Last call for MercBar: Two-story building is crumbling

TRD New York /
Oct.October 01, 2013 10:58 AM

MercBar is shutting the doors at its 2,000-square-foot Soho space after more than 20 years.

Restaurateur John McDonald, the owner of the two-story drinks spot at 151 Mercer Street, announced yesterday it will close – not because of lack of popularity, but because the structure is slowly collapsing. The walls are cracking and the floors are sinking, he said. McDonald, who also operates Lure Fishbar, leased the building from developer Andre Balazs and architect Campion Platt in 1993, back when they were constructing the Mercer Hotel. McDonald bought out Platt’s stake more than 10 years ago, the Wall Street Journal reported. He bought the building last year for $8.5 million, data from PropertyShark show.

“I just had to pick a day,” McDonald told the Journal. “I didn’t want there to be too much build-up. It’s drawing a line in the sand. For a lot of reasons you have to learn how to say goodbye to time versus letting it drag out.” [WSJ]Mark Maurer


Related Articles

arrow_forward_ios
WeWork leases in Soho and Flatiron could be in trouble, according to a report (Credit: iStock)

WeWork leases in Soho, Flatiron most at risk: report

From left: 47-49 Greene Street, 129 West 46th Street and 457 Broome Street (Credit: Google Maps and Meridian Investment Sales)

Here’s what the $20M-$30M NYC investment sales market looked like last week

Albert Laboz of United American Land with 430 West Broadway and 419 Broadway (Credit: Getty Images and rendering via YIMBY)

Laboz family plans 2 office developments
in Soho

Paul Manafort and 29 Howard Street (Credit: Getty Images)

Feds put Manafort’s Soho condo up for sale with $3.6M asking price

71 Greene Street with Alexander McQueen's Sarah Burton (Credit: Google Maps and Getty Images)

Alexander McQueen reveals plans for a massive new Soho location

Thor Equities takes another retail bodyblow

Jack Dorsey’s Square might swipe space at 130 Prince Street

McNally Jackson is staying put in Soho. It’s also opening two new stores.

arrow_forward_ios