Shorty's, The Urban Market, which opened downtown to much fanfare in May 2011 and closed suddenly a little more than a month ago, has a new owner who plans to reopen it by the end of the year.
Bob Estes, owner of the Parlay Social club two block east of Shorty's on Short Street near Cheapside, said he purchased the business last week from the investment group led by Lee Ann Ingram that opened the market.
Estes said he plans to reopen Shorty's much as it was before, but perhaps with some lower price points. He also hopes to feature locally grown produce.
Estes said he is still deciding what to do with the wine shop next door, Shorty's Cellar 157, but is considering converting it into a taproom that would sell locally brewed beers.
"They had some great ideas," Estes said of Shorty's previous owners. "They just didn't get to realize them. I think there's a lot of potential here."