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The Arcade Restaurant Review: More than a decade ago, the South Main Arts District was a seedy warehouse area. Today, it is home to hip, upscale art galleries and trendy boutiques. The Arcade, however, founded in 1919 and redesigned in the 1950s, stood the test of time. The restaurant serves up typical diner fare on kitschy boomerang tabletops. At breakfast, try the plate of egg, hash browns, and biscuits and sausage smothered in country-style gravy. Midday fare varies from meat-and-three plate lunches to gourmet pizzas; favorites include the Downtowner pizza (garlic, ricotta and mozzarella, tomatoes, pesto, artichoke hearts, red onions and black olives), and Ms. Polly's Greek Lover (pesto, walnuts, sun-dried tomatoes and goat cheese). For a true taste of Memphis, try the fried peanut butter and banana sandwich, a favorite of Elvis Presley. For dessert, we suggest the beignets with powdered sugar.