After nearly six years as a veritable neighborhood restaurant, Olivar is on the market. The Spanish tapas spot was recently listed for sale on a commercial real estate website noting “family issues” were behind the sale.
Owner Philippe Thomelin has not returned calls for comment on this story.
In July CHS profiled Thomelin, Olivar’s owner and head chef. “75% of restaurants don’t make it within three years, that’s law,” Thomelin told CHS back in July form his E Roy St. restaurant. “Five years is a great deal. I wanted three.”
The restaurant is listed for a sale price of $125,000. The cozy space across from the Harvard Exit once housed Bacchus and Coco La Ti Da. One of the most stunning features of the restaurant’s interior is the wall-to-wall hand-painted murals featuring scenes from a story by Russian writer Alexander Pushkin. The work was commissioned in 1931 when the Loveless building got its first restaurant, Russian Samovar.
Olivar remained open even as the listing spread around the Capitol Hill food and drink community last week. It’s not the only opportunity in the Loveless building. In November Ada’s Technical Books left for 15th Ave.
Meanwhile, north Broadway has developed a small cluster of fine dining options including Altura and Poppy. An interested food and drink entrepreneur could find the Olivar opportunity an attractive way to join the group.