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They are demoing this building now - they are retaining the east wall.

Building permit suggests

Proposal to construct a new 2 storey (plus mezzanine) restaurant, greater than 30 seats. Part of foundation and 1 wall to be reused from demolished building
 
Looking forward to this: Gusto 501 should be very cool when done, especially with the two lower glass panels lifted (see image on previous page…).

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This is certainly a very slow-moving and quite tiny building. Someone must have very deep pockets, or maybe the food will just be ultra expensive!
 

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