Restaurateur buying up buildings

Local News

CHAMPAIGN, Ill. (WCIA) — An iconic downtown building now has a new owner. The old PNC bank, on Main Street, was bought by the owner of Kofusion Restaurant for more than $2 million.

The owner is not ready to reveal her plans yet. The city planner’s office says she hasn’t told him either.  The building has been home to several banks and PNC put it up for sale in June.

Every day, Thomas Garza looks out the PACA window to this building.

“As far as landmarks go, you can’t get too many buildings in Champaign, other than maybe the city building, that are more of a recognizable landmark for the city of Champaign.”

It’s been around for more than 100-years, but only the outside is the same.

“They basically took out all the original interior. It was a gorgeous building.”

Now, another change. It has a new owner. Janet Bubin, the owner of Kofusion, bought the building with a holding company for $2.73 million last week. PNC will be moving to the Midtown Plaza, the same place as Fernandos Food Truck.

“I think it’s a good location for both of us. When we started this business, we didn’t think about moving into a building and now we have an opportunity.”

PNC told customers earlier this year they thought this area would have more foot traffic. It will open its new branch January 22.

Bubin owns two Kofusion restaurants: one in Champaign and one in Urbana, just south of Krannert. She also owns at least two other buildings: one on Main Street and one on Market Street.

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