Paragon remains one of my favorite restaurants in Providence and is still one of the more reasonably priced. The food is consistently terrific and is perfect for bringing a large group of people to, since you can get everything from a burger (which are great) to a fancy pasta dish (the lobster ravioli with shrimp and swordfish is the best deal in Providence).
Pros: Great food, great value, nice atmosphere
Cons: Long wait on busy nights
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