A motley crew of young professionals from the local music and hospitality industries have banded together to launch a new bar and restaurant concept inside a historic house in the Five Points neighborhood in East Nashville.

The Rosemary and Beauty Queen, visualized as a go-to establishment for those who have graduated from the neighborhood’s venerable dive bars, will open the first of its two-part concept in January. The second concept, a sort of Studio 54 meets CBGB bar housed in a back alley garage structure, will open around March.

The initial offering inside the historic yellow house at 1102 Forrest Avenue will have the look and feel of a comfortable dinner party inside a good friend’s handsome home.

“We’ll have a few nice cocktails, but it’s a spot where if you want to order Jack on the rocks or a Jack and Coke you’ll feel comfortable,” said Jim O’Shea, one the Rosemary and Beauty Queen’s of two managing partners along with Andrew Mischke.

The backstory surrounding the Rosemary and Beauty Queen’s inception starts with its hodgepodge of investors who got the project off the ground. Most are younger, middle-class folks making the first major investments of their lives. Musicians, bartenders, restaurant managers and other veterans of the live music scene comprise the investor list provided by the restaurant to The Tennessean.

Mark Watrous (the Shins), Jaren Johnston (Cadillac Three) and Jason Huber (Cherub) are among the local musicians who invested in the venture.

The chef is Chuck Anderson, an Air Force veteran who arrived on the culinary scene by starting the widely lauded Death from a Bun mobile food service.

Almost all of the 18 investors are Nashville residents, a departure from the headline-grabbing ventures coming online recently. Mischke and O’Shea both live a stone’s throw away from the restaurant, making this a truly local endeavor.

“It just seems like everything you read about is a New York celebrity chef or Chicago bar group coming to town, which we have no problem with — we want people to come here and do stuff,” Mischke said. “But you don’t hear much about people who have lived here their entire life, grown up in the city and this neighborhood in particular doing a restaurant. These are people who have come up through the local music and hospitality and arts communities.”

Ironically, even though Mischke was the general manager the Mercy Lounge complex and several musicians are part of the investment team, the Rosemary and Beauty Queen will not host live music. A courtyard space connecting the front Rosemary space to the rear Beauty Queen space will give patrons a place to gather. The Beauty Queen will share the same bar tab system as the Rosemary, making it a true two-in-one restaurant.

Mischke said the Beauty Queen will host guest DJs not to spin dance music, but to bring their records and curate the music played over a powerful speaker system.

“It’s not going to be Skrillex coming to play or banging house music, but it will be for our friends with good taste in music to come choose the music for the night,” he said.

Anderson’s menu will feature menu items like sake-marinated seitan, red wine lacquered pork belly and Philly cheese steak. Entrees will available on single buns or as a combo with two buns and a side. Sides include kimchi fried rice balls and duck fat sticky tots.

“We hope this is a place where it feels like you’re at a nice dinner party at your friends’ cool old house in East Nashville,” O’Shea said.

Reach Nate Rau at 615-259-8094 and follow him on Twitter @tnnaterau.