Business Briefs

High-end restaurant in downtown Raleigh closes

Posted April 18, 2012

— A restaurant that Raleigh spent more than $1 million to bring downtown five years ago has closed.

The City Council voted in 2006 to spend the money to upgrade the city-owned One Exchange Plaza building on Fayetteville Street for The Mint restaurant. City Manager Russell Allen said Wednesday that the money was an investment in the building, so taxpayers didn't lose any money.

“It is clearly a good deal for the city,” Allen said, noting that Raleigh also collected about $600,000 in rent from the restaurant, which opened in 2007, as well as other upgrades paid for by the restaurant's owners.

The City Council on Tuesday authorized city staffers to find a new tenant for The Mint's old space, which Allen said would bring in even more money for the city.


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  • mpheels Apr 19, 2012

    I only ate there once. The food was OK, but not the best in Raleigh. The decor was nice, some aspects of the experience were off (i.e. comically large plates for some dishes while others were far to small to eat without spilling food over the edge). The service was hit/miss. I'm honestly surprised they lasted this long with so may competitors getting the food, service and atmosphere spot on every time.

  • bigredtruckman Apr 19, 2012

    The reason this was called "The Mint" was because that is what was spent to outfit the place and also what it cost to eat and/or drink there. It is stunningly beautiful inside. Sadly, the food was TERRIBLE and expensive, and the service was hit or miss. The bartenders were really nice though, but there again... the drink prices were outrageous compared to their competition so it wasn't a place you would generally go and hang out. There were FAR better and less expensive places to eat and drink downtown.