Home | Food | Deal in works to buy Lawrence’s Restaurant Row building

Deal in works to buy Lawrence’s Restaurant Row building

By
Share with a friend on:    
Font size: Decrease font Enlarge font
Deal in works to buy Lawrence’s Restaurant Row building

A former air traffic controller has plans to buy a property in downtown’s Restaurant Row that is owned by former 4th Ward Alderman Rick Lawrence.

The property, at 41 W. New York St., has been for sale for 2-1/2 years. The potential buyer, West Side resident Gary Riggle, said he plans to redevelop the space into a tavern.

“I have a deposit and I’m pretty confident that it will go through,” Lawrence said.

Riggle said Friday a deal to purchase the property has not been finalized, but he plans to develop a “typical American tavern” at the Row spot. Under his plan, the two-floor tavern would have seating for about 100.

“I’ve never done this before so it’s been a learning process for me,” he said.

Riggle first approached Lawrence about buying the building in June. Lawrence would not confirm a potential sale price but he said he was asking $200,000 for the 41 W. New York property.

Riggle, who has lived in Aurora since 1985, said he is pursuing tax-increment financing funds from the city for the project. He previously attempted to buy the former Tavern On the Fox property at 24 N. Broadway, which closed in 2009.

Read more...

Share with a friend on:    
image

Traveling Murphy

Traveling Murphy started as a way for me to share all the unique restaurants and fun things to do in…Read more
image

Mallory Sills

Fashion Institute of Technology certified Image Consultant and Stylist, Mallory is driven to enhance confidence and celebrate women looking and…Read more
image

Sara Snelling, Fox Valley Nutritionist

Sara Snelling is an innovative, forward-thinking nutritionist with a food science, food service and food safety background. While earning her…Read more
image

11th Hour Bartending Services

We are a mobile bartending service located in the Fox Valley and have been bringing fun craft cocktails to private…Read more
Sign up for news, deals and doings
What's going on in the Fox
Fox Valley Magazine's Current Issue