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Weekly Dirt: Billionaires Take Over Luxe Miami Real Estate
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Weekly Dirt: Billionaires Take Over Luxe Miami Real Estate
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Trump Lean on $1 5B Bid to Sell Trump Doral
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George Comfort & Sons Sues Merchants Hospitality Over Project
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New York City’s nightlife scene is dark for now, but one veteran club owner is betting on things bouncing back.
Nightlife impresario John Blair signed a lease for a 20,000-square-foot venue at the former Playboy Club at the Cachet Hotel in Hell’s Kitchen. The asking rent for the space was about $75 per square foot.
It’s a tricky time to begin working on opening a nightclub, as venues have been shut down since Gov. Andrew Cuomo reintroduced Covid-19 restrictions on places like bars and restaurants last month. OAR Management, owner of the hotel at 510 West 42nd Street, structured the deal so that Blair’s lease goes into effect only once those restrictions are lifted, according to Meridian Retail Leasing’s James Famularo, who negotiated the deal.