Danburg
Management Corporation
A Portfolio of
Office & Industrial Properties
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Boca Raton - Congress Avenue Update
December 2004
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Danburg Management is pleased
announce the openining of the new NexStore , across
the street from our Preserve at 7700 Congress
, One
Boca Commerce Center, and Boca Industrial Park
and adjacent to our new Peninsula Corporate Center
at Congress, which will be breaking ground any day
now.
Enjoy the article.
Courtesy
of The Sun Sentinel
Developer looks to fill a niche with upscale gas & eatery combo in
Boca
By Alexandra Navarro Clifton
Business Writer
Posted November 18 2004
For the
thousands of
employees working in office buildings along Congress Avenue between
Boca Raton and Delray Beach, finding a quick lunchtime meal isn't easy.
While some of the larger companies offer in-house cafeterias, outside
choices are limited to a handful of fast food outlets and even fewer
full-menu restaurants. For the past four years, Boca Raton
developer Bill Knight has kept
those office workers, which he estimates at about 75,000, in mind while
developing his NexStore marketplace.
In 1994, Knight lobbied the Legislature to build the $4 million
Interstate 95 interchange at Congress Avenue. Today that interchange
spills into the Peninsula Corporate Center and into Knight's NexStore
marketplace and gas station in Boca Raton, which is scheduled to open
Dec. 6.
Knight aspires for NexStore to resemble the Balducci's and Dean
& Deluca epicure destinations in New York City, offering sushi
alongside American comfort food and international beers. Knight's
NexStore will be 12,500 square-feet and include its own bakery, deli,
salad and sushi bars, and prepared dinners to go. The business slogan:
"The joy of not cooking."
"Anybody can sell gas," said Knight. "We're working for this to become
a destination."
The gas station will provide free valet parking, two pick-up windows, a
covered seating area for 120 and parking spaces for 220 cars. Inside, a
portion of the market will be open 24 hours a day. The market and gas
station will employ about 180 people, said Knight.
Knight opened his first gas station in 1961 in Boca Raton and called it
The Corner Store, adding more and more food with each station he
opened. Six years ago, he sold his seven stations and began working on
the current NexStore concept. The newest station, which will sell gas
under the NexStore brand, will
have 20 pumps, making it the largest in the area. All the food sold in
the market also will be sold under the NexStore label, with the
exception of brand name beverages such as Starbuck's coffee. NexStore
General Manager Geoffrey Wexler says the dinners
available at the market have been engineered especially for
reheating. "They're not meant to eat immediately," he said. "The
food is cooked to
a point where it's just about done so that the reheating process
doesn't over-cook the food."
Knight says the quick turnaround time and large sales volume
during the week will sustain the market on the weekends when the nearby
office buildings are empty. Construction of 155 townhouses by Lennar
Homes will also provide a customer base within walking distance.
Also within walking distance is the headquarters of NCCI Holdings
Inc. and its 900 employees. About half of them eat lunch at the
company's in-house cafeteria, said Alfredo Guerra, the company's chief
financial officer, but those seeking lunch outside the office spend
much of their lunch hour traveling to find food, he said. "We provide
our cafeteria as a service so that our employees can
save time," said Guerra. "There aren't a lot of choices around here
otherwise, so this place will be a positive thing for us." Other
potential customers include the 2,300 employees at the
Office Depot corporate campus in Delray Beach and the 1,200 IBM
employees in its Boca Raton offices.