The "Burch" concept as described in the Star Tribune strikes me as fatally flawed on several fronts. There is no parking so they'll have to valet. That's fine for the "high end" steakhouse part, but not for the neighborhood bar in the basement. This is my neighborhood. I won't walk a few blocks to sit in the basement, and I won't valet for same either.
Strikes me there's a huge need for a seriously good bar with reasonably priced eats on the main level. Both the bars at Rye and The Lowry have terrible vibes and mediocre chow.
So, there's huge possibility, but not with the premises as we know them.