Wednesday, August 11, 2010
Rio Nuevo opening on North Point Parkway
Rio Nuevo is currently in the process of building-out the former Famous Dave's BBQ building across from North Point Mall in Alpharetta.
There has been a tremendous amount of activity along this corridor recently with SteinMart, Buy Buy Baby, Bed Bath & Beyond, and Panera Bread all having a new location on North Point Pkwy. In the past year, AT&T re-developed the 7,075 SF Smokey Bones building, Woody's Bar-B-Q converted the 4,022 SF Pizza Hut building, and Total Wine leased the 20,356 SF CompUSA building. In this economy, expendable income is extremely attractive to concepts looking to grow...as is the idea of "safety in numbers". With Household Incomes over $100,000 in a 3-mile radius and solid national anchors such as Target, Toys R Us, and Dick's Sporting Goods being here, it's no surprise that Rio Nuevo chose this site as their 1st location in Georgia.
Rio Nuevo will be 6,201 square feet, have a covered patio fronting North Point Parkway, and be the one and only full-service Mexican Cantina in the trade area. They are hoping to be open in the Fall.