Philippe Chow, a high-end restaurant in New York, is involved in a lawsuit with its new landlord, Extell Development Co., due to lease termination claims. Extell aims to demolish the building for a luxury skyscraper. Despite the legal strife, Chow's flagship remains operational, with ongoing reservation availability noted. CEO Abraham Merchant revealed plans for relocating to a nearby site later this year, although legal contentions regarding alleged back rent of $1.4 million and penalties remain unresolved. Updates on the situation are expected soon from Merchant.
Philippe Chow's flagship location remains open despite a lawsuit alleging it has overstayed its lease due to a development plan for a new skyscraper.
Merchant Hospitality CEO Abraham Merchant confirmed that Philippe Chow has secured a nearby location to relocate, though details were not disclosed.
Extell alleges that Merchant Hospitality owes $1.4 million in back rent and fines, which are part of the legal issues currently in dispute.
Merchant expects to share updates regarding the litigation and relocation within the next 30 days, showing proactive engagement in resolving the matter.
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