Apr 19, 2024 - News

Riccelli's Italian Restaurant sells

A photo of Ricelli's Italian Restaurant.

Riccelli's Italian Restaurant operated for over 55 years in the 3800 block of Indianola Avenue. Photo: Jason Clayworth/Axios

Riccelli's Italian Restaurant has been sold.

Why it matters: The sale marks the end of an iconic local business.

  • The new owners do not plan to reopen an eatery on the site, Terry Riccelli, son of the founder, tells Axios.

Catch up fast: Peter Riccelli Sr., the son of Italian immigrants, started the restaurant in 1964.

  • It was known for its steak dinners and side of spaghetti, as well as its old-school decor that included linen tablecloths, chandeliers and a 1940s cash register.
  • The family closed the restaurant in 2020 during the pandemic.

State of play: The new owners plan to convert the building into a beauty salon, real estate agent Sue Randleman tells Axios.

  • The sale is expected to close in the next 90 days.

What they're saying: The sale is bittersweet, Riccelli says.

  • "My brother and I grew up in that restaurant and it was like a home. We hate to see it go," he says.
A photo of Frankie and Terry Riccelli
Brothers Frank (left) and Terry Riccelli continued to operate Riccelli's Italian Restaurant for more than a decade after their father's death in 2009. Photo: Courtesy of Riccelli's Italian Restaurant via Terry Riccelli

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