The Real Deal New York

Jimmy Buffet’s plans for a first Margaritaville restaurant in NYC tragically collapse

Deal fell through after CVS inked a deal for the Brill Building's second floor

January 10, 2017 08:39AM

The Brill Building (inset: Jimmy Buffet)

New Yorkers will have to find somewhere else to waste away, and it’s (probably) nobody’s fault — except for maybe CVS’.

Plans for Jimmy Buffett’s Margaritaville restaurant at the Brill Building at 1619 Broadway fell through after CVS inked a lease for the second floor of the building, the New York Post reported. Buffet’s hospitality company was expected to open its first location in the landmarked building, taking 25,000 square feet across the ground floor, second floor and the 11-floor roof. But the deal collapsed after CVS signed a lease for a portion of the building that Buffet had his eye on: the entire second floor.

In July, a group of investors led by B&B Capital bought a partial ownership stake in the Brill Building for $295 million. The investors purchased the stake from owners Allied Partners and Brickman, who bought the building in 2013 for $185.5 million. The owners are apparently still trying to get Buffet to open the restaurant in another part of the building, but it’s unclear if he’ll be convinced. [NYP]Kathryn Brenzel 

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