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Opened in 1952, the Caucus Club lurched into the 21st Century as one of downtown's old-fashioned restaurants, but owner Mary Belloni told John Gallagher of the  Free Press today that rising costs imposed by the new owner of the Penobscot Building, Toronto-based Triple Properties, have made it impossible for her to continue.

She’ll close sometime this month and may hold an auction to sell memorabilia from the restaurant.

It began as a spinoff from the famed London Chop House across W. Congress, and the Caucus Club became known as a dark, clubby eatery where lawyers, developers, stockbrokers, advertising executives and bankers met to discuss business. Famed singer Barbra Streisand got a start as a lounge singer there in 1961.

Read more: Detroit Free Press