Over the last few days, 8 of the 12 Minnesota Ruby Tuesday restaurants have closed, as has 1 of the 2 Fargo stores. The remaining stores are in Inver Grove, Shakopee, Rosedale and Southdale.
As the Site Selection Broker for 9 of the 12 Ruby Tuesday restaurants in Minnesota, I find it interesting that high profile properties like Plymouth and Eden Prairie were shuttered while two properties in smaller, less dense, suburban-fringe markets where Ruby Tuesday was the only ‘player’ remain open.
The race for space is on, as every piece of decent retail/restaurant real estate that comes available will have multiple interested parties. Stay tuned!