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Restaurants

Broad Reach Retail Mike Castellitto quote from article + headshot
Content PartnersFeaturesFinanceIndustry ContentLeasingOperationsRestaurantsRetail InsightRetailers

Broad Reaching Strategies for Maximizing Value in Retail Properties

by Sarah Daniels

No matter the economic climate, the formula for creating value in properties will always be a retail property owner’s best friend. That’s why Broad Reach Retail Partners uses a multi-faceted approach that includes data-driven key performance indicators (KPIs) to drive their plans of action, strategic redevelopment and ongoing budget updates that optimize net operating income (NOI). “Through focused management, leasing and discipline, we create value, and we are able to return those dividends to our partners, properties and people,” says COO Mike Castellitto. “We have seen time and time again …

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CanalSide-Food+Drink_Cambridge-Mass
DevelopmentMassachusettsNewsRestaurants

New England Development to Open 14-Eatery Food Hall in Metro Boston 

by Hayden Spiess

Cambridge, Mass. — New England Development has announced plans to open CanalSide Food + Drink, a new food hall in Cambridge, approximately one mile outside Boston. Situated within the developer’s CambridgeSide mixed-use development, the food hall is scheduled to open this fall. CanalSide will feature a bar — dubbed C-Side Bar — as well as 14 eateries. Announced concepts include anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta To Go, Fresh, InChu, Lala’s Neapolitan-ish Pizza, Nu Burger, Sapporo Ramen and Teazzi Tea Shop. RODE designed the food hall, with Whiting Turning serving …

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Chick-fil-A
DevelopmentFloridaGeorgiaLeasingNewsRestaurants

Chick-fil-A to Open Four New Restaurants in Metro Miami

by Hayden Spiess

Atlanta — Atlanta-based fast-casual brand Chick-fil-A will open four new restaurants in metro Miami. Chick-fil-A has broken ground on the first of the units, which will comprise 4,800 square feet in Cutler Bay. Dustin Griffiths of Chick-fil-A and David Emihovich of Katz & Associates represented Chick-fil-A in the lease negotiations. Michael Berkowitz of Berkowitz Development Group and Douglas Landsea of Landsea Development are the landlords. Development is scheduled to begin on three additional restaurants — which will be located in Miami Shores, Pinecrest and Princeton — later this year. 

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A strategic location and concierge business services have created robust growth in Moreno Valley, Calif.
Economic DevelopmentIndustry ContentLeasingRestaurantsRetail InsightRetailers

Economic, Retail Expansion in Moreno Valley Is Driven by Business-Friendly Strategies

by Sarah Daniels

Thriving enterprises seeking to broaden their reach recognize a prime destination in Southern California that consistently outperforms others: Moreno Valley. Companies such as Sprouts Farmers Market, Texas Roadhouse, 85°C Bakery, Raising Cane’s, Hilton, Capriotti’s Sandwich Shop and WoodSpring Suites are extending their presence in the city for good reason. They benefit from Moreno Valley’s unparalleled business-friendly atmosphere, a driven workforce, strategic positioning and competitive leasing rates. Fortune 500 and global corporations are flourishing in Moreno Valley, and below are some of the reasons why. Strategic Positioning Situated at the junction …

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Smalls-Sliders
Company newsFloridaNewsRestaurants

Smalls Sliders Signs Franchise Deals for 12 New Units in Florida

by Hayden Spiess

Atlanta — Atlanta-based fast-casual cheeseburger brand Smalls Sliders has signed two multi-unit franchise deals in the state of Florida. An entity doing business as DPC Smalls Investments, which is led by Doug Cone, will own and operate the 12 new restaurants, known as “Cans.” Locations for the new Cans will include Jacksonville, Tallahassee, St. Augustine, Lake City and Orange Park, with the first unit scheduled to open early next year. 

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Tropical-Smoothie-Cafe
Company newsGeorgiaNew YorkNewsRestaurants

Blackstone Agrees to Acquire Tropical Smoothie Cafe for Nearly $2 Billion

by Hayden Spiess

Atlanta and New York City — Blackstone has entered into a definitive merger agreement to acquire Tropical Smoothie Cafe, a franchiser of fast-casual restaurants, from Levine Leichtman Capital Partners. The deal values the Atlanta-based smoothie chain at around $2 billion, including debt, according to The Wall Street Journal. Tropical Smoothie Cafe began as a single location in Destin, Florida, in 1997. The chain has grown to more than 1,400 locations in 44 states today. The company opened more than 175 locations in 2023, 70 percent of which were opened by existing franchisees. …

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Slim-Chickens
Company newsNewsRestaurantsSouth Carolina

Slim Chickens Opens Two New Restaurants in South Carolina

by Hayden Spiess

Columbia and Florence, S.C. — Slim Chickens has opened two new restaurants in South Carolina. Located in Columbia and Florence, the stores are owned and operated by franchisees Break Bread Ventures and Chandler Restaurant Group, respectively. This marks the seventh Slim Chickens restaurant for Break Bread Ventures and the second for Chandler Restaurant Group. Slim Chickens’ current portfolio includes more than 265 units in the United States, the U.K. and Turkey. 

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Saluhall_San-Francisco
CaliforniaNewsRestaurants

Ingka Centres Opens 23,000-Square-Foot Food Hall in San Francisco

by Hayden Spiess

San Francisco — Ingka Centres has opened a 23,000-square-foot food hall at Meeting Place in San Francisco, a 256,000-square-foot IKEA-anchored shopping center owned by the company. Vendors at the food hall, dubbed Saluhall, include Taqueria La Venganza, MOMO Noodle, KAYMA Algerian Eater, Curry Up Now and Casa Boriqueña. KERB will operate the venue, which features a focus on plant-forward cuisine. 

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LeasingNewsPennsylvaniaRestaurants

Five Guys to Open 2,407-Square-Foot Restaurant at Promenade Saucon Valley in Pennsylvania

by Hayden Spiess

Center Valley, Pa. — Five Guys Burgers & Fries will open a 2,407-square-foot restaurant at Promenade Saucon Valley — formerly known as The Promenade Shops at Saucon Valley — in Center Valley. Scheduled to open this fall, the store will be situated between tenants European Wax Center and uBreakiFix. Five Guys’ portfolio currently includes more than 1,700 restaurants globally. 

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LeasingMichiganNewsRestaurants

Andiamo Pasta & Chops Signs 7,670-Square-Foot Lease in Metro Detroit

by Hayden Spiess

Clinton Township, Mich. — Restaurant Andiamo Pasta & Chops has signed a 7,670-square-foot lease at The Mall at Partridge Creek, a 640,000-square-foot shopping center located in Clinton Township, roughly 25 miles outside Detroit. Scheduled to open this summer, the eatery will mark the first for the concept in the state. Spinoso Real Estate Group manages the shopping center, which is anchored by MJR Theaters. Powerhouse Gym is also scheduled to join the property as an anchor tenant in 2025. 

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