Tio Pio the Latest Victim of Cursed Downtown Corner
Why are businesses having such a tough time making a go of it at 117 Court Street, on the corner of State? Maybe because the rent’s too damn high, according to a tipster who passes on word this morning that the building’s current tenant, Tio Pio, is moving out. The restaurant opened in December and…
Why are businesses having such a tough time making a go of it at 117 Court Street, on the corner of State? Maybe because the rent’s too damn high, according to a tipster who passes on word this morning that the building’s current tenant, Tio Pio, is moving out. The restaurant opened in December and now follows a couple of other businesses, Danny’s and F. Martinella’s, in not lasting very long in the space. Thoughts on what might have more staying power here? Update, 10/24/11: Tio Pio’s owner got in touch to say that while changes to the business are in the works, there are no plans to close at present.
Tio Pio Open [Brownstoner] GMAP
A deli looking restaurant, with a diner menu that seems to specialize in rotisserie chicken with the name Tio Pio is going out of business – and you are blaming the corner? or the rent?
The fee is the cost of all remaining rent on the lease (or until it gets rented to another)…Only problem is that the Lessor is almost always an LLc; when the restaurant closes, so does the LLC.
So you know what the landlord collects……$0.0