Latest news with #VirginiaInn
Yahoo
29-04-2025
- Yahoo
Seattle's Virginia Inn to stay open after last-minute eviction reprieve
The Brief The Virginia Inn, one of Seattle's oldest institutions, will remain open after receiving a last-minute reprieve of an eviction notice. The century-old spot originally planned to close on Sunday after failed negotiations with its landlord, but now "plans to find a path forward." SEATTLE - One of Seattle's oldest institutions will remain open after receiving a last-minute reprieve of an eviction notice. The Virginia Inn, which originally opened in 1903, had planned to close on Sunday, April 27, after its lease was terminated by the Pike Place Market Preservation and Development Authority (PDA). The century-old spot made the announcement after failed negotiations for an equitable lease. However, in an update on Monday, the Virginia Inn said it had received a reprieve of the eviction notice from the PDA, and now has "plans to find a path forward." "Thank you all for your overwhelming support, we couldn't have done it without you. We will resume business as usual," the Virginia Inn said on social media. The Virginia Inn was one of the first art bars in Seattle, and has remained in business for over 120 years. It's older than the Pike Place Market, and was even featured in the 1992 film, "Singles." Today, the restaurant is serving up regional Northwest cuisine and signature cocktails. You can find them on the corner of 1st Avenue and Virginia Street in downtown Seattle. The Source Information in this story is from social media posts from the Virginia Inn and FOX 13 Seattle reporting. First confirmed Pacific Northwest sighting of invasive Chinese mitten crab Motorcyclist dead, 2 others injured in Pierce County crash At least 11 dead after car plows into Vancouver, B.C. crowd Tears, heartbreak at Chase Jones sentencing—teen in fatal Renton, WA crash 1 dead, 1 injured after shooting in Tacoma, WA WA pilot program offers free walk-on ferry rides to San Juan Islands Bothell, WA teacher faces judge over student sexual misconduct allegations To get the best local news, weather and sports in Seattle for free, sign up for the daily FOX Seattle Newsletter. Download the free FOX LOCAL app for mobile in the Apple App Store or Google Play Store for live Seattle news, top stories, weather updates and more local and national news.
Miami Herald
20-04-2025
- Business
- Miami Herald
Massive restaurant suddenly shutting down after 100 years
If you're up for a challenge, you might consider training for a marathon, becoming fluent in a new language (try Icelandic or Mandarin if you're really ambitious), or getting your pilot's license. If you've already done all of these, or you're just up for an even bigger challenge, try opening a restaurant. Related: Another fashion retail chain suddenly closing stores, liquidating Starting up and running a restaurant is one of the hardest and most thankless jobs in the retail and service space. Restaurant launches typically require a lot of cash up front. After buying your property, you'd need to invest in pricey equipment for the kitchen, furniture and decor for guests, renovations, licensing, permits, insurance, and inventory. You'd also need to hire labor, which is pretty hard to find nowadays. Once all that is done, you'd need to invest in marketing and signage to actually convince prospective diners that their money would be well spent at your establishment. And that's before you start stocking all that perishable inventory, a never-ending expense that typically results in a lot of food waste. In fact, the average cost of starting up a restaurant runs somewhere between $275,000 to $425,000, depending on location, type of fare, and other factors. Once you put all that cash up front, you might think the hard part is over. But the truth is, it's just getting started. Labor is hard to find, but it tends to be even harder to keep, since working in a restaurant often involves long hours during peak times. More closings: Iconic retail chain closing nearly 500 storesAnother discount retailer closing over 1,000 storesAnother struggling mall retail chain closing more stores The recurring cost of food and inventory is also steep, especially if you're buying high-quality ingredients. And owners need to pay the typical costs associated with any brick-and-mortar establishment, like rent, insurance, cleaning, and utilities. Plus, customer tastes are fickle. So it's no surprise that just under one fifth of restaurants fail within the first year of business, and 51% fail within the first five years. Even some of the most storied restaurants have difficulties. Michelin-starred dining spots and fast-food franchises alike have seen closures in recent years. And now, The