The real estate firm plans to build a 333,000 square-foot mixed-use space topped with a rooftop restaurant.
Founded by Missy and Kristin Koefod, The James Room goes in a new direction under Harold Brinkley and Justin Miller.
Owner Roi Levi says it was a difficult decision but with the ongoing COVID-19 pandemic, his options were to sell his house or close the restaurant.
Former Bar Margot head chef Joshua Fryer aims to open his restaurant by the end of this year.