Seafood restaurant owners claims constant construction killed their business

Condo conversion allegedly cost business $6.3M by driving away customers

TRD NEW YORK /
Dec.December 23, 2015 06:00 PM

An Upper West Side restaurant is sleeping with the fishes, and according to the owners, it’s all because of a landlord’s appetite for construction.

Owners of the Ocean Grill lobbed a lawsuit against a partnership led by GTIS Partners, claiming that the company’s condo conversion at 101 West 78th Street — known as the Evelyn — cost them $6.3 million in income from Jan. 1, 2013 to Nov. 30, 2015, the New York Post reported. The owners claim that scaffolding and a construction elevator in front of the building drove away customers, forcing the restaurant to close its doors after 18 years in business.

The constant construction plagued the restaurant with “excessive noise, vibrations, odors and dust,” the complaint claims.

New York Attorney General Eric Schneiderman halted construction in January over allegations that the owner at the time, Newcastle Realty Services, forced rent-regulated tenants out of the building without offering them the option to buy their units. As a result, Newcastle was forced to pay $1.23 million in restitution, and GTIS Partners took over the building. [NYP]Kathryn Brenzel

Correction: A previous version of this post incorrectly identified Newcastle Realty Services as the defendant in Ocean Grill’s lawsuit. The owner is a partnership led by GTIS Partners.


Related Articles

arrow_forward_ios
Margaret Streicker (Credit: Facebook)

Rent law “canary in the coal mine” runs for Congress in Connecticut

200 Amsterdam Avenue

Judge scolds 200 Amsterdam developers: “Owner must bear the responsibility”

201 West 92nd Street and 78 Riverside Drive (Credit: Google Maps)

Acuity Capital lands $324M refi on 28-building multifamily portfolio

200 Amsterdam Avenue and Municipal Art Society President Elizabeth Goldstein (Credit: iStock) 

Foes of 200 Amsterdam say other towers safe from cut-down

The Strand at 828 Broadway and Book Culture at 450 Columbus Avenue (Credit: Wikipedia, Google Maps)

Strand to take over former Book Culture location on UWS

Steve Pozycki and 200 Amsterdam Avenue (Credit: iStock)

Developer: UWS residents flocking to tower their neighbors fought

Book Culture at 450 Columbus Avenue (Credit: Google Maps)

Upper West Side bookstore closes amid accusations of fraud

Seth Schochet, Drew Goldsmith and 201 West 77th Street (Credit: Google Maps)

Large, low-key landlord snags UWS building for $100M+

arrow_forward_ios
Loading...