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The Pinewood and its in-house coffee concept Bar Crema have permanently closed their Decatur doors, at 254 W Ponce de Leon Ave.
Managing Partner Brooks Cloud was in the process of selling the restaurant, which was “struggling pre-COVID-19,” but the deal fell through, a source familiar with the failed transaction Monday told What Now Atlanta (WNA). Cloud was not available for comment at the time of publication.
Cartel Properties has since listed the space for lease, Matt Rohrig, the real estate company’s president confirmed with WNA Monday.
Cloud is “contemplating doing something else with the space” and has a “sweetheart, short-term lease” that would be terminated if Rohrig finds a restaurant tenant to take over the fully-built-out, turn-key, second-generation suite, he said.
Cartel owns the 11,292-square-foot strip center that housed The Pinewood in the downtown Decatur business district. Taco Mac anchors the center.
Cloud, under parent company 10 Apart Hospitality Group, has closed a string of restaurants in recent years. Bar Crema was originally situated in Buckhead and closed alongside Bar Americano in mid-2018. The plug was pulled on The Mercury in Ponce City Market last year and Deep End shuttered permanently around the same time amid a bankruptcy filing.