The Daily Post had a nice write-up by Jamie Morrow on the latest B'game restaurant to take a shot at the old Velvet Turtle location on Rollins. You may also recall it as Kuleto's or more recently Medallion Steak House. (Any other names, old timers?)
She notes the name means "Farm and Sea" and they will explore the seafood-centric cuisine of Venice and Milan. Go for it! The chef-owner, Pablo Estrada, was at Rose Pistola's in EssEff for 17 years and started at LuLu's.
As Jamie notes, the restaurant is huge--325 in inside and a very cool 60-person patio that Medallion used to spice up with outdoor movies on a big screen. I would love to see someone make a good run at that location. If the Summerhill project goes forward, that may disrupt things a bit in that block though. And we will have to see if they stick with mandatory valet parking as the last few establishments did. I never had a problem with it, but I know some people did.