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Ed Ruping/ The Chronicle

By Adam Rhodes | May 21, 2014

Some big-name brands are coming to Oviedo, and development is going full steam ahead on a BJ's Restaurant and Brewhouse and a Moe's Southwest Grill/Dunkin' Donuts duplex.

The BJ's Restaurant and Brewhouse is set to be completed in July of this year, said David Weaver, the superintendent of the construction project. The new BJ's Restaurant and Brewhouse on Mitchell Hammock Road near Target and the Oviedo Mall is also making some headway in its construction, and no known issues have arisen yet, said Scott Brooke, an engineering inspector for Seminole County.

Brooke confirmed that a site permit was given on Feb. 18 for the project and work began a week or so after that.

"It was previously a Borders Bookstore, but they razed the building and are now building on top of it," said Cynthia Sweet, a senior planner for Seminole County.

The 7,363-square-foot restaurant is expecting to seat roughly 201 patrons, Sweet said.

BJ's Restaurant and Brewhouse serves a wide variety of foods, such as pizza, salads, pastas and burgers. BJ's also has other locations in Kissimmee, Daytona and at the Mall at Millenia.

Link:
Restaurant projects progress in Oviedo

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McDonald's on Main Street plans to expand drive-through area, renovate building

With the onset of spring, the restaurant industry finally has something to cheer about after a dismal run last quarter. People are now more than willing to leave the confines of their homes and spend on dining out. Though the cautious spending mindset of consumers persists overall, the restaurant industry can breathe a sigh of relief in view of this encouraging trend. Leaving behind the woes of last year and the inclement weather in Jan and Feb 2014, the U.S. restaurant industry began the second quarter of the year on a rather positive note.

According to Black Box Intelligence and People Report, the restaurant industry reported positive same-store sales in the months of March and April, a relief from the negative comps seen since Nov 2013. Comps increased 0.7% and 0.6% in March and April, respectively, owing to improved weather.

Moreover, improving Restaurant Performance Index and the Current Situation Index reflect accelerated economic expansion and underlying strength in the industry. The strength in the U.S. restaurant industry is backed by pent-up demand from consumers to live and eat well.

Going forward, we expect the outlook for the restaurant industry to get better driven by innate fundamental strengths, reflecting an improving economic backdrop. Statistics bear out this relatively favorable environment. Restaurant-and-foodservice sales are anticipated to be $683.4 billion in 2014, up 3.6% year over year, as per the National Restaurant Association. In real terms, this will mark the fifth consecutive year of growth in restaurant sales.

However, the industry has its share of challenges, the most concerning being the rise in food costs. Food costs were up 0.4% in April, the fourth straight month of increase. Moreover, meat prices increased 8.4% in April this year. These factors indicate that inflation may be creeping up.

The overall economic environment is improving. However, the year-over-year decline in guest count remains a concern. Though up sequentially, same-store traffic for the month of April declined 1.1% year over year. As per media reports, the industry has yet to achieve an improving same-store guest count since the end of the recession.

Meanwhile, the industry is dependent on broad macroeconomic factors, with dining out being a largely discretionary activity. The economic climate largely influences restaurant choices for customers. The Consumer Confidence Index declined sequentially in Apr 2014 as consumers deemed current business and labor market conditions less favorable. Further, we believe issues related to "Obamacare," volatility in housing data and fuel prices and excess supply may continue to cast shadows on the long-term picture.

OPPORTUNITIES

Domestic and International Unit Expansion

After emerging from a lackluster economy that lasted for three years, most of the companies had stepped up their pace of restaurant openings. Not content with domestic expansion alone, the companies were looking to test waters as well as developing taste buds in foreign shores. Restaurateurs are primarily concentrating on emerging markets that provide ample opportunities for expansion.

Go here to read the rest:
Costs Taking a Bite Out of Restaurant Stocks - Zacks Analyst Interviews

With the onset of spring, the restaurant industry finally has something to cheer about after a dismal run last quarter. People are now more than willing to leave the confines of their homes and spend on dining out. Though the cautious spending mindset of consumers persists overall, the restaurant industry can breathe a sigh of relief in view of this encouraging trend. Leaving behind the woes of last year and the inclement weather in Jan and Feb 2014, the U.S. restaurant industry began the second quarter of the year on a rather positive note.

According to Black Box Intelligence and People Report, the restaurant industry reported positive same-store sales in the months of March and April, a relief from the negative comps seen since Nov 2013. Comps increased 0.7% and 0.6% in March and April, respectively, owing to improved weather.

Moreover, improving Restaurant Performance Index and the Current Situation Index reflect accelerated economic expansion and underlying strength in the industry. The strength in the U.S. restaurant industry is backed by pent-up demand from consumers to live and eat well.

Going forward, we expect the outlook for the restaurant industry to get better driven by innate fundamental strengths, reflecting an improving economic backdrop. Statistics bear out this relatively favorable environment. Restaurant-and-foodservice sales are anticipated to be $683.4 billion in 2014, up 3.6% year over year, as per the National Restaurant Association. In real terms, this will mark the fifth consecutive year of growth in restaurant sales.

However, the industry has its share of challenges, the most concerning being the rise in food costs. Food costs were up 0.4% in April, the fourth straight month of increase. Moreover, meat prices increased 8.4% in April this year. These factors indicate that inflation may be creeping up.

The overall economic environment is improving. However, the year-over-year decline in guest count remains a concern. Though up sequentially, same-store traffic for the month of April declined 1.1% year over year. As per media reports, the industry has yet to achieve an improving same-store guest count since the end of the recession.

