Daily News | Loch Bar, an upscale seafood restaurant, to open in the new Arthaus condos on South Broad Street
a high-end seafood house based in Baltimore, plans to open this fall on the ground floor of the new Arthaus condominium building at Broad and Spruce Streets.
“From a price-point perspective, you can really go the gambit,” said Loch Bar founder Alexander Smith, who said the concept “offers an approachability, but also has a sophistication to it. You can come in and get a burger or you can come in and get a prime rib eye and a live lobster.” Philadelphia is a new market for Smith, 38, who started in the food business while a student at the University of Delaware. He opened a Häagen-Dazs ice cream shop next to a movie theater in a downtown Baltimore building that his grandfather, a baker turned developer, was opening. Soon after, Smith added a deli, selling pizza and sandwiches, nearby.As his grandfather is of Greek heritage, “I had an affinity for that cuisine,” he said.
Smith said his company has grown organically and expanded with cash flow, for the most part taking over second-generation spaces, which are cheaper to retrofit than new spaces, like the one at Arthaus.
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