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VOL. 127 | NO. 27 | Thursday, February 09, 2012

New Downtown Pizza Restaurant Applies for Facade Grant

By Andy Meek

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Aldo Dean, who is bringing his restaurant concept Aldo’s Pizza Pies to Downtown Memphis, is applying for a façade improvement grant from the Center City Development Corp.

Center City staff has recommended a grant to cover eligible expense up to $23,498, with the final amount based on approved receipts and subject to closing requirements. Dean also has already requested and received a retail forgivable loan of $40,000.

His façade grant is scheduled to be discussed and voted on at the Wed., Feb. 15, CCDC meeting, which starts at 9 a.m. in the Downtown Memphis Commission office, 114 N. Main St.

Aldo’s Pizza Pies will occupy 3,887 square feet in the ground floor of Barboro Flats. It will be a full-service restaurant that serves New York-style pizza and sub sandwiches in addition to offering beer, wine and a full bar.

Dean executed a 7-year lease on Feb. 4. The restaurant is estimated to open sometime in April or May.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 24 24 2,668
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

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