The Palm Beach Post from West Palm Beach, Florida on December 1, 1997 · Page 59
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The Palm Beach Post from West Palm Beach, Florida · Page 59

West Palm Beach, Florida
Issue Date:
Monday, December 1, 1997
Page 59
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Page 59 article text (OCR)

12 THE PALM BEACH POST DECEMBER 1, 1997 Ept. Rooms to Go for kids coming to Palm Beach County , ids need furniture too. , . v mm) JkT) ) Tampa-based company Rooms to Go is launching a children's furniture store in West Palm Beach. -its.steres 4 1400 Waterford Place in Defray Beach and at 5750 Jog Roadin Lake Worth. Kmart Corp. sold the chain in September to Leonard Green & Partners, which is combining it with Hechinger Co. to form the nation's third-largest home-improvement chain. The Delray Beach store, which employs 83, will close Jan. 17, according to a letter the company sent to the city. A spokeswoman would say only that the two were in a group of 12 Builders Square stores the company is closing to "improve the operational profitability of the newly combined companies." The Lake Worth store will close by March, she said. Barnes & Noble opened a new store last week at the southwest corner of Old Boynton Road and Congress Avenue in Boynton Beach and closed its existing store just north of there at Congress and Gateway Boulevard. The 27,000-square-foot store, which is more than twice the size of the old location, features a cafe and a music section. Barnes & Noble is looking to sublease the old site, a spokeswoman said. B Julie Waresh writes about That's why Tampa . based Rooms to Go em- i barked this year on a retail ex- periment, called Rooms to Go Kids. r: It opened two stores in Atlan-; ta and one in Fort Lauderdale in an effort to see if there is a market for a store that sells kids' furniture only. V;' . . "So far they're dojng great,"-,; ,; Rooms to Go President Jeff Sea- man said. In fact, by the end of next year Seaman expects to have 12 Rooms to Go Kids stores open, including a superstore in West Palm Beach. The company is under contract to buy about 2.5 acres near the northeast corner of Congress Avenue and Okeechobee Boulevard, not far from Rooms to Go's existing store at 2035 Okeechobee Blvd. The land is owned by Roger Dean Enterprises and is used to store automobiles, President Roger Dean said. The parcel is not part of the Roger Dean Chevrolet dealership, Dean said. Neither party would disclose the sale price. Seaman plans a 27,000-square-foot building, which will If you're like most At Gtibank, We have more Now . needs we associate George D. Johnson Jr., CEO of Extended Stay America and former president of Blockbuster Entertainment. Johnson will serve as president of the combined company. B OF NOTE. . .: Officers of Miami-based Wentworth Gallery have acquired the fine art retailer from Fidelity Capital, the new business and venture capital arm of Fidelity Investments. The gallery, which has 32 locations in 15 states, has stores at Worth Avenue's Esplanade, Town Center at Boca Raton and The Gardens mall in Palm Beach Gardens. Terms were not disclosed. Builders Square is closing Julie Waresh house a Rooms to Go store. Once that opens, the company will vert its existing 16,000-square-foot Okeechobee Boulevard site to Rooms to Go Kids. Rooms to Go Kids sites typically are about 10,000 square feet. The 16,000-square-foot West Palm Beach store will be the company's first Rooms to Go Kids superstore, Seaman said. The 53-store chain, which also has locations in Boca Raton and Jensen Beach, has submitted plans to the city. Seaman said he expects to close on the land once the site plan is approved. n SPEAKING OF FURNITURE: Home Choice, the rent-to-own chain that Republic Industries Chairman Wayne Huizenga has ownership interest in, is opening two more local stores. The retailer, which has a location in Riviera Beach, is sched- Citiliiiilt business owners, you expect a lot we understand the needs of your experience in helping businesses uled to open stores this month at South Wind Plaza at 45th Street and Military Trail and in a former Rose Auto Stores site at 1368 S. Military Trail in West Palm Beach. The chain, owned by RTO Inc., has 275 stores nationwide. The stores rent furniture, consumer electronics, appliances and other goods to consumers and apply the payments toward ownership. Mesquite, Texas-based RTO is privately held but announced ' plans in September to merge with New Albany, Ind.-based Alrenco Inc., a public company. The combined companies will have more than 400 stores. RTO's chairman is Huizenga from your bank. business. with banking than any other bank in the country. want to do the same for your business. V? 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