Longtime Restaurant Mainstay on Jewelers Row Hits the Market
Chef Jimmy Bannos has run his popular Creole-style Heaven on Seven restaurant from the seventh floor of Chicago’s historic Garland Building for 39 years. Now, Bannos intends to sell both the space and the business, with the help of @properties Commercial broker Larry Cohn.
The 2,770-square-foot commercial condominium at 111 N. Wabash Ave. in the Jewelers Row district features two suites: the 2,304-square-foot restaurant and an adjacent 466-square-foot office space. All furniture, fixtures and equipment are included in the $450,000 asking price. For an additional price, Bannos is offering his restaurant business, name, recipes and logo.
“The Garland Building, and to a larger extent Jewelers Row, is an ecosystem where the businesses tend to support one another,” said Cohn. “That’s one of the factors that contributed to Heaven on Seven’s longevity and success, and certainly Jimmy’s cooking and the atmosphere he created brought people in from far and wide.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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