Rebuild of Krispy Kreme owned by Shaq expected to cost over $1M

CHARLOTTE — Krispy Kreme doughnuts are rising from the ashes and will be hot soon on Ponce de Leon Avenue in Atlanta.

Charlotte-based Krispy Kreme Inc. announced that it began construction on a new shop set to replace its historic Midtown location, which caught fire twice in 2021. Krispy Kreme demolished the burned-out store and operated a temporary drive-thru shop at the site later that year.

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Krispy Kreme applied for building permits for the new shop in December 2021. At the time, construction was estimated to cost $1.4 million. Construction prices have fluctuated since then, and it is unclear if that estimate has changed.

NBA Hall of Famer Shaquille O’Neal owns the franchised doughnut shop.

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