New York City — Patis Bakery will open two food-and-beverage concepts totaling 5,110 square feet at 203 Jay Street, a 72,000-square-foot mixed-use development in Brooklyn. Beginning this fall, Patis will operate a full-service restaurant as well as a separate café and bakery in the eight-story building. AmTrust RE is the landlord at the property.
“Retailers are doing well, but growth is challenging as there isn’t much space to be had,” says Greg Eisenman, managing director of retail tenant services at Franklin Street. There is a major appetite for deals, but interest rates and construction costs have made development difficult, so it is taking longer for retailers to find space and close deals. The challenges are part of the overall historical retail cycle, explains Eisenman. “As brokers, we have to get a lot more creative, and just continue to dig deeper and harder. Nothing’s coming …
Eden Prairie, Minn. — Three new restaurant concepts will open at Eden Prairie Center, a 1.4 million-square-foot retail center located in the southwest Minneapolis suburb of Eden Prairie. Gyu Mai Japanese BBQ and Ichiddo Ramen will open within a dual-concept space comprising 7,996 square feet, with both concepts scheduled to open in December of this year. Starting in July, Where’s The Flour?, a gluten-free fast-casual restaurant, will lease 808 square feet within the development’s food court. Additionally, Café Viola will open a coffee kiosk and occupy 252 square feet, beginning …
Fort Worth, Texas — Si Tapas will open a 4,275-square-foot location at Crockett Row, a 282,334-square-foot development in Fort Worth. Scheduled to open in fall of this year, the restaurant will offer classical and contemporary Spanish cuisine. Younger Partners is the landlord at the property.
Chicago — SRS Real Estate Partners has brokered the $3 million sale of a single-tenant retail property located in Chicago. Wendy’s occupies the 4,031-square-foot building, which was built in 1983 and renovated in 2022, on a net-lease basis. Sean Lutz and Dan Elliot of SRS represented the seller, a California-based private investor, in the transaction. Bruce Lee and Hope Kim of New Star Realty represented the buyer, also a California-based private investor.
The City of New Orleans is famous for its events — from parades at Mardi Gras to its world-renowned Jazz Fest and food-themed festivals. The New Orleans Downtown Development District (DDD) is intent on using those celebratory events to drive the city’s visitors to experience and enjoy all the retail that the Canal Street commercial district has to offer. New Orleans’ focus on history, experiences and food makes stopping and enjoying Downtown New Orleans a natural activity for visitors. Famous restaurants, upscale retailers, music and cultural attractions, plus exciting events repeatedly draw tourists …
Glendale, California is home to some of Southern California’s most popular destinations and its draw for merchants, residents and visitors is undeniable. Brookfield’s Glendale Galleria and Caruso’s The Americana at Brand are two of the top shopping centers in California, iconic locations for major retailers. What can Glendale offer to make itself even more attractive for a wider range of businesses? The city is focused on streamlining permitting systems and offering a concierge service to ensure promptness, according to Bradley Calvert, director of community development for the City of Glendale. “Typically we assign a …
Simi Valley, Calif. — NAI Capital Commercial has brokered the $2 million sale of a 5,708-square-foot restaurant building in Simi Valley. Situated within Woodlands Plaza, the property was formerly occupied by Cocos and vacant at the time of sale. Michael Schiff of NAI represented both the buyer, SSA California Properties LLC, and the seller, Barsky Family Limited Partnership, in the transaction. The new owner plans to open and operate a breakfast restaurant.
Chamblee, Ga. — terra alma has been selected to curate the vendor lineup at Chamblee Tap & Market, a taproom and micro food hall project currently underway in Chamblee, roughly 15 miles outside Atlanta. Scheduled to open by early 2024, the development will feature Sidecar Coffee and a taproom equipped with 20 taps, as well as three food stalls. Jeff Kimmel and David Heymann are the owners of the property.
Katy, Texas — Five new restaurants totaling 12,089 square feet will open at Katy Grand, a dining and entertainment destination located in Katy, roughly 30 miles west of Houston. Korean Steak House & Bar will lease 4,971 square feet at the development, and Uncle Tetsu and Wushiland Boba will open restaurants comprising 1,050 and 1,405 square feet, respectively. Additionally, Patis & Toyo will occupy 1,533 square feet and Fat Boys Pizza will lease 3,850 square feet. All of the restaurants will join the development — which totals 944,803 square feet — …
