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Davis Square's Rosebud likely to be sold in a month, investor says

Posted by Jarret Bencks  May 6, 2013 11:32 AM

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The Rosebud Bar and Grill will be sold within the next month, according to Martin Bloom, the restaurateur and real estate investor who has agreed to buy it.

Bloom said he is sorting through possible investment partners who would run the restaurant, and that he wants to initially lease the historic dining car and attached back room bar. But a lessee may not be lined up when the sale is finalized, he said.

"If we could do it simultaneously. that would be ideal, but nothing always goes exactly as planned," Bloom said.

A Facebook page for the Rosebud that is used to advertise its upcoming shows and events announced on May 1 that the diner would close May 15, but a second post on May 3 said it would remain open for the near future.

"I was informed by the owners of the property that things have changed and we will still be here for the next month or so," the post said.

Evangelos “Galley” Nichols, the owner of the Rosebud, could not immediately be reached for comment Monday.

Bloom said he is buying the restaurant as a real estate investment and does not intend to run it himself. He previously told the Globe that the diner will be historically restored and the menu changed, but he wants to keep the nostalgic feel, including its fluorescent pink sign and gothically painted exterior.

The Rosebud, which opened in 1941 and was sold to Nichols in 1958, is on national and state registries of historic places, and classified as a local historic district, which requires any work done to the exterior to be approved by the city's Historic Preservation Commission.

Jarret Bencks can be reached at bencks.globe@gmail.com. Follow him on twitter @JarretBencks.

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