MTA accused of rigging retail bid process at Grand Central

The owner of Grande Harvest Wines has taken the agency to court

TRD New York /
Jan.January 25, 2015 10:00 AM

A Grand Central Terminal retail tenant is taking the MTA to court, alleging that the agency has “rigged” the bidding process for the space.

Bruce Nevins has run Grande Harvest Wines in a 960-square-foot space in Grand Central’s Graybar Pass for 16 years. But now the MTA wants to give him the boot, according to the New York Post.“I wouldn’t have done this if I knew we could potentially lose it all,” said Nevins, referring to his decision to take a lease at Grand Central Terminal.

Nevins claims in court documents that his lease was awarded to a different bidder “in secret,” and without a public hearing.

At the end of his lease, Nevins put in a competitive bid, including a 30 percent rent increase. It was the only bid the MTA received. But hoping for more competition, the agency decided to reopen the bidding process two more times.

The authority eventually received a $4.5 million bid from 120 Nassau Corp Inc., which won out over Grande Harvest’s $3.3 million proposal.

The MTA says it simply went with the highest bidder. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
San Francisco Supervisor Dean Preston and San Francisco Apartment Association Executive Director Janan New

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions
Malls are hemorrhaging retailers left and right. What will happen with all that space? Some could be converted into apartments and condominiums. (iStock)

Retail-to-residential conversions are in cards at America’s doomed malls

Retail-to-residential conversions are in cards at America’s doomed malls
WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent
LeBron James and the home at 9955 Beverly Grove Dr.

Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Another palace for the king: LeBron James buys Beverly Hills mansion: sources
Quarantine Cribs

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...