The owners of Flight and Southern Social will open their third restaurant in the former Bar Louie space in Overton Square.
Tom Powers and Russ Graham inked a deal with Loeb Properties that gives them the large space at the southwest corner of Madison and Cooper. The new fine dining restaurant will be named Porch & Parlor.
Powers said the name is derived from the space. There's a large porch, part of which will be available for year-round use, and the renovation will add a parlor along with a main dining room and a bar.
Bar Louie opened in 2013 at 2125 Madison and closed in January after landlord Loeb Properties bought out the remainder of the lease on what it called an under-performing property. Rumors have flown about what would go in the space; while Powers and Graham were mentioned early, the lease was only fully executed Tuesday.
"We are looking forward to activating Overton Square's 'gateway' space with Russ Graham and Tom Powers' experienced team and unique, sophisticated fine-dining concept," said Ciara Neill, director of marketing for Loeb Properties.