The well-known New Franklin building that housed the former Prime 93 and Bricco Prime sold for $517,000 at auction Wednesday.
The buyers are an Akron-area couple, both of whom declined to be identified, saying they wanted to inform family members before their purchase became public.
They plan to keep the property a restaurant and event center.
The building at 4315 Manchester Road encompasses 26,000 square feet, including a large banquet facility. The building with a big front porch was the home of popular Portage Lakes spot Anthe's Restaurant from 1969 to 2007. Before that, it was the Sunset Inn.
The woman previously was a general manager at an event center. Her husband is in management.
The auctioneer with Kiko's Auctions opened the bidding at $1 million, but got no takers. He gradually lowered the price to $800,000 and then $500,000.
Eventually, a bid of $325,000 was placed, which increased to $470,000. There was a 10 percent buyer's premium, bringing the purchase price to $517,000.
The sale included a liquor license and a house, located across a parking lot. Also included was kitchen equipment and restaurant furnishings, such as tables and chairs.
A buyer's name is not public record in private auctions. Once a deed is filed with Summit County, however, the owner's name will be available.
Summit County records show that the last time the property changed hands — in 2007 — it sold for $1,035,300.
Bricco Prime closed in April after the building’s owner, James Pulk, and the buyer of the Akron area’s Bricco restaurants, Dave Sharp, failed to come to terms on a lease.
Pulk owns the Prime Vine vineyard, as well as the wine tasting room and event space, all across Manchester Road from the restaurant building. He has owned the restaurant building since 2007, most recently leasing it to the operator of Bricco Prime.
Prime Vine's facilities — including the tasting room in the massive brick Zimmerly house, built between 1919 and 1921, are not yet open on a regular basis. The house is at 4332 Manchester Road, next to the vineyard.
Pulk said this week he's open to working out an agreement that would have whoever takes over the restaurant building supplying food for events and tastings at Prime Vine.
David Glenny, who previously owned the Bricco restaurants, took over operations at the former Prime 93 restaurant in 2017.
The man who bought the Bricco restaurants, Sharp, initially planned to buy all five of the Briccos. However, he couldn't reach a deal on a new lease and Bricco Prime closed at the end of April.
Katie Byard can be reached at 330-996-3781 or email@example.com.