Wednesday, October 22, 2008

MRI Construction to launch development in Orlando

MRI Construction to launch development in Orlando

MRI Construction is about to launch its first ever development stateside. The company will imminently announce its latest project, a large-scale international holiday resort in Orlando, Florida.

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This project marks the next phase of its planned growth toward becoming a truly global property developer.

Designed specifically for investors looking to own a second home in the “tourism capital of the world”, this new project will offer properties to an extremely high standard, designed for holiday use and for rental through MRI’s own on-site management company.

While details are still under wraps, Paul O’Mahony, Managing Director of MRI Construction, said: “I can reveal that the development is somewhat different from what has come before from MRI, for reasons that will become obvious when we launch it.”

“There will be a tempting opening offer for current clients of the company,” he added.

Tuesday, October 14, 2008

Disney's new dinosaur-themed restaurant opens today

New T-Rex restaurant at Downtown Disney

T-Rex is the kind of restaurant where parents might encourage their children to go dig in the dirt before dinner.

"It's nice dirt. It's clean dirt," said Keith Beitler, Landry's Restaurants' senior vice president and chief operating officer for specialty restaurants. "It's Disney dirt."

T-Rex is a big, brash dinosaur-themed restaurant that opens today at Downtown Disney with seating for more than 620, a couple of dozen life-size robotic dinosaurs and real fossils encased in the bathroom walls. Dishes include mushroom ravioli simmering in lobster cream sauce, with Roma tomatoes and fresh spinach.

Collaborators Landry's Restaurants, Schussler Creative and Walt Disney Imagineering, the team that brought Rainforest Cafe to Walt Disney World, aimed at going way beyond that themed restaurant, to create a more interactive mix of décor, show, dining and educational flourishes that Beitler called "eattainment."

Beginning with a children's fossil-dig pit -- where an entire set of replica T-Rex bones is buried -- the restaurant combines activities, prehistoric-themed shows of light, sound and robotic creatures, and American cuisine.

"When you build the Rainforest Cafe, and we did 45 in seven years, and you do Yak & Yeti, the expectations are pretty high," said Steven Schussler, whose company developed the T-Rex concept, just as it did concepts for Landry's Rainforest Cafe chain and Disney's Yak & Yeti restaurant. "People want to know: How do you outdo yourself? How do you make it even better? We tried -- we really tried -- to go over the top."

Expectations are indeed high. The Disney T-Rex occupies a front-and-center spot at Downtown Disney, and is Disney's first big new development in its plans for a new, more family-oriented dining, shopping and entertainment area. Just last month, Disney closed six Pleasure Island nightclubs, and their more-family-oriented replacements will be up to two years away, increasing an already-apparent deficit of dining space.

"T-Rex adds some of the needed seat capacity that we are so lacking down here at this point," said Downtown Disney Vice President Kevin Lansberry. "Plus it's unique . . . highly differentiated, interactive for kids, and it fills an almost attractionlike concept as well as a dining concept."

With T-Rex, open for lunch and dinner, and with prospects for breakfast parties, Beitler hopes it can serve 2,500 to 3,000 diners a day -- as many as 1 million per year.

Landry's, which operates 31 restaurant concepts including Landry's Seafood House, and The Chart House, adapted much of the menu from its other properties, tweaking them for prehistoric flair, Beitler said. Entrées include salads, soups, meat dishes such as the Mega Mes-O-Bones ribs, pastas, seafood and sandwiches. They run from $11.99 (for an 8-ounce Bronto Burger) to $29.99 (Triceratop filet.)

"We took everything we had, and put it around the theme of the restaurant," Beitler said. "We also understand that we are feeding middle America, and we're feeding overseas. We've got to do who we are. We've got to do American cuisine, with a prehistoric flair."

There's also a full-service bar (the Shark Bar) featuring $9.99 T-Rita Cotton Tinis, and a large gift shop that features a Build-A-Dino enterprise created by Build-A-Bear Workshop, where people can put together custom-made plush toys, starting at $15.

Schussler said the restaurant was designed so that first impressions would be "wow!" The outside decor features an exact life-size replica of a 140-foot long Argentinosaurus.

Inside the front door, visitors find a panorama of the Shark Bar with its glowing glass bar, 5,000-gallon shark tank and giant, robotic octopus; a life-size, robotic, tyrannosaurus rex; themed dining areas such as the Geo-Tech Room with its flaming walls; and Ice Cave with its glowing walls.

"Obviously, people come for the 'wow' factor, but they'll come back for quality food and service that Landry's provides," Schussler said. "Without that they wouldn't be coming back."

Downtown Disney's new restaurant appeals to the 'wow' factor

600 Employees

30,000 Square feet in size

620 Seats

$11.95 to $29.95 Entrée prices

$9.99 Cotton-candy

"Cotton-Tini" cocktail

7,000 Gallons of aquariums

140 Species of fish

-- Source: Schussler Creative

Wednesday, October 8, 2008

Good news: pending home sales rose 7.4% from July to August

Pending home sales show surprise rise
The National Association of Realtors says pending home sales increased

WASHINGTON (AP) -- The National Association of Realtors says pending home sales rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market.

The group said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.

Wall Street economists surveyed by Thomson/IFR had predicted the index would fall to 84.9.

The index, which sunk to a record low of 83 in March, stood at 85.8 in August 2007.

Wednesday, October 1, 2008

Domestic travel down, international up at OIA

Orlando International Airport has reported that its domestic passenger traffic declined 7.9 percent in August, but international traffic jumped 16 percent.

The airport recorded 2.975 million passengers during August, an overall 6.3 percent drop from the month before and the first time this year that passenger traffic fell below the three million mark. Poor economic conditions and airline service cuts were blamed for the decline.

During August, OIA registered 2.79 million domestic travelers, bringing the year’s total to nearly 23.6 million — a 0.29 increase over last year. There were 239,044 international travelers in August, bringing the year’s total to more than 1.87 million passengers, up 21.1 percent over last year.

The total number of passengers through August was 25.4 million, a 1.58 percent increase over the same period last year.