Two upscale restaurant chains are coming to East Memphis. The company that owns Capital Grille and Seasons 52 chose Memphis over Nashville and Charlotte.
The green fence around the front of the Crescent Center at Poplar and Ridgeway just went up a couple of weeks ago. There's a sign written in huge bold letters proclaiming the arrival of Seasons 52 and Capital Grille. They're two of the hottest high end restaurant brands in the country.
It's great news for the Memphis restaurant scene because it will bring more world class dining to the Bluff City. But, even more than that it, means the largest restaurant company in America, Darden Restaurants, believes in Memphis in a huge way.
According to a source close to the deal, it represents the most expensive restaurant space in Memphis by a huge margin. And the payoff is expected to be just as huge with both stores expected to gross in excess of $6 million a year.
Jim Baker was among the group that built Owen Brennans, which opened in 1990. Baker and his original owners group were visionaries, but he says you must keep growing to stay ahead of the competition, "The thing that we did in 1995, we built 125 seats of private dining rooms and we stay booked all the time."
The addition of the two new restaurants will only add to the value of Baker's investment and to the value of Memphis when it comes to attracting new business and people.
Jim Walker with 4Memphis Magazine adds, "Well, I think it creates an opportunity for our International Paper Headquarters (and) FedEx to be able to come in entertain at a quality, world class facility. That is key to adding future business as well as keeping the people that we have here now."