St. Louis Park-based Granite City Food and Brewery says it will open its first new location in nearly two years. The new restaurant in Troy, Mich. will be the chain's 27th location. It's scheduled to open in February.

St. Louis Park-based Granite City Food & Brewery announced Monday that it obtained $6.5 million in a stock for cash transaction that will allow it to expand its Cadillac Ranch American cuisine line of restaurants.

Twin Cities Business reports the new location, south of Nashville, will open this summer. The St. Louis Park-based restaurant chain is set to open its first restaurant in Michigan next month. Last year, Granite City also announced plans to remodel some locations to increase seating capacity.

Granite City officials say they plan to add new restaurants for the first time in two years -- including a spot at the Mall of America in Bloomington.

Construction is underway in downtown Minneapolis to convert the old Shinders building into a new eatery that features a year-round rooftop restaurant, the Business Journal reports. The owner of Crave restaurants says the four-season rooftop dining area will have the option of being enclosed by Minnesota's largest all-glass retractable roof.