Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/448937
urban lifestyle centers where these concepts fit in, contribute to the com- munity and deliver a good return on investment, says Patrick Colombo, pres- ident and CEO of Restaurant Works. The company is currently building a second Princi Italia, in Atlanta, and a third is under way too, in Plano, Texas. "For Princi, we plan to open these two new locations and then see if they can travel," he said. "We know Crú works — we've proven it in a number of markets. And we believe we can be successful if we continue to find the right projects." Crú site-selection criteria call for 1,400 to 2,100 square feet of space and for co-tenants that cater to the chain's main demographic: women between 25 and 55. "We look for other great restau- rants, a high density of women's fashion retailers like Lululemon Athletica, Ba- nana Republic and Kendra Scott, as well as movie theaters, bowling alleys and grocery anchors such as Whole Foods or Central Market," Colombo said. Currently, Restaurant Works has three Crú locations slated for 2016: in Lexington, Ky.; outside Nashville, Tenn.; and in Sunset, Fla. All these are new markets, and Colombo says the company will see how those first units fare before venturing any further into those particular cities. Crú is well poised for growth, Hallow says. "There have actually been more- traditional casual-dining restaurants that have since added small plates to their menus, because they're seeing more peo- ple jump onto this snacking trend and maybe not visiting their restaurants for a full meal," she said. "As long as people continue with this snacking trend, con- cepts like Crú that offer small plates definitely have the option to grow. It's all part of the third-place concept." The Crú atmosphere is appealing to a diverse range of diners, tastes and uses, says Colombo. "People can come in jeans or in a sports jacket, and they can come for a glass of wine and an appe- tizer or for a three-course meal," he said. "People can meet there for an interview, or charge [up] their computer and work. We give them a lot of opportunities to use us for multiple reasons, and that's why we see a lot of the same customers return more than one time per week. We have so many wines by the glass and by the flight, so it allows guests to try new things on a continual basis that's always evolving." S C T For leasing, contact Patrick Colombo, p r e s i d e n t a n d C E O o f R e s t a u r a n t W o r k s , a t ( 2 1 4 ) 8 8 0 - 9 6 7 5 o r info@restaurantworks.com. Tract 1 Tract 2 Tract 3 I-44 SR 66 1.66± 4.20± 38.67± 11.85± 56.31± www. birdsongauction.com 800-223-4157 BANK ORDERED Call for more information Of ered in 3 Tracts from 11 to 56 acres Partially Developed Several Lots Ready to Build • Commercial, Multi & Single Family Residential • 112± Total Acres • Adjacent to WalMart Supercenter and Lowe's • Great Access from multiple streets • 1,600 ft. Frontage on I-44 with great visibility • $2,000,000 invested in street and entrance • Ample utilities for almost any use PRE-AUCTION OFFERS ACCEPTED AUCTION Generous Tax Incentives Available to the Right Developer! Thursday, February 26 Claremore, OK Tulsa Area Exceptional Development Opportunity CALL TODAY 22 S C T / F e b r u a r y 2 0 1 5 r e T a i l i n g T o d a y