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Originally Posted by Khantilever
I don’t know under what conditions and costs McD’s Corporate has the right to sell the underlying land, but I wonder whether the franchisee at this location saw a potential sale coming and decided to quickly remodel to discourage precisely that.
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I bet Karavites pulls some weight given that he owns 22 locations, and corporate seems to be backing him to
some extent in terms of the whole remodel push.
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McDonald’s spokeswoman Anne Christensen said the restaurant will feature a new, unique theme that’s different from other “experience of the future” restaurants, but she couldn’t provide further details at this point.
“We can’t wait to show our customers the new design that reflects McDonald’s vision for the future,” Christensen said.
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Another Karavites-owned McDonald’s, at Chicago Avenue and State Street, was the first Chicago location to get chain’s latest remodel last year.
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http://www.chicagotribune.com/busine...214-story.html
Soon enough, all this investment will be a sunk cost in terms of redevelopment value, but it's still probably bad PR in the short term to remodel then ditch it. Best case, they get a covenant 10 years from now to inhabit the property's retail space, and claim parking spaces a la Holy Name.