In the first quarter, the chain’s net income rose 22 percent, according to a company quarterly report. The Calabasas Hills, Calif.-based chain’s interest in University Town Center and on expanding nationally comes as economic recovery throughout the U.S. The Cheesecake Factory’s restaurants, too, are normally limited to exclusive shopping areas, upscale malls or urban centers with significant populations.
By comparison, an average 350-seat restaurant will measure about 4,000 square feet to 5,000 square feet. The restaurant, known for its expansive menu offerings and decadent cheesecake desserts, typically builds elaborate 10,000-square-foot to 12,000-square-foot restaurants. The Cheesecake Factory operates restaurants at both of those Taubman-owned malls. University Town Center, one of very few enclosed malls being built in the country, is expected to offer a blend of regional and national luxury chain retailers, similar to the tenant mix in Tampa’s International Plaza and Orlando’s Mall at Millenia. Rowe said that the publicly traded company plans to open 10 new restaurants nationwide this year. “The restaurant development team is always on the lookout for A-1 sites to further grow our Cheesecake Factory brand presence, and all sites that fit our criteria for success will be seriously considered,” said Alethea Rowe, a spokeswoman for the chain. The Cheesecake Factory also declined to provide specifics on any Southwest Florida restaurants.
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