WATERTOWN â Three women who want to open a cafe in the former Club Rio on Franklin Street have received a $40,000 loan from the Watertown Local Development Corp.
The local development corporation, also known as the Watertown Trust, on Thursday approved the five-year loan with 3% interest and a stipulation that the owners only have to pay on the interest portion of the loan for the first 12 months.
In September, local real estate developer Jake Johnson purchased the former nightclub at 136 Franklin St. for $102,517 under the business name VanDuzee Street Properties LLC.
Now three women â Christin Filipelli, Patricia Jarvis and Jessica Williams â are opening The Eatery in the location. The former Club Rio will soon be turned into a cafe that serves an assortment of sweets and desserts, sandwiches, beverages, bagels and other items.
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WATERTOWN â From hip-hop and a tiki bar to bagels and coffee.
The former Club Rio will soon be turned into a cafe that serves an assortment of sweets and desserts, sandwiches, beverages, bagels and other items.
In September, local real estate developer Jake Johnson purchased the former nightclub at 136 Franklin St. for $102,517 under the business name, VanDuzee Street Properties LLC.
Now three women â Christin Filipelli, Patricia Jordan and Jessica Williams â are opening The Eatery in the location.
âWe want it be a place to go,â Ms. Filipelli said. âWe want it not to be just a place to eat.â
On Wednesday, the Watertown Local Development Corp.âs revolving loan committee approved a $40,000, five-year loan with 3% interest to the business. The funds will help create a kitchen for the restaurant, interior renovations and to purchase equipment.