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Chipotle boosts growth target on strong 2021 sales

Chipotle Mexican Grill has raised its growth target for units in North America to 7,000, up from the 6,000 it projected last year, after reporting a 2021 same-store sales increase of 19.3%. The company currently operates 2,950 locations and plans to open as many as

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ALDI planning Gulf Coast expansion this year

ALDI, which has opened more than 1,000 US stores in the past decade, is planning an additional 150 new locations this year, including its first foray into Louisiana, where a site in Lafayette is set to open this week. ALDI will also open two more

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$50M project to transform Brooklyn’s MetroTech Center

Brookfield Properties is planning to revamp office buildings and enhance a public park as part of its rebranding of the former MetroTech Center in New York City’s Brooklyn borough. The $50 million Brooklyn Commons project will include new lobbies, terraces and retail space in three

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Checkers and Rally’s gear up for franchise growth

Sibling drive-thru concepts Checkers and Rally’s look to grow by upwards of 60 new units this year after new and existing franchisees committed to opening 90 new locations around the country. The company, which currently has about 850 restaurants, reported sales growth of 3.8% in

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Mixed-use development underway in Austin, Texas

Construction has begun on a 156-acre mixed-use development in northwest Austin, Texas, near Apple‘s new $1 billion campus. Inspire Development‘s Pearson Ranch will offer hotels, offices and retail space as well as housing and parks with a sustainability theme designed to serve Austin’s growing tech

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