Primrose Schools planning to add 34 new schools in 2017
Primrose Schools, a national preschool franchise company, is on track to experience its seventh consecutive year of real estate growth by opening a record 34 new schools in 2017. With 135 schools currently in its development pipeline, the early education and care provider shows no signs of slowing down.
“Nationwide demand for high-quality child care combined with the unparalleled early learning experience we provide children and families is driving our rapid growth and expansion,” said Bill Pierquet, senior vice president of school development for Primrose Schools. “With this growth comes the need for real estate that will meet our requirements and, more importantly, the needs of the families we serve.”
Primrose currently has 342 schools open in 27 states and is expanding into many markets across the U.S., including Boston, Chicago, Northern New Jersey, Washington, D.C., Philadelphia and California. This year, the company will open its first schools in two new states – Arkansas and Oregon. New markets come with new opportunities, one in particular for Primrose, being the urban areas. With 22 urban schools open today, the company continues its expansion with 11 additional urban locations under development.
“We’ve been building schools in both suburban and urban neighborhoods from New York to California in order to meet the needs of families where they live and work,” Pierquet added.
In suburban areas, Primrose looks for sites that can accommodate a 12,000-square-foot building and at least 8,000-square-foot of playground. It also can convert existing 8,000- to 15,000-square-foot commercial spaces into new schools.
In urban areas, Primrose targets areas near large employment centers such as an office complex, mixed-use development, university or hospital. Site requirements include 8,000 to 15,000 square feet of available space on the first floor above grade or the second floor and at least 6,000 square feet of flat outdoor space for a secure playground.
The company is currently working on a new cost efficient building prototype that will allow entry into small suburban markets. Primrose hopes to reach the projection of having 480 Primrose school locations by 2020.