Giordano's has opened a new restaurant in the South Loop, the deep dish pizza chain's first new location since emerging from bankruptcy in 2011.
The restaurant, located on the ground floor of a residential building being renovated at 1340 S. Michigan Ave., will have its grand opening Monday, with five more new stores in the works for 2014, according to the company.
Launched in 1974, Giordano’s innovated the traditional Chicago deep dish pizza by adding a layer of crust to the top, creating the first "stuffed" pizza. The chain filed for Chapter 11 bankruptcy in February 2011 when commercial property investments in Florida and Illinois sunk the previous owners, leading the company to default on loans following the real estate collapse.
An investment group led by Chicago-based Victory Park Capital bought Giordano's at auction for $61.6 million in November 2011, installing former Lettuce Entertain You executive Yorgo Koutsogiorgas as CEO.
"The South Loop offers the perfect location for a new Giordano's," Koutsogiorgas said in a statement. "It’s a growing and vibrant area of Chicago that doesn’t have a Chicago-style pizza restaurant like ours."
Giordano’s, which rolled out its first food truck last year, said its new locations will include Chicago’s Andersonville neighborhood and the northern suburbs. The chain has 41 restaurants in the Chicago area and three in Florida.
email@example.com | Twitter @RobertChannick