CIBMM, LLC Announces Panda Express and Tropical Smoothie Café Joining the New University Crossroads Development in Blacksburg, VA
Blacksburg, VA, March 15, 2016 (Newswire.com) - CIBMM, LLC announces Panda Express and Tropical Smoothie Café joining the University Crossroads development in Blacksburg, VA.
University Crossroads is the redevelopment of the former Holiday Inn site across from the Virginia Tech campus. It is conveniently located on the corner of Prices Fork Road and University City Boulevard. The development will include two retail buildings, two hotels and a pharmacy. The Panda Express and Tropical Smoothie Café will be part of the new retail building facing Prices Fork Road and will open Summer 2016.
"While the prior Holiday Inn was a wonderful property and occupied the corner of Prices Fork Road and University City Boulevard for 43 years, it no longer made sense to have it tie up 6.7 acres on its own. The entire community will soon be able to enjoy popular eateries, retail, conference space, and a pharmacy - while visitors will be able stay in our two new luxury hotels."
Shivon Dosky, Managing Partner of CIBMM, LLC
Panda Express, a fast casual Chinese restaurant, will occupy over 2,500 square feet and serve items including orange chicken, honey walnut shrimp and Shanghai Angus steak. The restaurant will feature outdoor seating as well as a drive thru; so guests will be able to enjoy sitting outside, inside or using the drive thru when in a hurry.
Tropical Smoothie Café is the leading fast casual café concept known for its better-for-you food and smoothies with a tropical twist. The owner, Jon Cash, is a franchisee who also owns another very successful location in Lynchburg and is very excited about bringing Tropical Smoothie Café to Blacksburg.
“While the prior Holiday Inn was a wonderful property and occupied the corner of Prices Fork Road and University City Boulevard for 43 years, it no longer made sense to have it tie up 6.7 acres on its own. The entire community will soon be able to enjoy popular eateries, retail, conference space, and a pharmacy - while visitors will be able stay in our two new luxury hotels,” said Shivon Dosky, one of the owners of CIBMM, LLC, “I am excited for this change and look forward to announcing other businesses joining our development soon.”
About University Crossroads
Virginia Tech graduates and owners of CIBMM, LLC, Shivon Dosky and Kirk Johnson originally invested in the former Holiday Inn Blacksburg across from Virginia Tech. Now CIBMM, LLC has partnered with the Rebkee Company to redevelop the 6.7-acre site now called University Crossroads. Rebkee is developing the CVS pharmacy as well as the 8,203 square foot retail building facing University City Boulevard. CIBMM, LLC is developing the new 123-room Hyatt Place and 126-room Marriott Residence Inn along with the 18,360 square foot retail building facing Prices Fork Road. University Crossroads will provide more than 185 jobs to the local economy. The company also expects the project to increase Blacksburg’s annual tax revenues by $1.8 million and Montgomery County’s by $900k.
About Panda Express
Panda Express, America's favorite Chinese restaurant, is best known for its wide variety of original recipes including its famous Original Orange ChickenTM, SweetFire Chicken Breast®, award-winning Honey Walnut ShrimpTM and Shanghai Angus SteakTM. Founded in 1983 and now with almost 1,800 locations throughout the U.S., Puerto Rico, Guam, Canada, Mexico, Dubai and Korea, Panda Express is part of the family owned and operated Panda Restaurant Group, the world leader in Asian dining experiences that also includes Panda Inn and Hibachi-San. For more information, visit www.pandaexpress.com.
About Tropical Smoothie Café Franchises Inc.
Founded in 1997, Tropical Smoothie Café is a fast-casual restaurant concept inspiring healthy lifestyles across the country, with over 475 locations nationwide. With snack and meal options for any time of day, Tropical Smoothie Café serves smoothies, salads, tacos, wraps, sandwiches, and flatbreads. The rapidly growing franchise has received numerous accolades including being ranked on Entrepreneur's 2015 Franchise 500, 2015 Fast Casual Top 100 Movers and Shakers and Nation's Restaurant News' 2015 Top 200.