IPA Texas is a market leader for apartment brokerage services throughout Texas, whether you are buying or selling. Click here for our most recent 2014 Forecast for the Texas apartment markets, including DFW, Houston, Austin and San Antonio. Click here to view our inventory throughout Texas! Fast-casual Asian food concept Mama Fu's is looking expand dramatically. To figure out where it's going, you need to know the secret phrase. ![]() Mama Fu CEO Randy Murphy (between chairman Mark Adams and COO Steve McManus) coined the phrase “one off the end cap” term to describe how it's looking at leasing. The restaurant had been searching for end cap 3,000 SF spaces in strong retail centers, but those are hard to find because of significant growth in fast casual dining, he says. Plus, about 50% of their customers prefer take-out or delivery, so it made sense to look at a smaller footprint (about 1,500 SF) and eliminate much of the dining space. The new smaller concept will be tagged Mama Fu's Take Out and Delivery. ![]() Randy says there's plenty of 1,500 SF spaces available just one off the end-cap. Those bring "lower cost per/SF at build-out and we're able to keep that visibility and name recognition, especially in new markets." (Plus our child sources reveal that first is the worst, and second is the best. And third is usually a spa that waxes hairy chests.) He tells us the first opening will be Austin in mid-March in the HEB North Hills project at Braker Lane and Jollyville. The second will follow in Rochester, Minn., in April. The new concept will feature only fast-casual dining, which reduces utility and labor costs, too. ![]() Mama Fu's opened seven franchises last year, and Randy is looking to maintain that pace. The restaurants are about a 50/50 split between franchise and corporate stores, which are spread mostly across Texas, but also in Florida and North Carolina. On the radar: the Midwest, with at least 10 more corporate stores opening around the greater Austin area and many more in Texas and its neighbors. |
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San Antonio Botanical Garden
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Lone Star Court Opens |
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Valencia Group's new hotel in Austin's The Domain is open. Sales manager Katelyn Martin showed us around Lone Star Court, including the lovely Water Trough Restaurant pictured here. The 123-key property has a retro/rustic Americana feel and is oh-so-Austin, down to the food trucks that'll set up on the property. (One is owned and operated by Valencia Group, and the other offering will rotate.) |
Katelyn hopes the real draw will be the outdoor courtyard area (under construction when we stopped by earlier this month) with a 1,600 SF covered pavilion, and campfire area. The idea is to get residents having fun out of their rooms. (Better than starting fires in their rooms.) Three buildings of guest rooms are already open; the final one opens any day now. RTKL Associates is lead architect, and Lauren Rottet and Christy Ten Eyck round out the design team. |
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