Business

Rosebud Cafe on near south side sold to Dallas investors

The Rosebud Cafe at West Rosedale and Eighth Ave. closed a few months ago.
The Rosebud Cafe at West Rosedale and Eighth Ave. closed a few months ago. Star-Telegram

The Rosebud Cafe, which has served breakfast and lunch to medical district workers at the southeast corner of Rosedale Street and Eighth Avenue for decades, has been sold to Dallas developers who apparently plan a new restaurant.

Rosedale CFS Llc., associated with Expo Investors and Moran Capital in Dallas, bought the quarter-acre site on Jan. 23 from Syed N. Afghani, who has owned the Rosebud Cafe since 1988, deed records show.

Principals with Expo Investors and Moran Capital did not return phone calls seeking comment on their plans.

The Rosebud Cafe closed a few months ago and the owner also could not be reached for comment.

Paul Paine, president of Fort Worth South, an advocacy group for the near south side, said he spoke with real estate brokers a couple of months ago who told him the site was being considered for a new restaurant. Paine said he did not know any details.

A restaurant has been at that busy corner for nearly 60 years.

The buyer financed the deal with a two-year, $1.17 million note with American National Bank of Texas, deed records show.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

  Comments