One of Victoria’s most iconic restaurants is preparing for a new chapter.
Il Terrazzo Ristorante will change ownership on April 7th after more than three decades under the leadership of Shellie and Mike Gudgeon.
The longtime owners have announced they are stepping away from the restaurant they helped turn into a staple of Victoria’s dining scene, known for its Italian cuisine and candlelit courtyard.
The restaurant will be taken over by Parametric Properties, backed by an independent group of investors and guided by Top Shelf Management, which will oversee day-to-day operations.
Top Shelf Management is the hospitality group behind several well-known local establishments in Victoria including Boom + Batten, Glo Restaurant + Lounge, the Loghouse Pub and Med Grill in Royal Oak.
Despite the ownership change, the new group says the goal is to preserve the experience that has made Il Terrazzo a favourite for locals and visitors alike.
“Il Terrazzo is a special place for many Victorians,” said Nic Green, CEO of Parametric Properties.
“When you think of celebrating milestones, you think of Il Terrazzo. When you think of what makes Victoria’s food scene special, you think of Il Terrazzo.”
Green said the new owners are committed to maintaining the traditions and values established by the Gudgeons and their staff over the past three decades.
Shellie Gudgeon will also remain involved in the restaurant’s operations to help ensure a smooth transition for guests and staff.
Il Terrazzo has served thousands of diners from around the world each year since opening in Victoria’s downtown core.
The incoming ownership group says it hopes to build on that legacy while continuing the warm atmosphere and culinary standards the restaurant is known for.
