Scottsdale, AZ

New Steakhouse Coming, If City Council Approves

Greyson F
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A new steakhouse might be coming to town, if the city council approves its building plan.Photo byEdson SaldañaonUnsplash

What’s in a restaurant's name? Does it tell you everything you need to know about the food, the establishment, and the mindset of ownership? Does it tell you about the family behind the business or the history of what is being prepared? Or is it simply a random name slapped onto a building? Every restaurant owner has a slightly different approach to the naming practice. Traditional names tend to come from family-owned establishments, while the names used to sell an experience often come from investment firms. And if plans are approved in Scottsdale, an out-of-state investment firm will have a new steakhouse opening in Old Town.

Wags Capital is an investment firm based out of Utah with an eye on opening a new steakhouse in the heart of Old Town. The company has already announced the new restaurant, Swags, on its website, although the Scottsdale City Council still has to give the okay.

Most of the time, the City Council doesn’t need to step in and vote on the creation of a new restaurant. However, Wags Capital’s proposed plan is to knock down the current single-story building located at 7323 East Shoeman Lane and replace it with a two-story building, including a rooftop patio.

The Scottsdale City Council previously gave the proposed plan a continuance but will meet again tonight, December 4, to go over the plan and either approve the proposal of the new steakhouse or require revisions. Many cities (or neighborhoods within a given city) that have lower skylines require special permission to increase the height of current addresses for various reasons. While the current request is to add only a second floor, it is necessary to determine whether or not it might impact surrounding businesses or the greater Scottsdale community as a whole.

The possible Swags upscale steakhouse would represent the first true restaurant opening for the Wags Capital firm inside of Arizona. The firm is behind Crumbl Cookies, which does have several locations around the state, but in terms of restaurant management, nearly all of the restaurants owned and operated by Wags Capital are in Utah (with the exception of one in Las Vegas).

Should the City Council approve the proposed plans the current building would likely be raised sometime early next year, with construction soon to follow. However, the restaurant will, most likely, not be open and ready for business until sometime at the end of 2024 at the earliest.


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