"Foreclosed, sold and now reborn — Newby’s is on its way back.
The longstanding bar located at 535 and 539 S. Highland St. was sold to Loeb Properties Inc. in December 2014 after being foreclosed on by Paragon Bank. The then-Newby’s bar was just shy of celebrating its 40th anniversary.
Loeb gave the space some much-needed TLC, and now, the new tenant, Larry Thompson, will finish the job.
Thompson, a University of Memphis graduate, is also a former Newby’s employee, and he owned a wings restaurant in Colorado. He will relaunch the bar under the same signature name and plans to build on its rich history.
“Newby’s was just too good of an opportunity to pass on,” Thompson said. “I want to keep Newby’s alive. I don’t want to change it.”"