Economic Development under CRA does not depend on tract income class. It involves job creation, preservation or improvement by a business that qualifies according to the "size test" which means <=$1 million GAR or the small business size standards for the SBA. So if your loan is not a small business loan (which a loan >$1 million would indicate) and it is to a business that meets the size test and the jobs test you could get CD credit under Economic Development. If the business is in LMI tracts you may possibly get credit under revitalization/stabilization too. It would be helpful if you could get a local government official to confirm the restaurant is consistent with the economic development plans of the municipality.
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