PITTSFIELD -- The Rainbow Restaurant, a landmark downtown eatery, is expected to reopen next month with the addition of a take-out service.

John and Luisi Economou, who purchased the property earlier this year, have received the necessary permits for the restaurant and the addition of a deck and take-out section at the side of the 107-09 First St. building.

"It will be casual but high quality," John Economou said Friday.

Natural and organic items will be featured, he said, as well as traditional wood-fired pizza and entrees on a full menu. Organic ice cream and food will be sold at the seasonal take-out service, which patrons will access from the deck area.

Renovations have been underway for a few months, Economou said, including in the kitchen, dining area and other sections of the interior. "When people come in, they will definitely see a difference," he said. "It will be more open and inviting."

Economou, who also owns Pittsfield Precious Metals on First Street, will manage the restaurant with Paul Bilord. Both have many years of experience working in traditional fine dining establishments, the owner said.

The business, which will retain the Rainbow Restaurant name, will be open from 11:30 a.m. to 10 p.m. daily, Economou said. The restaurant website, which is being developed in time for an October opening, will offer a number of features, he said. Those will include the ability to place food orders and pay online, he said, and opportunities for discounts for loyal customers.

The new business required a special permit from the Community Development Board, which was granted this week. The permit allows a reduction in parking spaces by two -- providing 20 -- to allow space for the deck and take-out area.

The Rainbow was established by the Sacchetti family of Pittsfield in 1925, when they changed their grocery store into a restaurant, originally known as Over The Rainbow. The family ran the restaurant until 1978, and the property was sold at a foreclosure auction in 1979.

Over the past decade, the restaurant has had three operators and closed again about 18 months ago.

The property was purchased in 2008 by Michael DeLeo, trustee of DFP Nominee Trust, at a foreclosure auction. According to Middle District Registry of Deeds records, DeLeo and the trust sold the property to Economou Rainbow, LLC, in May for $225,000.

The two-story building was constructed in 1890 and consists of a main floor where the restaurant is located and a full cellar, as well as apartment space on the smaller second floor, according to paperwork submitted with the permit application.

To reach Jim Therrien:
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