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  • New tenants bring Shoppes of Madison to 98% occupancy

    Madison, Ala. -- Brentwood, Tenn.-based GBT Realty announced that several new tenants bring its Shoppes of Madison property to near 100% occupied.

    Moe’s Southwest Grill will join the new shopping center, along with Buenavista Mexican Cantina, which will open a 7,220-sq.-ft. restaurant on a 1.55-acre outparcel.

    The Target-anchored Shoppes of Madison also features Ross, Petco, Kinnucan’s, and numerous junior anchors and small shops. The 28-acre center, which opened in 2012, was developed and leased by GBT Realty Corp.

  • Cheesecake Factory to make state debut in Michigan

    Bloomfield Hills, Mich. -- Taubman Centers, owner of Twelve Oaks Mall in Novi, Mich., said Friday that The Cheesecake Factory will make a Michigan debut with a new restaurant opening at Twelve Oaks.

    The 8,430-sq.-ft. Cheesecake Factory will open in latter 2013, and will feature French limestone floors, decorative columns, hand-painted murals and contemporary lighting.

    Twelve Oaks Mall is anchored by Nordstrom, Macy’s, Lord & Taylor, J.C. Penney, Sears and the Lifestyle Café Food Court.
     

     

  • Red Robin to open at Plaza at Cherry Hill

    Cherry Hill, N.J. -- Conshohocken, Pa.-based Fameco Real Estate announced that Red Robin has signed a lease at the Plaza at Cherry Hill, Cherry Hill, N.J.

    The 6,000-sq.-ft. restaurant will join anchors LA Fitness, Raymour & Flanigan, Guitar Center, Sam Ash and Bottom Dollar at the 450,000-sq.-ft. power center.

     

  • Corner Bakery targets Boston for expansion

    Dallas -- Corner Bakery Café said Wednesday it plans to open 18 restaurants in the Boston area, joining under-development markets in neighboring Connecticut, Rhode Island, New York, New Jersey and Pennsylvania.

    The bakery-café concept is targeting its growth through franchising deals with restaurant pros capable of opening multiple units. Corner Bakery has set a goal of doubling its current U.S. footprint of 147 locations by the end of 2015.

     

  • Corner Bakery Café to open 16 locations in greater New York area

    Dallas -- Corner Bakery Cafe announced plans to open 16 restaurants in six counties in the greater New York City area as part of a recent multi-unit agreement with CBCWSNY. The group of restaurant operators plans to open its first restaurant in 2013 and the remaining sites over the next six years.

    Corner Bakery Cafe opened 20 new cafes and signed another 125 cafes in 2012, raising the total to 147 open cafes and 288 cafes under development, as the company moves forward on its goal to double its U.S. footprint by the end of 2015.

     

  • Dunkin’ Donuts to develop 11 locations in New Orleans

    Canton, Mass. -- Dunkin’ Donuts announced the signing of multi-unit store development agreements with two franchise groups to develop 11 restaurants throughout New Orleans.

    The two franchise groups and their development plans include:

  • Survey: Valentine’s Day timing to benefit restaurants

    San Francisco -- A survey released Monday by online reservation firm OpenTable found that, when Valentine’s Day bookends a weekend, it tends to benefit restaurants.

    Valentine’s Day, which falls on a Thursday this year, will likely be celebrated beyond the official day, as diners continue to celebrate over the following weekend.

    The Valentine’s Day survey also found that the projected check average this year is $139, which is 63% higher than the typical OpenTable check average of $85 per couple. 

  • SRS Real Estate negotiates two Miller’s Ale House leases

    New York -- SRS Real Estate Partners said Wednesday it has negotiated two leases on behalf of Miller’s Ale House. The first transaction is a ground lease located on 1.5 acres of land off of the Pennsylvania Turnpike in Willow Grove, Pa. The second lease is 9,200 sq. ft. located at the Bergen Towne Center in Paramus, N.J.

    Miller’s Ale House is a 60-unit restaurant chain headquartered in Jupiter, Fla.

     

  • Bob Evans to sell off 145-unit Mimi's Café for $50 million

    Columbus, Ohio – Bob Evans Farms said Tuesday it will divest its Mimi’s Café restaurant chain, selling it to LeDuff America – owner of Bruegger’s Bagels – for $50 million.

    LeDuff America, a subsidiary of French bakery conglomerate Groupe LeDuff SA, will add the 145 Mimi’s units to its current portfolio of café-bakeries and coffee shops, including La Madeleine Country French Cafe, Brioche Doree, Bruegger's Bagels, Timothy's Coffee and Michel's Baguette.

  • NPD: U.S. restaurant count up by 4,442 units over last year

    Chicago -- There were 4,442 more restaurants in the U.S. in fall 2012 than there were in fall 2011, according to a recent U.S. restaurant census conducted by The NPD Group.

    The total number of U.S. restaurants is now 616,008, a .7% increase over last year, based on NPD’s Fall 2012 ReCount, which is a count of commercial restaurant locations in the United States compiled in the spring and fall each year.

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