The Capital Grille's proposed location in Southlake is a step closer to reality after council approved a future incentive agreement during the June 6 meeting. Florida-based Darden Restaurants had its plans approved for a 9,300-square-foot restaurant in January, but there was initially a delay in parking spaces that would be available. With that hurdle cleared the business reached an agreement that expires 10 years after the opening of the restaurant. It will be located at 1202 E. Hwy. 114, Ste. 100, which is the site of the former Lo-Lo’s Chicken & Waffles.
Capital Grille Holdings submitted a request for public investment, seeking a 50% reimbursement from the general fund sales tax to be generated from the future restaurant in September. According to a plan registered with the Texas Department of Licensing and Regulation, the renovations will be $1.8 million. The construction has a start date of June 26 and an end date of Feb. 2, 2024.
In the resolution passed, the document stated the agreement “would satisfy a fundamental objective of the city’s strategy, which is to attract and keep top businesses to drive a dynamic and sustainable economic environment.”
As reported by Cody Thorn