LM Restaurants has acquired the 227 Fayetteville Street building as an investment in the vibrant future of Downtown Raleigh.
Lou Moshakos, our visionary and founder of LM Restaurants, expressed his enthusiasm for the new venture, stating in an interview with the Triangle Business Journal, “We are buying this building for a long-term investment. I am not worried about safety. The city is on it. I wanted to buy this building a long time ago when I fell in love with it…”
The acquisition of 227 Fayetteville Street is a testament to LM Restaurant’s enduring belief in the potential of Downtown Raleigh. By investing in this property, the restaurant family aims to play a pivotal role in the ongoing growth and prosperity of the local area.
For More Information:
https://www.axios.com/local/raleigh/2024/01/17/lm-restaurants-227-fayetteville-auction
