A “then and now” photo published by the East Lake Foundation. Obtained via http://www.eastlakefoundation.org/t

This story has been updated. 

The East Lake Foundation announced on May 22 that the owners of Fellini’s and La Fonda’s restaurants are planning new restaurant concepts at the corner of 2nd Avenue and Hosea Williams Drive.

Fellini’s owners Mike Nelson and Clay Harper are partnering with Jay Martin and Nathan Bolster on the project, according to a press release.

There are plans to convert an old gas station on the northwest corner into a Greater Good BBQ.  That work will take place over the next couple of months, a press release from the East Lake Foundation says.

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“On the Southeast corner, they will modify the existing building for two new restaurant concepts with outdoor seating and add a third new small restaurant,” the press release says.

The press release says the Cousins Family (CF) Foundation bought the property in 2005 “as a way to decrease crime and ensure the ongoing holistic revitalization of the East Lake community.”

The construction was delayed due to the recession.

“CF Foundation, Inc. is delighted to make the sale to two intown restaurant operators who have more than 30 year of experience,” Rick Bent, VP Real Estate and Development, CF Foundation, Inc., said in the press release. “This investment will provide East Lake residents with a much needed destination for good, affordable, interesting food and drink.”