Raising Cane’s Expected To Open New Location in Downtown Chapel Hill Posted Jan 4, 2022 A fast-food chicken restaurant is reportedly coming to the iconic corner of Franklin and Columbia Streets in downtown Chapel Hill. The Triangle Business Journal reported that Raising Cane’s Restaurants LLC has purchased the building that formerly housed Spanky’s Restaurant. Raising Cane’s is a Louisiana-based chain that specializes in chicken fingers. (Chapelboro.com)