Edition: Final Section: A Section Page: 1A Source: By JEFF OSTROWSKI Palm Beach Post Staff Writer Dateline: WEST PALM BEACH The complex has fallen behind on its $150 million debt despite high occupancy. A lender has filed foreclosure against CityPlace, the high-profile downtown shopping complex that’s facing financial woes in spite of its high [...]
Read MoreSTAYING THE MAIN COURSE by Robyn Friedman Athan “Tom” Prakas knew early that he would be a restaurateur. With his parents and uncles woning 42 restaurants and lounges, he literally grew up in the bsuiness. So as soon as Prakas was old enough the get a liquor license, he opened his own restaurant.
Read MoreTaverna Opa of South Beach soon will be Taverna Opa of Mary Brickell Village. The Greek restaurant will close Aug. 1 to make way for Philippe Chow, which recently closed at the Gansevoort South Hotel. In 2010, an affiliate of Credit Suisse seized the hotel and condo complex after the borrower, Michael Achenbaum‘s Gansevoort Hotel Group of [...]
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Chef Allen Susser, who in April closed his Aventura namesake restaurant after 25 years, has joined forces with real estate broker Tom Prakas and Palm Beach developers George Heaton’and Lee Heaton to take his Burger Bar concept to the next level. Susser has a Burger Bar in Terminal 4 at the Fort Lauderdale-Hollywood International Airport, and plans to open more throughout South Florida and [...]
Read MoreFinding a good location for a restaurant in South Florida is like an archaeological crusade for the Holy Grail. Many in search of space can spend months and even years scouting for a suitable place. Once that is over, operating expenses including property taxes, insurance and maintenance run from $8 per square foot in a [...]
Read MorePhilippe Chow, one of the nation’s hottest restaurants, is coming to downtown Boca Raton, further proof that high-end retailers are having no trouble navigating this prolonged economic slowdown. Philippe Chow will take over the east Palmetto Park Road space formerly occupied by III Forks, a steakhouse that served its last meal this month. Philippe Chow, [...]
Read MoreExpansion Mode: Ready to breathe new life into your existing concept or maybe open a new one? Then start making your plans to attend Restaurant Hospitality’s Concepts of Tomorrow Conference, set for Oct. 26-28 at the Red Rock Casino, Resort, Spa in Las Vegas. the speaker lineup includes Cameron Mitchell, who cashed in to the [...]
Read MoreWith 80 Cafe’s already on Atlantic Avenue, city leaders working on plan for businesses. By Maria Hererra Staff Writer DELRAY BEACH – Has the proliferation of restaurants in downtown Delray Beach gotten of of control? Some business leaders think it has, and they want City Hall to step in and slow it down. The [...]
Read MoreFORTY UNDER FORTY Christian Prakas is a young professional in the Commercial Real Estate industry, as well as, an entrepreneur. At the very young age of 23, he has helped shape the face of Atlantic Avenue as it stands today being involved in many high profile restaurants, nightclubs, and commercial property deals on Atlantic Ave. [...]
Read More(Jan.28,2008) During the third season of the acclaimed HBO series Curb Your Enthusiasm, the shows creator, Larry David, and real-life actors Ted Danson and Michael York were portrayed as they struggled to open a trendy, celebrity-owned eatery in Los Angeles. Over the course of the season, the wannabe restaurateurs were called upon to deal with [...]
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