Ruth's Chris Steak House

[stageidea]

I am just curious but it seems I remember there being talk of a Ruth's Chris Steak House being put in at 61st and Yale.  Has anyone heard if this deal is dead or just slowly progressing?

I could certainly see it being put on hold due to the current economy but I would still enjoy seeing added to our selection of restaurants in Tulsa.

[perspicuity85]

It's definitely going to be built, although I'm unsure of the location.  The Rogers, AR location was built contingent on the franchisee opening locations in Tulsa and Little Rock.  Ruth's Chris requires franchisees to open 3 locations at a time (relative).  The Rogers location was likely opened first due to the relative ease of market leadership (there aren't many steakhouses in Rogers/Bentonville that can rival Ruth's Chris, at least according to the target demographic).  Little Rock and Tulsa require a little bit more market research.  The economy might certainly be delaying the project-- Ruth's Chris does well when discretionary spending is high.

[LeGenDz]

Looks like the Ruth's Chris commercials have started. I've seen two commercials randomly on tv already. You know what that means 

[sgrizzle]

Looks like the Ruth's Chris commercials have started. I've seen two commercials randomly on tv already. You know what that means 

It's not going in at 61st and Yale though.

[Townsend]

It's not going in at 61st and Yale though.

I called corporate and they were unable to locate any information about a coming location for Tulsa.

I've got a message in with franchising.  I've got that kind of nosiness.  I'll post if I hear anything.

[Conan71]

I thought the last rumor was across from BOK in the new development there.

[Townsend]

I thought the last rumor was across from BOK in the new development there.

That's what I heard as well.

[Teatownclown]

I wouldn't doubt that RC heard there were already way too many existing restaurants downtown and there are still a bunch to come.

[Hoss]

I wouldn't doubt that RC heard there were already way too many existing restaurants downtown and there are still a bunch to come.

And yet there's no development down there...hmmm.

[Teatownclown]

And yet there's no development down there...hmmm.

Scattered development with a lot of future vacancies and banksters chasing down the guarantors of bad loans.

[BKDotCom]

Scattered development with a lot of future vacancies and banksters chasing down the guarantors of bad loans.

what a ray of sunshine

[JoeMommaBlake]

Quote from: Teatownclown on Today at 02:23:57 pm
Scattered development with a lot of future vacancies and banksters chasing down the guarantors of bad loans.

Let's play a forum game. Let's make a list of restaurants and retailers that have gone out of business in the 71st Street corridor in the last 10 years. Then we'll make a short list of the downtown restaurants and retailers that have gone out.


I'll get us started.

Chili's
Tony Roma's (and whatever came in after it)
Jazmo's
Grandy's (and whatever came in after it)
Lonestar Steakhouse
Elephant Bar
Ruby Tuesday
I can't even remember the names of several of them. I'll count on our well informed army to fill in the gaps.

Most of those are large national chains that didn't make it in your version of downtown....71st Street.

Meanwhile, in downtown, we've consistently turned empty buildings into revenue generating, Tulsan employing companies. My rough guess is that in the last 10 years in downtown we've added restaurants and retailers that do 30+ million dollars in sales and employ somewhere north of 1200 Tulsans. By the end of this year, Elliot and I alone will have 500 plus employees. Our companies in and around downtown will combine for nearly 20 million in sales.

Though we keep adding restaurants, sales in our current establishments continue to increase. Read that again. We're not cannibalizing ourselves. More and more people are coming downtown. Downtown's not a joke. It's not going anywhere, and the companies choosing to do business there are loving it. Downtown Tulsa is the fastest growing neighborhood in our city. We've added hundreds of new residential dwellings in the last few years alone with hundreds more planned and in development.

I can't help but wonder when these types of comments will finally wear out. How many success stories do we need to see in downtown before we believe that it's not a passing fancy?

[Teatownclown]

Let's play a forum game. Let's make a list of restaurants and retailers that have gone out of business in the 71st Street corridor in the last 10 years. Then we'll make a short list of the downtown restaurants and retailers that have gone out.


I'll get us started.

Chili's
Tony Roma's (and whatever came in after it)
Jazmo's
Grandy's (and whatever came in after it)
Lonestar Steakhouse
Elephant Bar
Ruby Tuesday
I can't even remember the names of several of them. I'll count on our well informed army to fill in the gaps.

Most of those are large national chains that didn't make it in your version of downtown....71st Street.

Meanwhile, in downtown, we've consistently turned empty buildings into revenue generating, Tulsan employing companies. My rough guess is that in the last 10 years in downtown we've added restaurants and retailers that do 30+ million dollars in sales and employ somewhere north of 1200 Tulsans. By the end of this year, Elliot and I alone will have 500 plus employees. Our companies in and around downtown will combine for nearly 20 million in sales.

Though we keep adding restaurants, sales in our current establishments continue to increase. Read that again. We're not cannibalizing ourselves. More and more people are coming downtown. Downtown's not a joke. It's not going anywhere, and the companies choosing to do business there are loving it. Downtown Tulsa is the fastest growing neighborhood in our city. We've added hundreds of new residential dwellings in the last few years alone with hundreds more planned and in development.

I can't help but wonder when these types of comments will finally wear out. How many success stories do we need to see in downtown before we believe that it's not a passing fancy?

Nobody said Downtown's a joke, but government subsidization of real estate development is not capitalism.

Sales in the 71st street area are gargantuan...twenty times what downtown contributes to the tax base and all achieved through private enterprise.

I am glad you and Elliots investors have so many employees.

You da man...just leave my tax contributions for higher priorities...

[Red Arrow]

By the end of this year, Elliot and I alone will have 500 plus employees.

I am favorably impressed (no sarcasm, I mean it).  I would not have guessed anywhere near that high.

[Teatownclown]

Councilor, there will be plenty of churning in downtown restaurants. There is not the constant traffic necessary for sales to justify rents with all that is currently planned.

No way could I be confident like you knowing there will soon be 4 or 5 rib joints in the area....