Dynamic Austin duo open huge eatery in former Cool River Cafe

Nov 5, 2013
Austin Business Journal

The huge space ­— some 25,000 square feet — that was occupied by the Cool River Cafe in Northwest Austin has reopened as Abel’s North Grill and Tap House

Ellis and Austin Winstanley — 32-year-old twins — purchased the restaurant and about 8 acres of surrounding land at 4001 W. Parmer Lane, and are focusing on attracting banquet and special event business

“This is a Class A building that cost $200 per square foot when it was originally built,” Ellis Winstanley said

In addition to the spacious restaurant and bar area, there are eight rooms for private parties and wooded acreage surrounding the restaurant that will be groomed for outdoor events

Ellis did not disclose the purchase price, but the Travis Central Appraisal District values the land at about $4.1 million and the equipment, which they also purchased, at $363,00

Over the years they have purchased Abel’s on the Lake, El Arroyo, The Tavern and most recently, Hill’s Cafe and Artz Rib House

The duo saved the legendary Hill’s Cafe after radio personality and restaurateur Bob Cole lamented on the air early this year that he was going to have to shut the place down

Not only do they own restaurants, they’ve developed software programs through their venture, Tradelogic Corp., that maximize returns on their investments. They also own construction and printing companies that specifically support the restaurant enterprises

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