Wednesday, November 23, 2016

Work in old Ruby Tuesday space, developer says restaurant coming: my guess is Red Lobster


Looks like we are finally getting something into the empty space where Ruby Tuesday was. A reader tweeted me that some work was happening inside, and a few days later another reader emailed that they had called the developer, Rappaport, who said it was a restaurant, but declined to say which one. Apparently they are waiting to reveal it to another blogger.

It's good news that there's something finally coming -- Ruby Tuesday was ok but didn't get many people, so I hope the next place does. I would assume this has to be a major chain, something like a "national, S+P rated tenant" which is something many lenders require -- which is also the reason we got a 7-Eleven at 14th and Spring, the bank required one of those kinds of tenants rather than a local business.

Here's some of those tenants, and another biggest list of those rated tenants, a lot of which will look familiar from DCUSA and the area: IHOP, Chipotle, Panera and the closed Applebee's. Other restaurants on the first list that might be similar to Applebee's would be Red Lobster and Cracker Barrel, while the second list includes Joe's Crab Shack, Outback Steakhouse, PF Chang's, Chili's, Applebee's, Benihana, and so on.

As you may remember, the space across 14th Street was supposed to be a TGI Friday's, which never ended up happening. Here's the whole saga from that.

Any chain restaurant you'd like to see in this space? My guess is it's going to be a Red Lobster.

3 comments:

Jon said...

Well, that's better than vacant, but not exciting.

Anonymous said...

Eh, not excited. Why can't we promote a local business? Maybe Brianne Nadeu could pass a tax credit or other incentive to help back up the bank loans if the owner signs a local business? The council has no problem paying kids not to commit crimes -- why not help with business development?

Anonymous said...

Signs went up that they are hiring. Jenkins Capital BBQ.