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EDINA, MN-Minneapolis-based restaurant developer Parasole Restaurant Holdings Inc. is expanding its catalogue of restaurant offerings with the debut the company's newest French Bistro concept, Odeon Bar Americaine. The restaurant, located at 5034 France Ave. S., will take the place of gift-retailer Ampersand, which is relocating to a nearby location.
According to Molly Townsend with Minneapolis-based Colliers Turley Martin Tucker, who represented the building's landlord, Richard Curtin, Ampersand was restricted from selling certain brands because of a non-complete agreement. When space became available at the Galleria, the retailer relocated, opening up 7,436 sf for Parasole.
"Parasole is so well known and the landlord wanted them, so the space wasn't available for very long," Townsend tells GlobeSt.com. "It's in a really nice shopping and dining area, right on border of South Minneapolis. It sits along a row of upscale shops, and it's close to the Southdale Shopping area."
The area along 50th and France avenues, which is near the Mills Corp.'s Southdale Shopping Center, runs for a market rate of $25 to $28 per sf. Andrea Christenson, Colliers' second vice president, says that the area is ripe another dining option. "The neighborhood is really buzzing with excitement about having a new high-caliber restaurant like Odeon in the area."
Parasole, a restaurant holding company, develops and manages several restaurants including Manny's Steakhouse, Muffuletta, Good Earth, Chino Latino and Figlio. In addition to founding and spinning off Buca di Beppo Italian restaurant and the Oceanaire Seafood Room, the company says it is currently preparing to expand Manny's and Chino Latino, while developing additional concepts for national rollout.
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