Friday, August 10, 2007

Northshore Mall

There is a lot of construction and renovation currently going on at the Northshore Mall in Peabody. Two new restaurants are going in there, though they are chains. The Salem News had a detailed article about these new restaurants, as well as the cost of a liquor license.

First, The Cheesecake Factory will open around October 18. They bought a liquor license for $135,000, which is the highest price ever paid in Peabody for such. Peabody has no unsold licenses available, which sell for $2200. So, any new restaurant has to buy the license from someone who already possesses one, and the market can be quite expensive. The last license sold in Peabody only garnered $80,000.

Second, P.F. Changs will also be opening at the Mall though the date is unknown right now. They too are seeking a liquor license.

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