Landlord Repossesses The Harp In Grant Park, Is Fielding 100+ Suitors To Take Restaurant’s Place

'Near overwhelming demand' from potential restauranteurs for the newly-renovated space is forcing a first-ever open-house-style-showing for Pellerin Real Estate.
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Philippe Pellerin and the real estate developer’s company Pellerin Real Estate on Monday repossessed its tenant space housing The Harp, at 350 Memorial Dr. SE.

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Pellerin made the move after filing a lawsuit earlier this year seeking unpaid rents due as far back as January when the Grant Park restaurant first opened, according to the complaint.

It doesn’t look like the space, formerly home to its namesake Harp Transmission, will sit dark long, however.

“We have received over 100 inquiries to see the space” since What Now Atlanta broke the news of the lawsuit, Pellerin Tuesday said in an email.

“So many that there is no way we can schedule enough tours to show everyone wanting to open a restaurant here. In response to this near overwhelming demand and a first for me in 16 years of commercial development, we are hosting an ‘Open House’ this week on Thursday, June 25, and Friday, June 26 from 1 p.m. to 3 p.m. It is the only way I could feasibly get everyone wanting a tour into the space on short notice.”

Another first for the developer, whose projects focus on redevelopments like The Beacon Atlanta and an incoming East Atlanta Village food hall, will be hosting an “event” amid the novel coronavirus outbreak.

In addition to “following C.D.C. guidelines,” Pellerin will limit attendees to nine at a time and require maks upon entering, among other things.

“We have already had and continue to schedule private tours for many of Atlanta’s most notable and respected restauranteurs,” Pellerin said.

“The response from the restaurant community has been staggering. There are a lot of people looking at space right now.”

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I.P.30307since1987!
14 days ago

I think there’s a lot more to this story than what we’ve heard.
That being said, it’s gut wrenching to think that a small businesss totally built out a
new restaurant– and now the developer et al are profiting on their loss.
 

“We have already had and continue to schedule private tours for many of Atlanta’s most notable and respected restauranteurs,” Pellerin said.

 
Ambulance chasers.

hang on a sec
14 days ago

there usually isn’t any more to the story other than “every Tom, Dick, and Harry think they can open a restaurant while having absolutely zero restaurant experience then wonder why they can’t pay the bills.”   also, while they (the small business) surely had some level of investment in the build out, commercial developers typically pick up a large portion of this cost. it does not behoove the developer to see a tenant fail, after all, if a tenant is occupying their space, then the developer is generating income. with that being said, once it becomes apparent a tenant cannot… Read more »

I.P.30307since1987!
13 days ago
Reply to  hang on a sec

When I said there must be more to this story… I seem to recall that construction took two years, and it sounded like the tenants hadn’t paid rent since the beginning of this year (not C-19 related). So were the tenants paying rent for the two years of construction? Have they ever paid rent? The landlord was suing for back rent– how much back rent was there?   Gray, a Charlotte-based private chef with more than two decades in restaurant management, is moving to Atlanta to open The Harp with Prince, a resident of the area for 17 years. —… Read more »

Samma
12 days ago

I’m sad to see they didn’t make it.
We went right before the world changed. Single best prepared piece of salmon I’ve had. Interesting concept for beer and wine, killer mac and cheese, and super friendly service.

I hope Pellerin will give consideration to another Black-owned business .

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