From the Boston Business Journal - Sounds Interesting:
The Ivy Restaurant Group, which operates Ivy in the Ladder District, is close to signing a lease at 48-50 Temple Place, which is located across the street from Ivy.
William Ashmore, director of operations for Ivy, said the group plans to take 3,250 square feet on the gound and below-grade levels to create a new restaurant, Stoddards Fine Food & Ale, named for the former fine cuttlery store that once occupied the building. Ivy would continue to operate.
Ashmore said the new restaurant would seat about 120 and have a full liquor license, with a focus on handcrafted ales. It would have a classic American theme harkening back to the 1900s. The project could cost up to $1 million, said Ashmore, who added that the money would come from small, private sources, tenant incentives and possible grants, which help in restoration of facades, from the city.
Ashmore said his group is working with the current owner on lease negotiations.
Once the lease is signed, Ashmore said opening date would be about Sept. 1, 2008.
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