Raising Cane's eyeing historic Richoux Building for downtown restaurant

Raising Cane's eyeing historic Richoux Building for downtown restaurant




The Richoux Building on Florida Boulevard and Third Street—which, with its iconic Coca-Cola sign, is one of downtown's best-known landmarks—is set to change hands in the next few weeks, and the building's buyer confirms Raising Cane's is interested in opening a restaurant in the ground-floor space. Mike Crouch, a local businessman and property owner, tells Daily Report he has signed a purchase agreement for an undisclosed price to acquire the 11,000-square-foot building from attorney Danny McGlynn, who bought the historic, mid-century building eight years ago and has had difficulty redeveloping it. "It has great potential and is probably the number one corner for exposure downtown," McGlynn says. "But it was difficult for me, so it was a better move for me and downtown that someone else come in and do something." Crouch declines to discuss specifics of what he plans to do until after the sale closes, which he hopes will be later this month or in early April. However, he says he has been in discussions with the Baton Rouge-based chicken fingers restaurant about opening a downtown location in the 8,000-square-foot ground-floor space. Raising Cane's did not return calls requesting comment. Crouch also has an undisclosed restaurant tenant lined up for the 3,000-square-foot second floor space. "It's a historic landmark," he says of the building. "It's going to be a very viable and useful space—and we are going to keep the Coca-Cola sign." —Stephanie Riegel



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