From left to right: Danielle Coulter, Ross Scofield, and Tim Blair. (Photo West Philly Local)

The three young restaurateurs who run Rx The Farmacy (45th and Spruce) have big plans for the Third World Lounge, the bar and dance club with a checkered history, at 49th and Catharine.

Tonight they will talk through those plans, which include a new bar that will feature live music and a wide selection of beer, wine and spirits, at the monthly meeting of Cedar Park Neighbors, which runs from 7:30 to 9:30 p.m. at the Calvary Center (48th and Baltimore).

Ross Scofield, Danielle Coulter – the owners of The Farmacy – and chef Tim Blair have been quietly renovating the Third World Lounge since striking a deal with building owner Noel Karasanyi, who will retain ownership of the building and rent it to the trio. The new place will likely be called The Bar(n) to reflect the connection with The Farmacy and its rustic, farm-fresh cuisine, but also to sidestep any airs of pretension. The name, craft beer on tap and plans for a daily rotating $2 draft special signal a place that will appeal to a wide spectrum of clientele.

“A melting pot,” Blair said of the crowd the trio hopes to attract. A place for beer connoisseurs and “the friend who is broke,” said Scofield.

Karasanyi, who fled Idi Amin’s Uganda in the early 1970s, opened the Third World in 1986 as an establishment aimed at African and Caribbean immigrants. The establishment has had several brushes with city inspectors, tax collectors and police in recent years, which, along with changes in neighborhood demographics, have prompted Karasanyi to close it down. Earlier this year he sold the Watusi II (45th and Locust), which recently reopened under new ownership as the New Tavern.

Scofield said the building’s interior has been thoroughly rehabbed and will include several large flat screens and a dance floor. Local bands interested in playing have already approached the trio. Future plans include possibly adding sit-down dining on the second floor. Scofield said he doesn’t expect to need any zoning variances to get the operation going.

The Bar(n) looks set to open next month.

– Mike Lyons