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Restaurant

  • McDonald's comps slip in Q1, profit inches up

    Oak Brook, Ill. -- McDonald's Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.

    Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.

    At home, same-store sales dipped 1.2%.

  • Garden City Center launches phase II of revitalization

    Cranston, R.I. -- Boston-based The Wilder Cos. said Thursday that the second phase of the multi-phased strategy to expand, reconfigure and redevelop Garden City Center, in Cranston, R.I., is officially underway.

    The project involves turning vacant former large-format retail spaces into a mix of mid-sized and smaller specialty retailers, including the state’s first Corner Bakery Café which signed a multi-year lease.

  • New tenants coming to Northshore Town Center

    Knoxville, Tenn. -- CHM said that its Northshore Town Center mixed-use property will add First Tennessee Bank and ORNL Federal Credit Union to its tenant roster.

    The two financial institutions will join fast-casual pizza restaurant Uncle Maddio’s, scheduled to open its first Tennessee location at Northshore Town Center later this spring.

  • Mimi's Cafe names VP finance

    Irvine, Calif. -- Mimi's Cafe said Thursday that Scott Miller has been named VP finance, effective immediately.

    Miller most recently was the CFO at El Gallo Giro, a multi-unit taqueria. He also spent 10 years in various financial leadership roles at Carlson Restaurant Inc., with the T.G.I. Friday's and Pick Up Stix brands.

    Mimi's Cafe was recently acquired by Le Duff America , parent to the Bruegger’s Bagels and la Madeleine banners, and has 145 locations in 24 states.

     

  • Plaza at Preston Center to unveil new tenants, expansion

    Dallas -- Venture Commercial said Monday that The Plaza at Preston Center, in Dallas, will see the Texas debuts of Sprinkles Ice Cream and True Food Kitchen this spring, and international retailers LUBLU Kira Plastinina and Aftershock London have selected The Plaza for their flagship U.S. stores.

    Venture, which serves as the exclusive broker for the lifestyle center located in the heart of the Park City neighborhood, also said that Sprinkles Cupcakes and Calypso St. Barth are expanding and/or relocating their stores at The Plaza.

  • Crumbs Bake Shop debuts at Cherry Hill Mall

    Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Crumbs Bake Shop recently opened its first area location at Cherry Hill Mall, in Cherry Hill, N.J.

    The 200-sq.-ft. foot kiosk is a dessert supplement to major Cherry Hill Mall dining players such as Grand Lux Café, Bobby’s Burger Palace, California Pizza Kitchen, Maggiano’s Little Italy, Seasons 52, The Capital Grille, and Bahama Breeze.

  • Haven Riverfront to open at Edgewater Harbor

    Edgewater, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Haven Riverfront Restaurant & Bar will open a 6,500-sq.-ft. location at Edgewater Harbor, in Edgewater, N.J.

    The new restaurant, opening in June, becomes the latest eatery to join the dining component at the mixed-use development on Hudson County’s Gold Coast, according to Levin, the exclusive retail leasing agent for the property.

  • Macy's heats up the grilling competition

    NEW YORK — Macy's has launched a new contest to find America's best griller. Customers can enter the "Macy's Great American Grilling Guru" contest via Facebook.com/macys from April 9 through April 27. Six finalists will be pitted against each other in a "Sizzle Showdown" on June 8 in Atlanta. One winner will earn the coveted title of America's Greatest Grilling Guru and receive the grand prize: $10,000 and a trip to Macy's 4th of July Fireworks in New York City. 

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