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JC

Beach Lover
Despite rumors, Red Bar staying; one owner to sell share of property
HEATHER CIVIL
Wednesday August 8th, 2007
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GRAYTON BEACH ? Word is getting around that the Red Bar is for sale, but that shouldn?t concern fans of the eatery.

Developer T.C. Cannon owns one-fifth of the land where the Red Bar sits. The Birmingham resident wants to sell his share of the property.

What does that mean for devotees of the eclectic Red Bar?

Nothing, says local attorney and developer Lloyd Blue, one of five owners of the property. If Cannon sells his share of the land, the restaurant will not change, Blue said.

?The Red Bar is not for sale,? he said.


Photo courtesy of The Red Bar

Cannon wants to sell his 20 percent of the land for about $4 million.

The other four property owners have no plans to sell their shares, Blue said.

The Red Bar is a well-known establishment frequented by locals and tourists.

Brothers Oliver and Philippe Petit own and operate the restaurant and lease the property from the five land owners. Phillipe Petit said he has he has no plans to change anything.

?We?re very happy where we are,? he said.

Donna Benitone eats Sunday brunch at the Red Bar every week.

She drives from Destin to Grayton Beach to enjoy the laid-back atmosphere. If the place ever did change, it would be a sad day, she said.

?It?s just like a big family here,? she said.

People love the Red Bar?s tacky d←cor that includes Christmas lights and cheap chandeliers. They go there to eat, drink and listen to live music.

Cannon calls fans of the Red Bar members of the ?Red Bar cult.?

?They are people that live and plan their lives and vacations and everything else around the Red Bar,? she said.

Matthew Land of Tallahassee could be considered a cult member. He dines there every chance he gets.

?I love the Red Bar,? he said.

Daily News Staff Writer Heather Civil can be reached at 654-6905.
 

joho

Beach Fanatic
Aug 5, 2005
1,126
170
4 million for 1/5 of 0.321 acres?

That's alot of jingle.....................:clap:
 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,648
1,773
4 million for 1/5 of 0.321 acres?

That's alot of jingle.....................:clap:

Typo in article! I think he's looking for $700K to $800K :yikes:
That's what I said. The property across the street is available for much less and has been used as commercial. It's a bit smaller, but dang, $20 million is a little on the typo side.
 

Kimmifunn

Funnkalicious
Jun 27, 2005
9,699
22
45
Hollyhood
it also includes a life time suply of chicken panne

Hey hot stuff. I'm rocking my Red Bar t-shirt today at the office. Hungover gear '07.;-)
 

BeachSiO2

Beach Fanatic
Jun 16, 2006
3,294
737
Well, that alone should seal the deal! ;-)

Especially if they throw in weekly crabcakes and once a meal margaritas
 

ItzKatzTime

Beach Fanatic
Apr 27, 2006
2,700
285
Santa Rosa Beach
In other news: Rumor Has It Sun Will Rise Tomorrow - Check Paper Next Week For Results :roll:

:lolabove:

I thought everyone knew that info.....:dunno:

Can you imagine Grayton Beach without the Red Bar!!!!!:yikes: :eek: :angry: There would be mass riots.
 
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