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QSR & restaurants: tenants & leasing
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Starbucks To Close 250 Stores, Shrink Growth PlansStarbucks told employees Thursday it is closing 250 underperforming locations, which represents about 1% of its North American footprint.
Representative imageStarbucks to Close 250 North American Stores Amid Massive OverhaulThe “Back to Starbucks” overhaul isn’t over yet. Seattle-based coffee giant Starbucks announced Thursday that it will close 250 stores across North America this week in its second round of mass closures since Brian Niccol took over as chairman and CEO in 2024.
Karahan Cos. Inks Deals With Seven New Tenants at Frisco Mixed-Use DevelopmentFRISCO, TEXAS — The Karahan Cos. has inked deals with seven new retailers and restaurants at Fields West, a 55-acre mixed-use development located north of Dallas in Frisco. The tenants include Boll & Branch, Evereve, Flower Child, lululemon, SusieCakes, Tecovas and Warby Parker.
Apartments Kick Off New Era Of Mixed-Use Activity In Philly Navy YardA 614-unit complex delivered in March and is now 40% leased, according to the developer, Brad Korman, who said the project has also secured restaurant tenants.
16K SF Restaurant, Event Space Opens At 5POP Office: The Houston Deal SheetThis week in Houston real estate news, Mack Allen's 16K SF restaurant and event space opens at 5POP, The Woodlands office building trades, and more.
Hibachi Eatery Bijin Omakase Signs 5K-SF Lease in Long Island CityA hibachi restaurant is igniting the burner in Long Island City, Queens.
Dongbei Chinese Restaurant & Bar Inks Deal at 63 Cooper SquareDongbei Chinese Restaurant & Bar is opening its fourth location in New York City and its fifth overall, Commercial Observer has learned.
Taconic, NREA Add Premium Indian Restaurant to Hell’s Kitchen Mixed-UseTaconic Partners and National Real Estate Advisors have signed a lease with Samudhra at The Ellery, a luxury mixed-use residential development at 312 W. 43rd St. in Hell’s Kitchen.
Representative imageStout NYC to Open 13,900 SF Restaurant in Manhattan’s NoMad DistrictNEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations.
Chipotle, Starbucks to Open at Pullman Gateway ComplexPullman Gateway has achieved full occupancy, completing the transformation of a long-vacant property into a mixed-use destination developed and fully leased in just over two years.
Motek Founders Sign NoMad Lease For New Offshoot RestaurantHappy Corner Hospitality has signed a lease in Manhattan’s NoMad neighborhood for an offshoot of their Motek concept.
Panera Signs 102K SF Lease To Move HQ To Weston: The Boston Deal SheetPanera plans to relocate its headquarters from St. Louis to Greater Boston, continuing its strategic growth.
Representative imageNew York City’s First El Pollo Loco Coming to Jackson Heights in QueensWhy did the chicken cross the continent? To get to new customers on the other side. Popular fast-casual grilled chicken restaurant El Pollo Loco has signed a lease to open its first-ever East Coast location in New York City, Commercial Observer has learned.
Mezcali Founders to Open New Fusion Concept in Financial DistrictThe restaurateurs behind Mexican restaurant Mezcali and American tavern the Malt House have signed a lease for a new food concept in Manhattan’s Financial District.
Representative imageIsland Grill to Open New Restaurant in Houston’s River Oaks NeighborhoodHOUSTON — Island Grill American Mediterranean, a Houston-based, family-owned concept, will open a new restaurant at 2810 Westheimer Road in the city’s River Oaks neighborhood.
KLNB Represents Chinese Restaurant Concept in National Harbor LeaseKLNB announced that restaurant brand Nan Xiang Xiao Long Bao has opened its new location at 180 American Way in National Harbor.
Denver Wants To Make It Easier To Open A RestaurantRestaurant openings are on the rise across the nation, and Denver wants to help more restaurateurs launch locations in the Mile High City. The Denver Permitting Office outlined new initiatives to ease the permitting process and requirements for restaurants...
Barolo Restaurant Group Inks Deal to Open Italian Eatery in Times SquareItalian restaurant operator Barolo Restaurant Group plans to open its third New York City restaurant, Barolo West, at 250 West 49th Street in Times Square. The company took 2,500 square feet of space at the newly developed 29-story property in Midtown.
Dim Sum Restaurant Breeze to Open at 590 Fulton Street in Downtown BrooklynPopular Sichuan and dim sum restaurant Breeze is set to open a second Brooklyn location this fall.
High Leverage Drives Bankruptcies in U.S. Gaming, Leisure, Lodging and Restaurant SectorRecent bankruptcies in the U.S. gaming, leisure, lodging, and restaurant (GLLR) sector reflect elevated leverage, higher borrowing costs, persistent cost inflation and softer discretionary consumer spending, Fitch Ratings reported.