Virginia Inn, a Seattle-based restaurant with decades of history, will follow suit. The Virginia Inn opened its doors in 1903 and has even been featured in films. It serves traditional Northwestern fare, such as: MusselsSmoked salmonFish and chipsFresh Pacific rockfishBurgers But its run is coming to a close and the restaurant will permanently close its doors on April 27, 2025. Related: Costco customers frustrated by sneaky new bakery tactic The restaurant reportedly could not agree on lease terms with its landlord and has ultimately decided to close. "The one sticking point that I had with our lease was the percentage-based rent that [the PDA] charges on top of the base rent and the maintenance," owner Craig Perez said of the issue, "and that is 6% of our total sales after $1.2 million." The PDA is the Pike Place Market Preservation and Development Authority, which said "we don't discuss the details of individual leases," adding, "Over several months, the PDA offered numerous opportunities to either negotiate a new lease or sell the business, but Virginia Inn did not pursue either path. As a result, the PDA was forced to end the month-to-month tenancy." The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
14-04-2025
- Yahoo
Seattle's historic Virginia Inn to close after 120 years
The Brief Seattle's historic Virginia Inn, an institution older than the Pike Place Market, is closing after more than 120 years in business. The restaurant and bar announced via social media that its lease has been terminated, with their last day set for Sunday, April 27. SEATTLE - The Virginia Inn, a Seattle institution older than the Pike Place Market, is shutting its doors after more than 120 years in business. What they're saying The century-old spot along 1st Avenue took to social media on Friday, writing, "This is the end." On Facebook and Instagram, the Virginia Inn spoke on its history dating back to 1903, and claimed their landlord, the Pike Place Market Preservation and Development Authority, is terminating their lease due to failed negotiations for an equitable lease. "To our loyal customers and friends, it is with a heavy heart we inform you that the Virginia Inn will be permanently shutting our doors on Sunday, April 27th. Our lease has been terminated by our landlord, the Pike Place Market PDA, due to failed negotiations for an equitable lease," the Virginia Inn said in social media posts. "We are Pike Place's oldest institution; older than Pike Place itself. We have seen this city grow and change all around us. We have survived through Prohibition, the Great Depression, the Great Recession, the COVID pandemic, and many other events in between." The Virginia Inn is calling on loyal patrons to go take their grievances directly to Pike Place Market leadership and Seattle Mayor Bruce Harrell. The institution's last day is set for Sunday, April 27. The Virginia Inn was one of the first art bars in Seattle, with the restaurant currently serving up regional Northwest cuisine and signature cocktails. It was also featured in the 1992 film, "Singles." Learn more about the Virginia Street staple on their website. The Source Information in this story is from social media posts from the Virginia Inn. Teen facing new charges for playground shooting in Federal Way 1997 WA cold case victim identified; Gary Ridgway not ruled out Family and neighbors of missing Arlington man rally and call for action Everett police arrest 23-year-old bikini barista assault suspect Seattle ranked 5th 'coolest' city in US Pacific Northwest ports brace for impact as China tariffs soar to 145% To get the best local news, weather and sports in Seattle for free, sign up for the daily FOX Seattle Newsletter. Download the free FOX LOCAL app for mobile in the Apple App Store or Google Play Store for live Seattle news, top stories, weather updates and more local and national coverage, plus 24/7 streaming coverage from across the nation.
Yahoo
12-04-2025
- Entertainment
- Yahoo
Pike Place staple Virginia Inn closing after more than 100 years
The Virginia Inn, the restaurant and bar at Pike Place that opened in 1903, announced it will be closing on Sunday, April 27. In a post on Facebook, the restaurant said its lease was terminated because of failed negotiations with the landlord. "We are Pike Place's oldest institution; older than Pike Place itself. We have seen this city grow and change all around us. We have survived through Prohibition, the Great Depression, the Great Recession, the COVID pandemic, and many other events in between," the restaurant posted on Facebook. The post highlights that the Virginia Inn, or 'V.I.' as regulars call it, became one of the first art bars in Seattle in the 1980s and was featured in the 1992 grunge movie 'Singles.'
