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Saratoga Siro’s sold to star-studded group

21 Jul

SARATOGA SPRINGS, NY — Siro’s, the iconic trackside restaurant and cocktail lounge that has been in operation since before World War II, has been sold to a New York City group of investors.

The sale, reportedly for a price well in excess of $1 million, was to a group called Racing Restaurants of America. Among its principals are New York Post publisher Paul Carlucci,  actors Kevin Connolly (at left in photo) and Kevin Dillon (next to him) of the HBO series “Entourage” and Fox News Channel celebrity shrink Dr. Keith Ablow.

The restaurant and property originally went on sale more than a year ago at an asking price of $3.1 million. That later was dropped to about $2.8 million, according to Realty USA.

The Lincoln Avenue restaurant, which is limited to 90 calendar days of operation per year. is named for founder James Siro. In 2003, the city granted a special use permit to then-owners that limited the establishment size to 160 indoor seats and 130 outdoor seats although as many as 1,000 people may attend outdoor entertainment events. According to a report in the Glens Falls Post-Star, the city Planning department said the permit will continue to be in effect despite the change in ownership.

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Posted by on July 21, 2010 in Bar/Tavern/Lounge, Restaurant

 

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