Denver Business Journal | E-470 seeks to add retail to highway’s unused toll plazas

01a.e4701 900The E-470 Public Highway Authority is looking into converting its vacant toll plazas into retail businesses such as gas stations, restaurants and convenience stores.

Until June 2009, drivers stopped and paid their tolls at the plazas as they drove along the 47-mile route that arcs around the east side of metro Denver.

But then the tollway converted to a cashless, electronic tolling system, and the five toll plazas have been standing empty ever since.

The authority plans to issue an RFP to develop the plazas in the first quarter of 2013.

Read more:  http://www.bizjournals.com/denver/print-edition/2012/12/07/e-470-seeks-to-add-retail-to-highways.html?s=image_gallery
Re-posted by:  Crosbie Real Estate Group
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QSR Magazine | Wendy’s: It’s Time to Compete with Fast Casuals

Wendy’s president and CEO Emil J. Brolick unveiled in the company’s fourth-quarter earnings call yesterday a new recipe to “take the brand where we need it to be,” and said reviving the iconic brand will require competing with upstart fast-casual brands.

While Wendy’s North American company-operated same-store sales increased 5.1 percent in the fourth quarter, Brolick said the company faces stiff headwinds from both convenience stores and what he called the “new [quick serves].”

He said restaurants such as Chipotle Mexican Grill, Five Guys Burgers and Fries, and Panera Bread have grown at a compounded rate of 6.7 percent over the past five years and, not including the breakfast daypart, “have gained virtually all the share, or accounted for all the growth” in the quick-serve segment during the last five years.

Read more: http://www.qsrmagazine.com/news/wendys-its-time-compete-fast-casuals
Re-posted by: Crosbie Real Estate Group