Luke Shimp, owner of the popular Red Cow and Red Rabbit restaurants, was looking for a St. Paul spot for a second Red Rabbit location.
Jay Salmen, owner of Wild Onion on Grand Avenue in St. Paul for the past 20 years, was thinking it was time for a change.
The two came together over lattes and made a deal.
By midsummer, Red Rabbit, a pasta, pizza and oyster bar restaurant, should be open in the Wild Onion location.
They expect to close the deal by April 1.
Wild Onion, at 788 Grand Av., will close March 31. The American-fare bar and grill, popular with the college crowd, will offer specials from now until then to thank neighbors and patrons, Salmen said Sunday.
"We've had a great run," he said. "I've come to the point in my career where it's time to pass the torch."
Salmen, 69, is former CEO of Sun Country Airlines and a longtime attorney who was born, raised and educated in St. Paul. He will continue to sit on a number of corporate boards and practice law part time, he said.