Business & Tech
Investor Plans Farm-to-Table Cafe for Armitage
A renown Chicago investor has signed a five-year lease with an extension option for a first-floor space along Armitage Avenue, not far from the street's most recent addition, Nike Training Club.
A new farm-to-table restaurant in the Armitage Avenue corridor will be opening its doors at the height of the spring growing season.
Chicago investor Fred Latsko has leased a 1,900-square-foot ground-floor space at 843 W. Armitage Ave., according to Chicago Real Estate Daily. There, he will open Blue Door Farm Stand, which will seat about 40 people and serve up sandwiches and salads made using local ingredients—some of those will come from Latsko's Indiana farm, which was once owned by Oprah Winfrey.
The chef and general manager will reportedly be 29-year-old Olivia Zaski, who most recently worked at bakeries including Lincoln Park's Sweet Mandy B's.
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Blue Door is scheduled to open in May and it appeared Tuesday as if remodeling efforts hadn't yet started at the site. The windows of the white storefront were covered with brown and blue paper and no building permit was displayed.
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Other new additions to the block include Nike Training Club and Glazed & Infused.
"Rents on the street have picked up since after the recession and now range from $45 to $65 per square foot, according to Jeremy Kudan, president of Chicago-based restaurant brokerage Kudan Group Inc." Chicago Real Estate Daily reports. " ... Latsko said he signed a five-year lease with an extension option with the building's landlord, White Plains, New York-based Acadia Realty Trust, paying $45 per square foot in rent."
Latsko is behind restaurants including Chicago Q and Table 52, according to reports, and is leasing the Armitage Avenue space back from a realty trust which bought the property from him last year.
For more on this story, check out Chicago Real Estate Daily.
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