Monday, September 13, 1999
Page 60
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THEPALiVI IB'EACH POST SEPTEMBER 13; 1999 '.7 REAL ESTATE Gourmet marketer splits with Cracker Barrel company .. j Jill :!:', it. , Paul Owers CBRL officials did not return phone calls. Giardini, 50, who founded the Fort Lauderdale market 27 years ago, said he will continue to operate Carmine's Ocean Grill in Palm Beach Gardens and will open a second location in Aventura by the end of the year. He also is expected to open a restaurant in Boca Raton. " Back in Palm Beach Gardens, Giardini wants to create another gourmet market next year to compete against CBRL. "I can do anything I want where I want because I didn't sign a non-compete agreement before I left," Giardini said. One place where he can't open is the new Hibiscus Restaurant at PGA Boulevard and Elli ture last year. The other complexes are in Miami-Dade County and the Orlando area. Ceebraid-Signal and Olympus plan aesthetic and structural changes to Boynton Landings, on Congress Avenue at Gateway Boulevard. The companies also will add a fitness center and basketball, racquetball and tennis courts. Ceebraid-Signal owns and manages more than 13,000 units, primarily in the Southeast and Northeast. Paul Owers writes about retail, real estate and construction. He can be reached at (561) 8204497 or by email and PaulOwers son Wilson Road. Giardini loves the waterfront location, but he couldn't reach a deal with owner Denise Summers. a Ceebraid-Signal Corp., a West Palm Beach-based owner and manager of multifamily properties, has bought Boynton Landings, a 196-unit apartment complex in Boynton Beach. Terms of the deal were not disclosed. Atlantic Realty Partners of Boca Raton represented the seller, Sentinel Realty Partners of New York. This is the fifth apartment property that Ceebraid-Signal has bought with Dallas-based Olympus Real Estate Corp. since the two companies committed $80 million to form a joint ven The 16-month marriage between Carmine Giardini and the owner of Cracker Barrel Old Country Store is over. - Giardini, who sold his gourmet markets in Palm Beach Gardens and Fort Lauderdale to the Lebanon, Tenn.-based CBRL Group Inc. for $15 million, said he has resigned as president of its gourmet division. "Their philosophy and my philosophy are totally different," Giardini said. "They didn't understand our concept. Our philosophy is service and quality, and that's not what they wanted me to do." Giardini said he decided to leave after the forced resignation in May of Cracker Barrel President Ron Magruder, who negotiated the deal for Giardini's markets. CBRL, which restructured into a holding company earlier this year, bought the markets with the idea of expanding the concept nationwide. It will open a market in Aventura in Miami-Dade County in the next six months, but deals to open in Orlando and Chicago apparently have collapsed, Giardini said. ' fl ray ir feixemja j i "wty of americtf J You have until September 30th to get the best lease ever on a Saab 9-3. Go. justnicliev, : & m ft ri mmm? '::mmmmmmm SiiOatS The tight The Night Leukemia Waims a nationwide evening walk to celebrate and commemorate lives touched by cancer. Join us September 24, 1999 at the Meyer Amphitheater, downtown - West Palm f Beach. You can help cure the number one I 1 ' ! BK f f Cap. cost reductionDown payment: $ 0 M Refundable security deposit $ 0 mJ W Acquisition fee: $ 495.00 rs I1C First month's payment: $ 288.98 rer mO.JO mOS. Amount due at lease inception; $ 783.98 t . ' . People who test drive a Saab, usually buy a Saab. ) SVf rC disease killer of children. To register, call 1-888-478-8550 or visit us at our web site, Funds raised will support the Uukemla Society's mission to cure leukemia, lympnoma, Hodgkln's disease and myeloma and to Improve the quality ot life of patients and their tamMes SCHUMACHER SAAB 3031 Okeechobee Blvd. West Palm Beach (561) 683-3200 1 800 SAAB USA 'SuDiect to credit approval Delivery must be taken out of dealer inventory by September 30. 1999 Doale' participation may aftec! consumer cost Terms apply lo a 1999 Saab 9-3 5-door w 5-speed manual tiansmission with heated seat? sunrooi and in-dash CD oased on MSRP ot $28,675 00 (including destination charge) Lease payment for the 9-3 5-door is $288.98 lor 36 months totaling $10,403 28 Option lo purchase ai lease end lor $14 91 1 00 (plus any license, title fees and taxes) Amount due a! lease inception and purchase option amount higher in VVI and NV Tne customer is allowed 36.000 miles during the lerm ot this lease The customer is liable for s mileage charge ot $ 15 per mile over 36.000 iraios and lor excess wea' and tear Taxes insurance title and registration lees extra Not to be combined with any other program offer. SEE YOUR PARTICIPATING SAAB DEALER FOR COMPLETE DETAILS ON THIS AND OTHER LEASE AND FINANCE OPTIONS. 1999 SAAB CARS USA. INC News i SS? fllll PENNYSAVER IKUIIOTtSlUIIW

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