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A Downtown institution gets an immersive midcentury-mod reinvention.

Few DTR spaces have lived as many lives as the former Fox Liquor Bar. Now the subterranean stalwart is ready for its next act. Set to bloom this month is Rosebud Cocktail Lounge, the latest concept from Capulet Cocktail Club masterminds Patrick Shanahan and Robby Opperman, alongside Beverage Director Zack Thomas and Culture Curator Jonah “Luckyuno” Henry—reviving years of DTR history, drinks and culture.
Piggybacking off of Capulet’s almost-immediate success, Rosebud will carve out its own lane: a sophisticated midcentury-mod cocktail haven drawing inspo from Japanese culture and ethos, while honoring classic cocktails, multigenerational nostalgia and quality service. Layer in a hi-fi sound system and weekly vinyl DJs, and the mix lands as a distinctive cohesive space tuned to a rhythm Raleigh hasn’t quite heard before.
“Having the opportunity to respect what Ashley [Christensen] and all the great bartenders, including Zack, have done here—keeping what they did well and putting our own new spin on it—it’s really cool to have,” says Shanahan. “This was one of five bars before—now it’s one of 500, it seems.”
Writing a new chapter in local F&B lore, the bar will focus on classic cocktails crafted to perfection—no frills, no smoke and mirrors. “The precision is going to make us different,” maintains Shanahan. Leaning further into Asian influence, an omakase flight will anchor the menu, spotlighting three bevs (one of which may be NA or low-proof) curated ahead of time by the bar team and rotating monthly.
A nod to Orson Welles’ Citizen Kane, “Rosebud,” like Capulet, also reflects the local hospitality entrepreneurs’ background in filmmaking and love of cinema while diving deeper into the film’s central theme of nostalgia. That throughline comes to life in retro furniture sourced from Shanahan’s vast 10-year collection, an extensive vinyl selection, layered decor and even the Japanese denim workwear-inspired employee uniforms.
“If Peregrine is like an art gallery and Capulet is a sexy museum, then Rosebud is an analog archive vault,” emphasizes Shanahan. “It’s a very Americanized version of Japanese ethos—still rooted in respect, where everything is an homage.”

While certain aspects of Rosebud will echo Fox’s iconic past, the basement bar will be almost unrecognizable upon completion—more cinematic set piece than neighborhood watering hole. The exposed brick walls will be covered with wood paneling and cream curtains; the OG black leather booths have been traded out for five different “living rooms” (separated seating areas with a couch, two chairs and a coffee table); and the bar is getting a glow-up from Raleigh Reclaimed, including a black marble bartop. A larger living room, curtain and neon rose will frame the front entrance, lending the space a moody, almost Xanadu-like glow.
Born and bred Raleighites, Shanahan and Opperman’s resurrection of a Downtown icon reflects their hope for DTR’s continued growth. “I’ve seen the ebbs and flows of DTR since I was a kid—and I don’t think you just can give up on a place that you’ve grown up loving and has shaped you,” says Opperman. “Creating new, exciting concepts around Raleigh is really important. That creative energy existed once here—and it’s dying to come back.”
Rooted in Raleigh’s past but built for now, Rosebud carries the city’s creative cocktail spirit forward—pouring something it didn’t know it was missing. @rosebudraleigh
“We’ll never abandon Downtown Raleigh or Raleigh in general—we just have so much hope for it. Now we’re hoping to create something that will bring people back Downtown.” —Robby Opperman
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