Meanwhile, the industry is dependent on broad macroeconomic factors, with dining out being a largely discretionary activity. The economic climate largely influences restaurant choices for customers. The Consumer Confidence Index declined sequentially in Apr 2014 as consumers deemed current business and labor market conditions less favorable. Further, we believe issues related to "Obamacare," volatility in housing data and fuel prices and excess supply may continue to cast shadows on the long-term picture.

OPPORTUNITIES

Domestic and International Unit Expansion

After emerging from a lackluster economy that lasted for three years, most of the companies had stepped up their pace of restaurant openings. Not content with domestic expansion alone, the companies were looking to test waters as well as developing taste buds in foreign shores. Restaurateurs are primarily concentrating on emerging markets that provide ample opportunities for expansion.

Read this article:
Costs Taking a Bite Out of Restaurant Stocks - Industry Outlook

PUTRAJAYA, May 22 (Bernama)-- Golden Arches Restaurants Sdn Bhd, the operator of the McDonald's chain in Malaysia, plans to open a new outlet in Putrajaya by year-end, at an investment of RM17.5 million.

Managing Director Stephen Chew said the restaurant is part of the company's growth plan of having 500 restaurants by 2020.

The construction of the restaurant with a built-up area of 30,000 sq ft is expected to be completed within four months of approval of the building plan by the Putrajaya Corporation.

"The RM17.5 million just for this restaurant involves acquiring the land to develop the building and infrastructure," Chew said this before Golden Arches Restaurant signed an agreement with Putrajaya Holdings for the disposal of part of Plot 2M1 in Precinct 2, here for the latest McDonald's restaurant Thursday.

On the company's growth, he said Golden Arches Restaurant had allocated an investment of more than RM185 million per annum for building more than 20 new restaurants, refurbishment and remodeling of existing ones and to growing the number of McCafes market wide.

He said to date, there are close to 270 McDonald's restaurants across Malaysia, serving more than 13.5 million customers monthly.

The pioneer McDonald's restaurant began operations in Jalan Bukit Bintang in Kuala Lumpur in 1982.

-- BERNAMA

Continued here:
Golden Arches To Invest RM17.5 Million In New Mcdonald's Restaurant At Putrajaya

A restaurant chain already established in the Lehigh Valley is opening a second site in South Whitehall.

Moe's Southwest Grill will be located at the Tilghman Square Shopping Center.

South Whitehall commissioners granted preliminary/final approval on Wednesday to the land development plan for the 34-acre shopping destination at 4650 Broadway in order to accept Moe's as the latest tenant there.

Yogesh Patel, owner of the Moe's at 3211 Schoenersville Road, Bethlehem, said he hopes to have the 4,100 square foot establishment open in time for the holiday season after five to six months of construction.

Moe's will join Staples and AMC Theaters as anchor tenants at the establishment, along with Red Robin, Planet Fitness and Univest Bank. The shopping center is owned by Larken Associates, Hillsborough, N.J.

The restaurant/caterer is likely the last piece of the puzzle at the center, located across from St. Luke's West End Medical Center.

"It's pretty-much maxed-out," Ana Martins, project manager for Van Cleef Engineering Associates, said of Tilghman Square.

All permits are in-hand to proceed with construction, she said.

Moe's isn't stopping there, however. Patel said he will be opening yet another establishment in either Easton or across the state line in Phillipsburg, N.J.

"That's definite," he said.

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Moe's Southwest Grill heading to South Whitehall

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TACOMA, Wash. Ever since Mount St. Helens' cataclysmic eruption 34 years ago this month, scientists have been tracking the volcano's explosive energy to better understand how Washington's most active volcano works.

This summer, the scientists will be the ones setting off the explosions.

Using techniques developed by the oil industry, researchers are preparing to set off explosive charges buried in two dozen 80-foot-deep wells drilled around the mountain. They'll record the seismic energy of the explosions on thousands of portable seismometers placed by an army of volunteers traveling by car, on foot and on horseback.

Their goal is to see with greater clarity the details of how molten rock, or magma, makes its way to St. Helens' crater from the area where tectonic plates collide and the magma is created, some 60 miles beneath the surface.

"We've been looking at what's beneath the volcano through very fuzzy glasses," said Seth Moran, a seismicity expert with the U.S. Geological Survey's Cascade Volcano Observatory in Vancouver, Washington. "This still won't give us anything like 20/20 vision, but it should make things quite a bit clearer."

The explosive experiments, or "active imaging events," scheduled for this summer are one part of a battery of multidisciplinary imaging experiments collectively called iMUSH for "Imaging Magma Under St. Helens." Together, they constitute what researchers say is the one of the most complete and ambitious series of imaging experiments ever conducted on any volcano in the world.

The $3 million project, funded mostly by the National Science Foundation, is headed by Kenneth Creager, a University of Washington professor of earth and space sciences.

The explosive research, which will use about $1 million of the total, is being conducted by a research team from Rice University, headed by earth science professor Alan Levander.

Along with UW, Rice and the USGS, participants include teams of researchers at Oregon State University in Corvallis, the Lamont-Doherty Earth Observatory at Columbia University in New York and Eidgenoessische Technische Hochschule of Zurich.

In addition to the explosive testing, specialists in other disciplines are preparing for experiments using enhanced receptors for naturally occurring seismic activity. They'll also examine the magnetic and electrical properties of rock deep beneath the volcano, which scientists say is a useful guide to identifying magma.

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Looking beneath Mount St. Helens

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