Brazilian steakhouse coming to former Saks site Downtown

Washington County-based Millcraft Investments said Tuesday it secured the first of several retail tenants for a building it is planning on the site of Downtown's former Saks Fifth Avenue department store.

Fogo de Cho Brazilian Steakhouse will occupy space on the ground floor of a building that Millcraft is dubbing 350 Oliver. The building's street-level retail space will be topped by a 585-space parking garage and six floors of condominiums.

Construction of the retail space and parking garage is expected to be completed in 2016, at a cost of $35.5 million. Work on the condominiums would begin after that.

Fogo de Cho operates 24 restaurants in the United States and nine in Brazil.

There are hundreds of millions of dollars being invested on Smithfield Street and Fogo de Cho will be a great complement to the growing number of hotels, apartments, condos and offices being developed here, said Millcraft President Lucas Piatt.

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Brazilian steakhouse coming to former Saks site Downtown