Steve Gilberston, Jay Stamates and Sam Berman purchased Jim’s Time Out, 746 N. James Lovell St., earlier this month.
Former owner Jim Pappas retired after operating the bar since the late ‘80s. Long-time bartender Tom Sorensen will remain on staff.
The bar will stay the same for the summer and will then undergo minor renovations, including a probable name change, this fall.
"Most likely we will start in September," says Gilbertson.
"We're not planning to close at all," adds Berman. "Our current plan is to remain open throughout the transition."
The three men own Ten Bells, 703 S. 2nd St. Gilbertson and Stamates also own The Standard, 1754 N. Franklin Pl., and Berman and Stamates own Sabattic, 700 S. 2nd St.
As a long-time fan of Jim’s, I’m sad to see it go. However, I really like the feel of the new owners’ other bars and I'm definitely curious about how they will manage this space.
Molly Snyder started writing and publishing her work at the age 10, when her community newspaper printed her poem, "The Unicorn.” Since then, she's expanded beyond the subject of mythical creatures and written in many different mediums but, nearest and dearest to her heart, thousands of articles for OnMilwaukee.
Molly is a regular contributor to FOX6 News and numerous radio stations as well as the co-host of "Dandelions: A Podcast For Women.” She's received five Milwaukee Press Club Awards, served as the Pfister Narrator and is the Wisconsin State Fair’s Celebrity Cream Puff Eating Champion of 2019.