Results tagged “rainbowgrill”

According to Eater, vendors supplying the Cipriani restaurant empire have had trouble getting paid, and the Ciprianis have been withholding rent payments because of a drawn-out rent arbitration with the landlord. The original ten year lease signed in 1998 was for $4 million a year, then a property reappraisal increased the rent to $8.7 million in February 2007, the Daily News reports. Last month the rent was lowered to $6 million, but now the Ciprianis are suing, accusing the property owner of trying to "force Cipriani out of business at the premises and thus out of the premises."

With the recession only getting worse, now a guy doesn't even have anywhere to turn to get a $40 bowl of pasta while taking in the best view of Manhattan. The Rainbow Room has announced that while times are tough, it will close its doors on the restaurant portion of the 65th floor landmark, the Rainbow Grill. Operators of the Rainbow Room, the Cipriani family, told WNBC, "We are currently planning on temporarily closing the Rainbow Grill, which will operate as a bar only...due to the current economic crisis in New York and around the world, on top of an ongoing dispute with our landlord.” The Ciprianis applied for landmark status for the Rainbow Room back in August for fears that their landlord Tishman Speyer could try to transform it into office space. A source connected to the Ciprianis recently was quoted saying that Tishman Speyer has been disgusted with the shabby state of the Rainbow Room since the Ciprianis took over. The historic club that sits on "Top of the Rock" above Rockefeller Center turns 75 this year.